IDEAS home Printed from https://ideas.repec.org/p/ags/umaesp/13419.html
   My bibliography  Save this paper

A Monthly Analysis Of Consumer Demand In The United States

Author

Listed:
  • Sexauer, Benjamin

Abstract

This study estimates monthly consumer demand equations for fifteen major commodities based on data for 1947-1972. The equations are estimated within the framework of the Nerlove partial adjustment model. By extrapolating from retail sales data, it was possible to generate the consumer expenditure data needed to combine with published monthly series on income and prices to estimate a series of consumer demand equations.

Suggested Citation

  • Sexauer, Benjamin, 1976. "A Monthly Analysis Of Consumer Demand In The United States," Staff Papers 13419, University of Minnesota, Department of Applied Economics.
    • Handle: RePEc:ags:umaesp:13419
    DOI: 10.22004/ag.econ.13419
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/13419/files/21613.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.13419?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Abraham Subotnik, 1974. "Short and Long Run Elasticities in Consumer Demand Theory," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 56(3), pages 553-555.
    2. Marc Nerlove & William Addison, 1958. "Statistical Estimation of Long-Run Elasticities of Supply and Demand," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 40(4), pages 861-880.
    3. D. S. Ironmonger, 1959. "A Note on the Estimation of Long-Run Elasticities," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 41(3), pages 626-632.
    4. William G. Tomek & Willard W. Cochrane, 1962. "Long-Run Demand: A Concept, and Elasticity Estimates for Meats," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 44(3), pages 717-730.
    5. Marc Nerlove, 1959. "On the Estimation of Long-Run Elasticities: A Reply," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 41(3), pages 632-640.
    6. Milton Friedman, 1957. "A Theory of the Consumption Function," NBER Books, National Bureau of Economic Research, Inc, number frie57-1.
    7. Marc Nerlove, 1958. "Distributed lags and Estimation of Long-Run Supply and Demand Elasticities: Theoretical Considerations," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 40(2), pages 301-310.
    8. Wayne A. Fuller & James E. Martin, 1961. "The Effects of Autocorrelated Errors on the Statistical Estimation of Distributed Lag Models," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 43(1), pages 71-82.
    9. Tweeten, Luther G., 1967. "The Demand for United States Farm Output," Food Research Institute Studies, Stanford University, Food Research Institute, vol. 7(3), pages 1-28.
    10. James E. Martin, 1963. "The Use of Distributed Lag Models Containing Two Lag Parameters in the Estimation of Elasticities of Demand," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 45(5), pages 1474-1481.
    11. George W. Ladd, 1964. "Temporal Aggregation in Distributed Lag Models," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 46(3), pages 673-681.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mukherjee, Paramita & Mukherjee, Vivekananda & Das, Debasmita, 2017. "Estimating elasticity of import demand for gold in India," Resources Policy, Elsevier, vol. 51(C), pages 183-193.
    2. Roe, Terry L. & Sexauer, Benjamin & Kinsey, Jean D., 1981. "The Cost Of Inaccurate Consumer Information: The Case Of The Epa Mileage Figures," Staff Papers 13511, University of Minnesota, Department of Applied Economics.
    3. Sexauer, Benjamin & Roe, Terry L. & Kinsey, Jean D., 1981. "The Cost Of Inaccurate Automobile Mileage Information," Staff Papers 14056, University of Minnesota, Department of Applied Economics.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. McClements, L.D., 1968. "A Quarterly Econometric Model of Pig Supply," Bulletins 232763, University of Manchester, School of Economics, Agricultural Economics Department.
    2. Lyon, Charles C. & Thompson, Gary D., 1991. "Model Selection With Temporal And Spatial Aggregation: Alternative Marketing Margin Models," Staff Papers 13253, University of Minnesota, Department of Applied Economics.
    3. Conner, J. Richard & Mathis, William Kary & Wilson, Robert R., 1969. "Evaluating Incentive Payment Programs Through Aggregate Production Response: The Case Of Mohair," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 1, pages 1-10, December.
    4. Tomek, William G. & Robinson, Kenneth L., 1977. "PART V. Agricultural Price Analysis and Outlook," AAEA Monographs, Agricultural and Applied Economics Association, number 337217, March.
    5. Shengying Zhai & Qihui Chen & Wenxin Wang, 2019. "What Drives Green Fodder Supply in China?—A Nerlovian Analysis with LASSO Variable Selection," Sustainability, MDPI, vol. 11(23), pages 1-17, November.
    6. Chul‐Woo Kwon & Peter F. Orazem & Daniel M. Otto, 2006. "Off‐farm labor supply responses to permanent and transitory farm income," Agricultural Economics, International Association of Agricultural Economists, vol. 34(1), pages 59-67, January.
    7. Bunting, David, 2009. "The saving decline: Macro-facts, micro-behavior," Journal of Economic Behavior & Organization, Elsevier, vol. 70(1-2), pages 282-295, May.
    8. Jonathan Gruber & Aaron Yelowitz, 1999. "Public Health Insurance and Private Savings," Journal of Political Economy, University of Chicago Press, vol. 107(6), pages 1249-1274, December.
    9. Grossmann, Volker, 2008. "Risky human capital investment, income distribution, and macroeconomic dynamics," Journal of Macroeconomics, Elsevier, vol. 30(1), pages 19-42, March.
    10. Lang, Harald, 1987. "Herman Wold on Optimal Properties of Exponentially Weighted Forecasts," Working Paper Series 179, Research Institute of Industrial Economics.
    11. Brautzsch, Hans-Ulrich & Günther, Jutta & Loose, Brigitte & Ludwig, Udo & Nulsch, Nicole, 2015. "Can R&D subsidies counteract the economic crisis? – Macroeconomic effects in Germany," Research Policy, Elsevier, vol. 44(3), pages 623-633.
    12. Sadullah Çelik & Yasemin Özerkek, 2008. "Panel cointegration analysis of consumer confidence and personal consumption in the European Union," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 10(2), pages 161-168, February.
    13. repec:spo:wpecon:info:hdl:2441/f0uohitsgqh8dhk9814kl7606 is not listed on IDEAS
    14. Ricardo Barradas & Ines Tomas, 2023. "Household indebtedness in the European Union countries: Going beyond the mainstream interpretation," PSL Quarterly Review, Economia civile, vol. 76(304), pages 21-49.
    15. Wallace, Henry N. & Carman, Hoy F., 1979. "A Simulation Model of United States Sugar Beet Acreage Response," 1979 Annual Meeting, July 29-August 1, Pullman, Washington 278273, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    16. Breaban, Adriana & van de Kuilen, Gijs & Noussair, Charles, 2016. "Prudence, Personality, Cognitive Ability and Emotional State," Other publications TiSEM 9a01a5ab-e03d-49eb-9cd7-4, Tilburg University, School of Economics and Management.
    17. Alok Bhargava, 2006. "Modelling the Health of Filipino Children," World Scientific Book Chapters, in: Econometrics, Statistics And Computational Approaches In Food And Health Sciences, chapter 11, pages 153-168, World Scientific Publishing Co. Pte. Ltd..
    18. Iheonu O Chimere & Tochukwu Nwachukwu, 2020. "Macroeconomic determinants of household consumption in selected West African countries," Economics Bulletin, AccessEcon, vol. 40(2), pages 1596-1606.
    19. McDonald, Rebecca & Powdthavee, Nattavudh, 2018. "The Shadow Prices of Voluntary Caregiving: Using Panel Data of Well-Being to Estimate the Cost of Informal Care," IZA Discussion Papers 11545, Institute of Labor Economics (IZA).
    20. Klos, Alexander & Rottke, Simon, 2013. "Saving and Consumption When Children Move Out," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79786, Verein für Socialpolitik / German Economic Association.
    21. Christian Johnson & George G Kaufman, 2007. "Un banco, con cualquier otro nombre…," Boletín, CEMLA, vol. 0(4), pages 185-199, Octubre-d.

    More about this item

    Keywords

    Demand and Price Analysis;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:umaesp:13419. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/daumnus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.