Estimating elasticities of main consumption groups for Egypt : using cross sectional data

El-Houssainy Rady; Saad Kandil

doi:10.14419/ijaes.v5i2.8504

Article Details

Estimating elasticities of main consumption groups for Egypt : using cross sectional data

Authors:

El-Houssainy Rady | Saad Kandil

Publisher:

Science Publishing Corporation

Journal:

International Journal of Accounting and Economics Studies Vol.5 Issue 2, pp.173-178

Document Type:

Article

Publication Date:

11/2017

Document Language:

English

Document ID (Org No.):

2001385836

pISSN:

2309-4508

DOI:

10.14419/ijaes.v5i2.8504

Keywords:

Consumer Price Index

Abstract:

 The paper analyzes the demand of main consumption groups in Egypt to extraction parameter estimates of these groups. The consumer demand studies in Egypt are limited especially in addressing the demand groups. This paper considers elasticities of main consumption groups by estimating the linear approximation almost ideal demand system (LA/AIDS) using cross-sectional data from the Egyptian 2012/2013 household income and expenditure and consumption survey (HIECS). The estimated model was done by the Iterated Seemingly Unrelated Regressions (ISUR) estimator with the homogeneity and symmetry constraints imposed. The principal findings indicated that the Marshallian own-price elasticities were negative for main groups except for health, transport, and restaurants and hotels while the signs of expenditure elasticities were positive that meaning all groups are normal or luxury groups.

Article Details

Estimating elasticities of main consumption groups for Egypt : using cross sectional data

Authors: El-Houssainy Rady | Saad Kandil

Publisher: Science Publishing Corporation

Journal: International Journal of Accounting and Economics Studies Vol.5 Issue 2, pp.173-178

Document Type: Article

Publication Date: 11/2017

Document Language: English

Document ID (Org No.): 2001385836

pISSN: 2309-4508

DOI: 10.14419/ijaes.v5i2.8504

Consumer Price Index

Issues

Authors:

El-Houssainy Rady | Saad Kandil

Publisher:

Science Publishing Corporation

Journal:

International Journal of Accounting and Economics Studies Vol.5 Issue 2, pp.173-178

Document Type:

Article

Publication Date:

11/2017

Document Language:

English

Document ID (Org No.):

2001385836

pISSN:

2309-4508

DOI:

10.14419/ijaes.v5i2.8504