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Comparaison de la performance du point de vue empirique de systèmes de demandes alternatifs

Author

Listed:
  • Barten, Anton P.

    (Université Catholique de Louvain, Belgique)

  • McAleer, Michael

    (Département de sciences économiques, University of Western Australia)

Abstract
In this paper four versions of differential demand systems are compared empirically: namely, the Rotterdam system, a version of the Almost Ideal Demand (AID) system, the Central Bureau of Statistics (CBS) system, and the NBR system. These systems share common right-hand sides but differ in the non-linear data transformations of the endogenous variable. The variable addition testing method of McAleer (1983) for single equations is extended to vectors of equations in which the dependent variables of competing systems are subject to non-linear data transformations. An appealing feature of the variable addition testing procedure is that it accommodates the adding-up condition in a straight-forward manner. Annual data over the period 1921-1981 for The Netherlands for four major groups of consumer expenditure are used in the empirical application. It is found that no single system is dominant in explaining the data. Relatively speaking, the CBS system performs the best and the NBR system the worst, with the other two systems occupying intermediate positions. The specification of the price coefficients of the Rotterdam system appears to be empirically superior to that of the AID system. Dans ce papier, quatre versions de systèmes de demande différentiels sont comparés sur le plan empirique : le système de Rotterdam, une version du système de demande quasi idéal (Almost Ideal Demand), le système du Bureau Central des Statistiques (CBS) et le système NBR. Ces systèmes possèdent des points en commun au niveau des variables explicatives, mais diffèrent sur le plan de la transformation non linéaire de la variable endogène. La méthode de McAleer (1983) du test par addition de variables dans le cas d’une équation est cette fois appliquée à des vecteurs d’équations dans lesquelles les variables dépendantes du système sont sujettes à des transformations non linéaires.

Suggested Citation

  • Barten, Anton P. & McAleer, Michael, 1997. "Comparaison de la performance du point de vue empirique de systèmes de demandes alternatifs," L'Actualité Economique, Société Canadienne de Science Economique, vol. 73(1), pages 27-45, mars-juin.
    • Handle: RePEc:ris:actuec:v:73:y:1997:i:1:p:27-45
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    References listed on IDEAS

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    1. BARTEN, Anton P., 1977. "The systems of consumer demand functions approach: A review," LIDAM Reprints CORE 284, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    2. MacKinnon, James G. & White, Halbert & Davidson, Russell, 1983. "Tests for model specification in the presence of alternative hypotheses : Some further results," Journal of Econometrics, Elsevier, vol. 21(1), pages 53-70, January.
    3. BARTEN, Anton P., 1969. "Maximum likelihood estimation of a complete system of demand equations," LIDAM Reprints CORE 34, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    4. Barten, A. P., 1969. "Maximum likelihood estimation of a complete system of demand equations," European Economic Review, Elsevier, vol. 1(1), pages 7-73.
    5. Michael McAleer, 1981. "Exact Tests of a Model Against Non-Nested Alternatives," Working Paper 431, Economics Department, Queen's University.
    6. Godfrey, Leslie G & McAleer, Michael & McKenzie, Colin R, 1988. "Variable Addition and LaGrange Multiplier Tests for Linear and Logarithmic Regression Models," The Review of Economics and Statistics, MIT Press, vol. 70(3), pages 492-503, August.
    7. Keller, W.J. & Van Driel, J., 1985. "Differential consumer demand systems," European Economic Review, Elsevier, vol. 27(3), pages 375-390.
    8. Fisher, Gordon R. & McAleer, Michael, 1981. "Alternative procedures and associated tests of significance for non-nested hypotheses," Journal of Econometrics, Elsevier, vol. 16(1), pages 103-119, May.
    9. Pesaran, M H & Deaton, Angus S, 1978. "Testing Non-Nested Nonlinear Regression Models," Econometrica, Econometric Society, vol. 46(3), pages 677-694, May.
    10. Barten, A. P. & Geyskens, E., 1975. "The negativity condition in consumer demand," European Economic Review, Elsevier, vol. 6(3), pages 227-260, July.
    11. BARTEN, Anton P. & GEYSKENS, Erik, 1975. "The negativity condition in consumer demand," LIDAM Reprints CORE 223, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    12. Dastoor, Naorayex K. & McAleer, Michael, 1989. "Some Power Comparisons of Joint and Paired Tests for Nonnested Models under Local Hypotheses," Econometric Theory, Cambridge University Press, vol. 5(1), pages 83-94, April.
    13. Barten, Anton P, 1977. "The Systems of Consumer Demand Functions Approach: A Review," Econometrica, Econometric Society, vol. 45(1), pages 23-51, January.
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    Cited by:

    1. Barten, Anton P., 2003. "On the Empirical Content of Demand Analysis," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 35(Supplemen), pages 1-11.

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