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Food Demand Matrix in an Approximate Linear Expenditure System
Author(s) -
Sasaki Kozo,
Saegusa Yoshikiyo
Publication year - 1974
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1238754
Subject(s) - commodity , matrix (chemical analysis) , econometrics , economics , goodness of fit , mathematics , microeconomics , statistics , chemistry , finance , chromatography
The demand system or matrix for food commodities and commodity groups in Japan is constructed. A demand matrix is obtained by an alternative version of the linear expenditure system, implying a practical and convenient approximation to Powell's system. Indicators of goodness of fit are quite high for the system developed.