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Demand Elasticities In Turkey

Author

Listed:
  • Ozer, Huseyin

    (Ataturk University)

Abstract

Demand elasticities are the best available indicators of how households may respond to policies which change relative prices and the level and distribution of income. In this study, income and price elasticities for eight commodity groups are estimated for Turkey based on the LES by using household level data compiled from the 1994 Household Income and Consumption Expenditures Survey conducted by the State Institute of Statistics. All estimates obtained as a result of the estimation procedure are consistent with a priori expectations and satisfy the underlying utility theory requirements.

Suggested Citation

  • Ozer, Huseyin, 2003. "Demand Elasticities In Turkey," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 18, pages 837-852.
    • Handle: RePEc:ris:integr:0262
    as

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    More about this item

    Keywords

    Consumption expenditures; Demand elasticities; Linear expenditures system;
    All these keywords.

    JEL classification:

    • C31 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis

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