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A Globally Flexible, Quadratic Almost Ideal Demand System: An Application for Meat Demand in Taiwan

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  • Liu, Kang Ernest
  • Sun, Chia-Hung

Abstract

A new demand system, combining the quadratic almost ideal demand system and the Fourier expenditure system, is introduced. An application for meat consumption in Taiwan indicates that the new demand system fits the data well and that the restriction to the usual specifications, such as locally flexible functional form, linear Engel curve, and both, are rejected.

Suggested Citation

  • Liu, Kang Ernest & Sun, Chia-Hung, 2005. "A Globally Flexible, Quadratic Almost Ideal Demand System: An Application for Meat Demand in Taiwan," 2005 Annual meeting, July 24-27, Providence, RI 19170, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea05:19170
    DOI: 10.22004/ag.econ.19170
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    References listed on IDEAS

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    2. Chalfant, James A, 1987. "A Globally Flexible, Almost Ideal Demand System," Journal of Business & Economic Statistics, American Statistical Association, vol. 5(2), pages 233-242, April.
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    5. Christensen, Laurits R & Jorgenson, Dale W & Lau, Lawrence J, 1975. "Transcendental Logarithmic Utility Functions," American Economic Review, American Economic Association, vol. 65(3), pages 367-383, June.
    6. Deaton, Angus S & Muellbauer, John, 1980. "An Almost Ideal Demand System," American Economic Review, American Economic Association, vol. 70(3), pages 312-326, June.
    Full references (including those not matched with items on IDEAS)

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