We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Robust estimation of models of Engel curves.
- Authors
Jiazhong You
- Abstract
Both standard and robust methods are used here to estimate models of Engel curves for three household commodities, namely, food, transport, and tobacco and alcohol in Canada. The income elasticities of demand computed from the various methods differ significantly for the transport and tobaccoalcohol consumption where there are obvious outliers and zero expenditures problem. Robust estimators point to lower income elasticities and have better performance than the standard LS and Tobit estimator. These results are analyzed in the light of the information on finite-sample performance obtained in a previous Monte Carlo study.
- Subjects
CANADA; COST of living; ELASTICITY (Economics); ENGEL'S law; HOUSEHOLD appliances; MONTE Carlo method; NUMERICAL analysis
- Publication
Empirical Economics, 2003, Vol 28, Issue 1, p61
- ISSN
0377-7332
- Publication type
Article
- DOI
10.1007/s001810100119