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UM E-Theses Collection (澳門大學電子學位論文庫)

Title

Empirical comparisons of the functional forms of intertemporal demand systems

English Abstract

Abstract of thesis entitled “Empirical Comparisons of the Functional Forms of Intertemporal Demand Systems”, submitted by Gao Long (M-B1-5639-9) for the degree of Master of Social Sciences in Economics at the University of Macau in June 2014. This study analyzes the consumer behavior empirically from both Micro and Macro levels. Based on the framework of intertemporal two-stage demand theory, we jointly estimated six demand systems and the associated Euler equations using annual US time series data. To measure the performances of these different demand systems, we applied several information criteria. The best fitted model is then used to estimate income and price elasticities, and the coefficient of relative risk aversion. Results show that all six models performed well on explaining the budget shares, and most criteria provide evidence that the Almost Ideal Demand System (AIDS) is the best fitted model.

Issue date

2014.

Author

Gao, Long

Faculty

Faculty of Social Sciences

Department

Department of Economics

Degree

M.Soc.Sc.

Subject

Econometrics

Macroeconomics -- Mathematical models

Economics

Supervisor

Wong, Ka Kei

Files In This Item

TOC & Abstract

Full-text

Location
1/F Zone C
Library URL
991006551489706306