AN ANALYSIS OF CONSUMPTION BEHAVIOR AMONG URBAN HOUSEHOLDS THROUGH ERROR CORRECTION MODEL LINEAR APPROXIMATE OF ALMOST IDEAL DEMAND SYSTEM

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MORADI ALIREZA; MOSTASHARI FARHANG

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Paper Information

Journal: IRANIAN JOURNAL OF APPLIED ECONOMICS Year:2015 | Volume:4 | Issue:- Page(s): 19-29

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Title

AN ANALYSIS OF CONSUMPTION BEHAVIOR AMONG URBAN HOUSEHOLDS THROUGH ERROR CORRECTION MODEL LINEAR APPROXIMATE OF ALMOST IDEAL DEMAND SYSTEM

Author(s)

MORADI ALIREZA | MOSTASHARI FARHANG | Issue Writer Certificate

Keywords

ALMOST IDEAL DEMAND SYSTEMQ2

ERROR CORRECTION MODELQ2

CO-INTEGRATION APPROACHQ3

BLUNDELL-ANDERSON TESTQ2

Abstract

The present paper studies consumption pattern of the following selected items; housing, appliances & furniture, fuel and clothing, for urban households in Iran through ERROR CORRECTION MODEL Linear Approximate of ALMOST IDEAL DEMAND SYSTEM (ECM-LA-AIDS) based on a CO-INTEGRATION APPROACH from 1980 to 2010. The results indicate that while Iranian households suffer from money illusion, there is speedy adjustment toward long-run equilibrium in the first three markets. Comparing short-term price elasticities of demand with long-term Marshal/Hicks elasticities indicate that implementation of price control are more effective in short run. However, expenditure elasticities for all categories except clothing are higher in the long-run.

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APA: Copy

MORADI, ALIREZA, & MOSTASHARI, FARHANG. (2015). AN ANALYSIS OF CONSUMPTION BEHAVIOR AMONG URBAN HOUSEHOLDS THROUGH ERROR CORRECTION MODEL LINEAR APPROXIMATE OF ALMOST IDEAL DEMAND SYSTEM. IRANIAN JOURNAL OF APPLIED ECONOMICS, 4(-), 19-29. SID. https://sid.ir/paper/201950/en

Vancouver: Copy

MORADI ALIREZA, MOSTASHARI FARHANG. AN ANALYSIS OF CONSUMPTION BEHAVIOR AMONG URBAN HOUSEHOLDS THROUGH ERROR CORRECTION MODEL LINEAR APPROXIMATE OF ALMOST IDEAL DEMAND SYSTEM. IRANIAN JOURNAL OF APPLIED ECONOMICS[Internet]. 2015;4(-):19-29. Available from: https://sid.ir/paper/201950/en

IEEE: Copy

ALIREZA MORADI, and FARHANG MOSTASHARI, “AN ANALYSIS OF CONSUMPTION BEHAVIOR AMONG URBAN HOUSEHOLDS THROUGH ERROR CORRECTION MODEL LINEAR APPROXIMATE OF ALMOST IDEAL DEMAND SYSTEM,” IRANIAN JOURNAL OF APPLIED ECONOMICS, vol. 4, no. -, pp. 19–29, 2015, [Online]. Available: https://sid.ir/paper/201950/en

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