Abstract
The HOGLEX demand system (Tran Van Hoa (1983, 1985)) is integrable and flexible in the sense that it is based on utility maximization and encompasses most other well-known demand systems (e.g., LINEX, AIDS) in the literature on consumer behaviour (Laitinen et al. (1983)). HOGLEX studies to date have been based on conventional OLS or MLE methods and panel aggregate income and price data, and restricted to investigating consumption patterns. The paper elaborates on three important subsets of the HOGLEX demand system and, using household expenditure unit records from two major ASEAN developing countries (i.e., Thailand and the Philippines), estimates by the Bayesian method these subsets for 20 socio-demographic cohorts, and discusses their substantial implications in social security and welfare policy analysis. We also estimate the models in the more practical case of measurement errors in total expenditure and compare the results with those without measurement errors.
Highlights
Tran Van Hoa University of Wollongong, tvheco@uow.edu.au
This journal article is available at Research Online: https://ro.uow.edu.au/commpapers/1070
Summary
Tran Van Hoa University of Wollongong, tvheco@uow.edu.au Follow this and additional works at: https://ro.uow.edu.au/commpapers Part of the Business Commons, and the Social and Behavioral Sciences Commons
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.