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A Long-run Disaggregated Cross-section and Time-series Demand System: An Application to Italy

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  • Rossella Bardazzi
  • Marco Barnabani

Abstract

In this paper, we study a long-run disaggregated model of consumption following an approach based on an integrated cross-section and time-series demand system. The study consists of three steps. First, a cross-section analysis is performed on data from household budget surveys. At this stage, the problem of 'zero expenditures' is solved. The cross-section results are transformed into variables for use in the time-series system of demand. Then, this demand system is built and estimated. Some results for Italy concerning both the cross-section and the time-series analyses are presented.

Suggested Citation

  • Rossella Bardazzi & Marco Barnabani, 2001. "A Long-run Disaggregated Cross-section and Time-series Demand System: An Application to Italy," Economic Systems Research, Taylor & Francis Journals, vol. 13(4), pages 365-389.
    • Handle: RePEc:taf:ecsysr:v:13:y:2001:i:4:p:365-389
    DOI: 10.1080/09535310120089761
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    4. V. V. Potapenko & A. A. Shirov, 2021. "Forecast of Russian Personal Consumption Expenditures as Function of Income Distribution and Relative Prices," Studies on Russian Economic Development, Springer, vol. 32(1), pages 1-10, January.

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