Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/128661 
Erscheinungsjahr: 
1998
Schriftenreihe/Nr.: 
WIFO Working Papers No. 105
Verlag: 
Austrian Institute of Economic Research (WIFO), Vienna
Zusammenfassung: 
This paper deals with the regularity problem in the Almost Ideal Demand System (AIDS) in terms of the boundedness of the budget shares within the [0,1] interval. The violation of "cointegration accounting" can be seen just as another consequence of irregularity. The discussion of modifications in the PIGLOG cost functions leads to the proposition of a modified dynamic PIGLOG formulation, from which a system of budget shares can be derived, which ensures regularity and validity of "cointegration accounting". A special feature of the resulting share equations is the divergence from the time path of the AIDS shares over time.
Schlagwörter: 
AIDS mode
PIGLOG specification
cointegration
JEL: 
D11
D12
C30
C32
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
57.64 kB





Publikationen in EconStor sind urheberrechtlich geschützt.