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A simple necessary condition for negativity in the almost ideal demand system with the Stone price index

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  • Jonathan Rougier

Abstract

A necessary condition is derived for negativity in the almost ideal demand system (AIDS) when used with the Stone price index. This condition is very simple and can be examined by a t-test on a single equation within the framework of ordinary least squares (OLS) estimation.

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  • Jonathan Rougier, 1997. "A simple necessary condition for negativity in the almost ideal demand system with the Stone price index," Applied Economics Letters, Taylor & Francis Journals, vol. 4(2), pages 97-99.
    • Handle: RePEc:taf:apeclt:v:4:y:1997:i:2:p:97-99
    DOI: 10.1080/758526703
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    References listed on IDEAS

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    1. Pashardes, Panos, 1993. "Bias in Estimating the Almost Ideal Demand System with the Stone Index Approximation," Economic Journal, Royal Economic Society, vol. 103(419), pages 908-915, July.
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    Cited by:

    1. Goksel Armagan & Cuma Akbay, 2008. "An econometric analysis of urban households' animal products consumption in Turkey," Applied Economics, Taylor & Francis Journals, vol. 40(15), pages 2029-2036.

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