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An Engel Curve Analysis of Household Expenditure in New Zealand *
Author(s) -
GILES DAVID E. A.,
HAMPTON PETER
Publication year - 1985
Publication title -
economic record
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.365
H-Index - 42
eISSN - 1475-4932
pISSN - 0013-0249
DOI - 10.1111/j.1475-4932.1985.tb01997.x
Subject(s) - engel curve , almost ideal demand system , economics , commodity , sample (material) , econometrics , consumer expenditure , consumer expenditure survey , aggregate expenditure , macroeconomics , price index , demand management , finance , chemistry , chromatography
In this paper we estimate systems of Engel curves for expenditure on eight commodity groups by New Zealand households. Six model specifications are considered, and the preferred results are based on the Almost Ideal Demand System. The estimated expenditure elasticities and marginal budget shares are quite insensitive, at the sample mean, to the choice of functional form. The results are compared with those from other Australasian, British and American studies.