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Demographic variables in demand systems: An analysis of New Zealand household expenditure 1984-1992

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  • Claudio Michelini
  • Srikanta Chatterjee

Abstract

Econometric analysis of household expenditure is an important area of economic inquiry because the estimated demand parameters are particularly useful in many behavioural aspects of demand forecasting and in welfare issues. This paper analyses expenditure patterns in Mew Zealand by estimating, on household budget data, complete demand systems with the following underlying cost function: [image omitted] which has been demographically extended to isolate household composition effects on consumption. This allows comparisons of the consumption behaviour of households and the welfare implications of the demographic parameters. In this paper, several demographically extended demand functions have been estimated and their behavioural and welfare implications compared Price, total expenditure and household size elasticities, computed from the “best” demand functions, are within expectations, and they offer some insights into consumer behaviour

Suggested Citation

  • Claudio Michelini & Srikanta Chatterjee, 1997. "Demographic variables in demand systems: An analysis of New Zealand household expenditure 1984-1992," New Zealand Economic Papers, Taylor & Francis Journals, vol. 31(2), pages 153-173.
    • Handle: RePEc:taf:nzecpp:v:31:y:1997:i:2:p:153-173
    DOI: 10.1080/00779959709544272
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    References listed on IDEAS

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    1. Davidson, Russell & MacKinnon, James G., 1993. "Estimation and Inference in Econometrics," OUP Catalogue, Oxford University Press, number 9780195060119.
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    1. Tony Blakely & Nhung Nghiem & Murat Genc & Anja Mizdrak & Linda Cobiac & Cliona Ni Mhurchu & Boyd Swinburn & Peter Scarborough & Christine Cleghorn, 2020. "Modelling the health impact of food taxes and subsidies with price elasticities: The case for additional scaling of food consumption using the total food expenditure elasticity," PLOS ONE, Public Library of Science, vol. 15(3), pages 1-17, March.
    2. Christine Cleghorn & Ingrid Mulder & Alex Macmillan & Anja Mizdrak & Jonathan Drew & Nhung Nghiem & Tony Blakely & Cliona Ni Mhurchu, 2022. "Can a Greenhouse Gas Emissions Tax on Food also Be Healthy and Equitable? A Systemised Review and Modelling Study from Aotearoa New Zealand," IJERPH, MDPI, vol. 19(8), pages 1-15, April.

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