WHAT DO WE LEARN ABOUT CONSUMER DEMAND PATTERNS FROM MICRO DATA

被引:9
作者
BLUNDELL, R
PASHARDES, P
WEBER, G
机构
[1] INST FISCAL STUDIES,LONDON WC1E 7AE,ENGLAND
[2] CITY UNIV LONDON,INST FISCAL STUDIES,LONDON EC1V 0HB,ENGLAND
关键词
D O I
暂无
中图分类号
F [经济];
学科分类号
02 ;
摘要
The aim of this paper is to assess the importance of using micro-level data in the econometric analysis of consumer demand To do this we utilize a time series of repeated cross sections covering some 4,000 households in each of 15 years. Employing a number of different aggregation procedures, we conclude that aggregate data alone are unlikely to produce reliable estimates of structural price and income coefficients. However, once certain ''aggregation factors'' as well as trend and seasonal components are included, an aggregate model is not necessarily outperformed across all demand equations in terms of forecasting ability.
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页码:570 / 597
页数:28
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