Testing for structural break in Japanese demand system after the bubble era

Structural Change and Economic Dynamics

Volumn 22, Issue 3, 2011, Pages 277-286

  Ogura, Manami ^a  

^a OTEMON GAKUIN UNIVERSITY   (Japan)

Author keywords

Change in preference; Cointegrated demand system; Structural break test

Indexed keywords

COINTEGRATION ANALYSIS; COMMODITY PRICE; ECONOMIC ANALYSIS; ECONOMIC STRUCTURE; INCOME; LIVING STANDARD;

JAPAN;

EID: 79961029584     PISSN: 0954349X     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.strueco.2011.03.003     Document Type: Article

References (28)

1. Adler H.J., Wolfson M. A prototype micro-macro link for the Canadian household sector. Review of Income and Wealth 1988, 34:371-392.
2. Andrews D.W.K. Optimal change point tests for normal linear regression. Journal of Econometrics 1996, 70:9-38.
3. Andrews D.W.K., Ploberger W. Optimal tests when a nuisance parameter is present only under the alternative. Econometrica 1994, 62:1383-1414.
4. Attfield C.L.F. Estimating a cointegrating demand system. European Economic Review 1997, 41:61-73.
5. Chalfant J.A., Alston J.M. Accounting for changes in tastes. Journal of Political Economy 1988, 96:391-410.
6. Cheung Y.W., Lai K.S. Finite-sample sizes of Johansen's likelihood ratio tests for cointegration. Oxford Bulletin of Econoomics and Statistics 1993, 55(3):313-328.
7. Christensen L.R., et al. Transcendental logarithmic utility functions. American Economic Review 1975, 65:367-383.
8. Deaton A., Muellbauer J. An Almost Ideal Demand System. American Economic Review 1980, 70:312-326.
9. Dickey D., Fuller W.A. Likelihood ratio statistics for autoregressive time series with a unit root. Econometrica 1981, 49:1057-1072.
10. Duffy M. On the estimation of an advertising-augmented, cointegrating demand system. Economic Modeling 2002, 20:181-206.
11. Duffy M. Advertising and food, drink and tobacco consumption in the United Kingdom: a dynamic system. Agricultural Economics 2003, 28:51-70.
12. Eales J.S., Unnevehr L.J. Demand for beef and chicken products: separability and structural change. American Agricultural Economics Association 1988, 70:521-531.
13. Eales J.S., Unnevehr L.J. Simultaneity and structural change in U.S. meat demand. American Journal of Agricultural Economics 1993, 75:259-268.
14. Green R., Alston J.M. Elasticities in AIDS models. American Journal Agricultural Economics 1990, 72:442-445.
15. Lewbel A., Ng S. Demand system with nonstationary prices. The Review of Economics and Statistics 2005, 87:479-494.
16. Maki, A., 1983. Shohi Senkou To Juyo Sokutei (in Japanese). Yuhikaku.
17. Maki A. Changes in Japanese household consumption and saving behavior before, during and after the bubble era: empirical analysis using NSFIE micro-data sets. Japan and the World Economy 2006, 18:2-21.
18. Maki A., Nishiyama S. Consistency between macro- and micro-data sets in the Japanese household sector. Review of Income and Wealth 1993, 39:195-207.
19. Moschini G., Meike K.D. Modeling the pattern of structural change in U.S. meat demand. American Journal of Agricultural Economics 1989, 71:251-261.
20. Moschini G., Moro D. Structural change and demand analysis: a cursory review. European Review of Agricultural Economics 1996, 23:239-261.
21. Ng S. Testing for homogeneity in demand systems when the regressors are nonstationary. Journal of Applied Econometrics 1995, 10:147-163.
22. Philips P.C.B., Ouliaris P. Asymptotic properties of residual based tests for cointegration. Econometrica 1990, 58:165-193.
23. Philips P.C.B., Perron P. Testing for a unit root in time series regression. Biometrika 1988, 75(2):335-346.
24. Philips P.C.B. Optimal inference in cointegrated systems. Econometrica 1991, 59:283-306.
25. Philips P.C.B. Some exact distribution theory for maximum likelihood estimators of cointegrating coefficients in error correction models. Econometrica 1994, 62:73-93.
26. Stone J.R.N. The Measurement of Consumers' Expenditure and Behavior in the United Kingdom, 1920-1938 1954, vol. I. Cambridge University Press.
27. Theil H The information approach to demand analysis. Econometrica 1965, 33:67-87.
28. Varian H.R. The nonparametric approach to demand analysis. Econometrica 1982, 50:945-973.