Title
AIDS versus the Rotterdam demand system: A Cox test with parametric bootstrap
Date Issued
01 December 2002
Resource Type
Journal
Author(s)
Dameus A.
Richter F.G.C.
Brorsen B.W.
Sukhdial K.P.
Abstract
A Cox test with parametric bootstrap is developed to select between the linearized version of the First-Difference Almost Ideal Demand System (FDAIDS) and the Rotterdam model. A Cox test with parametric bootstrap has been shown to be more powerful than encompassing tests like those used in past research. The bootstrap approach is used with U.S. meat demand (beef, pork, chicken, fish) and compared to results obtained with an encompassing test. The Cox test with parametric bootstrap consistently indicates the Rotterdam model is preferred to the FDAIDS, while the encompassing test sometimes fails to reject FDAIDS.
Start page
335
End page
347
Volume
27
Issue
2
Scopus EID
2-s2.0-0037004597
Source
Journal of Agricultural and Resource Economics
Resource of which it is part
Journal of Agricultural and Resource Economics
ISSN of the container
10685502
Sources of information: Directorio de Producción Científica Scopus