Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/192557 
Year of Publication: 
2009
Series/Report no.: 
Discussion Papers No. 575
Publisher: 
Statistics Norway, Research Department, Oslo
Abstract: 
The consumption of storable goods does not necessarily equal purchases during a period because of changes in stock. In many cases, we have information about expenditures only, not consumption. A method is developed to obtain an estimate of consumption and changes in stock when only expenditure data are available. In addition to expenditure data, the method requires discrete information about the utilization of available equipment complementary to the storable good in consumption. Household energy consumption is used as an illustration, applying data from the Norwegian survey of consumer expenditure.
Subjects: 
Storable goods
consumption
changes in stock
stochastic Kuhn-Tucker
Double Hurdle model
multivariate distribution
JEL: 
C34
D12
Q41
Document Type: 
Working Paper

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