Bayesian estimation of a censored linear almost ideal demand system: Food demand in Pakistan

American Journal of Agricultural Economics

Volumn 93, Issue 5, 2011, Pages 1374-1390

  Yen, Steven T ^a   Kasteridis, Panagiotis ^c   Fang, Cheng ^b  

^a UNIVERSITY OF TENNESSEE   (United States)

^b Global Information and Early Warning Service   (Italy)

^c NONE

Author keywords

censoring; demand elasticities; Gibbs sampling; LAIDS; MCMC; Pakistan

Indexed keywords

BAYESIAN ANALYSIS; DEMAND ANALYSIS; ESTIMATION METHOD; FOOD SUPPLY; MARKOV CHAIN; MONTE CARLO ANALYSIS; PRICE DYNAMICS;

PAKISTAN;

EID: 80054888151     PISSN: 00029092     EISSN: 14678276     Source Type: Journal    
DOI: 10.1093/ajae/aar059     Document Type: Article

References (37)

1. Ahmad, E., N. Stern, and H.-M. Leung. 1987. The Demand for Wheat under Non-linear Pricing in Pakistan. Journal of Econometrics 36(1-2): 55-65.
2. Albert, J., and S. Chib. 1993. Bayesian Analysis of Binary and Polychotomous Response Data. Journal of the American Statistical Association 88: 669-679.
3. Amemiya, T. 1974. Multivariate Regression and Simultaneous Equation ModelsWhen the Dependent Variables Are Truncated Normal. Econometrica 42(6): 999-1012.
4. Aziz, B., and S. Malik. 2006. Surmising Consumer Demand System and Structural Changes Using Time Series Data. Pakistan Economic and Social Review 44(1): 117-136.
5. Burki, A. A. 1997. Estimating Consumer Preferences for Food, Using Time Series Data of Pakistan. Pakistan Development Review 36(2): 131-153. (Pubitemid 29041251)
6. Burney, N. A., and M. Akmal. 2008. Food Demand in Pakistan: An Application of the Extended Linear Expenditure System. Journal of Agricultural Economics 42(2): 185-195.
7. Chen, M.,Q. Shao, and I. Ibrahim. 2000. Monte Carlo Methods in Bayesian Computation. New York: Springer.
8. Chib, S. 1992. Bayes Inference in the Tobit Censored Regression Model. Journal of Econometrics 51(1-2): 79-99.
9. Deaton, A. 1986. Demand Analysis. In Handbook of Econometrics, vol. 3, ed. Z. Griliches and M.D. Intriligator, 1769-1839 (chap. 30). Amsterdam: North-Holland.
10. Deaton, A., and J. Muellbauer. 1980. An Almost Ideal Demand System. American Economic Review 70(3): 312-326.
11. Dong,D.,B.W. Gould, and H. M. Kaiser. 2004. Food Demand in Mexico:An Application of the Amemiya-Tobin Approach to the Estimation of a Censored System. American Journal of Agricultural Economics 86(4): 1094-1107. (Pubitemid 39454876)
12. Federal Bureau of Statistics. 2009. Pakistan Social and Living Standards Measurement Survey. Islamabad, Pakistan.
13. Food and Agriculture Organization. 2010. Country Profile: Food Security Indicators: Pakistan. United Nations., (accessed January 18, 2011). http://www.fao.org/fileadmin/templates/ess/documents/food-security-statistics/ country-profiles/eng/Pakistan-E.pdf.
14. Geweke, J. 1992. Evaluating the Accuracy of Sampling-Based Approaches to the Calculation of Posterior Moments. In Bayesian Statistics 4: Proceedings of theFourth Valencia International Meeting, ed. J. Bernardo, J. Berger, A. Dawid, and A. Smith, 641-649. Oxford: Clarendon Press.
15. Golan, A., J. M. Perloff, and E. Z. Shen. 2001. Estimating a Demand System with Nonnegativity Constraints: Mexican Meat Demand. Review of Economics and Statistics 83(3): 541-550.
16. Gourieroux,C. S.,J.-J. Laffont,andA. Monfort. 1980. Coherency Conditions in Simultaneous Linear Equation Models with Endogenous Switching Regimes. Econometrica 48(3): 675-695.
17. Government of Pakistan. 2003. Accelerating Economic Growth and Reducing Poverty:The Road Ahead (Poverty Reduction Strategy Paper). http://ideas.repec. org/p/ess/wpaper/id2796.html (accessed September 12, 2011).
18. Hajivassiliou, V. A. 1993. Simulation Estimation Methods for Limited DependentVariable Models. In Handbook of Statistics, vol. 4, ed. G. S. Maddala, C. R. Rao, and H. D. Vinod, 519-543. Amsterdam: North- Holland.
19. Houthakker, H. S. 1953. La forme des courbes d'Engel. Cahiers du séminaire d'econométrie 2: 59-66.
20. Lee, L., and M. M. Pitt. 1986. Microeconometric Demand Systems with Binding Nonnegativity Constraints: The Dual Approach. Econometrica 54(5): 1237-1242.
21. Meyerhoefer, C. D., C. K. Ranney, and D. E. Sahn. 2005. Consistent Estimation of Censored Demand Systems Using Panel Data. American Journal of Agricultural Economics 87(3): 660-672. (Pubitemid 41114923)
22. Millimet,D. L., and R. Tchernis. 2008. Estimating High-Dimensional Demand Systems in the Presence of Many Binding Nonnegativity Constraints. Journal of Econometrics 147 (2): 384-395.
23. Moschini,G. 1995. Units of Measurement and the Stone Index in Demand System Estimation. American Journal of Agricultural Economics 77(1): 63-68.
24. Perali, F., and J.-P. Chavas. 2000. Estimation of Censored Demand Equations from Large Cross-Section Data. American Journal of Agricultural Economics 82(4): 1022-1037.
25. Prattala, R., L. Paalanen, D. Grinberga, V. Helasoja, A. Kasmel, and J. Petkeviciene. 2006. Gender Differences in the Consumption of Meat, Fruit and Vegetables Are Similar in Finland and the Baltic Countries. European Journal of Public Health 17(5): 520-525. (Pubitemid 350033985)
26. Pudney, S. E. 1989. Modelling Individual Choice: The Econometrics of Corners, Kinks, and Holes. Cambridge, UK: Blackwell Publishers.
27. Ransom, M. R. 1987. A Comment on Consumer Demand Systems with Binding Non-negativity Constraints. Journal of Econometrics 34(3): 355-359.
28. Shonkwiler, J. S., and S. T.Yen. 1999. Two-Step Estimation of a Censored System of Equations. American Journal of Agricultural Economics 81(4): 972-982. (Pubitemid 129527351)
29. Suleri,A. Q., and Haq, S. 2009. Food Insecurity in Pakistan. Report of the Sustainable Development Policy Institute, the Swiss Agency for Development and Cooperation, and the World Food Programme. http://documents.wfp.org/ stellent/groups/public/documents/ena/wfp225636.pdf (accessed January 18, 2011).
30. Tanner,M. A., andW. H.Wong. 1987. The Calculation of Posterior Distributions by Data Augmentation. Journal of the American Statistical Association 82: 528-549.
31. United Nations Development Programme. 2010.The RealWealth of Nations:Pathways to Human Development. Human Development Report 2010: 20th Anniversary Edition. New York: UNDP.
32. United Nations Inter Agency Assessment Mission. 2008. High Food Prices in Pakistan: Impact Assessment and the Way Forward, (accessedAugust 21, 2011). http://www.fao.org/giews/english/otherpub/PakistanImpactAssessment.pdf.
33. van Soest, A., A. Kapteyn, and P. Kooreman. 1993. Coherency and Regularity of Demand Systems with Equality and Inequality Constraints. Journal of Econometrics 57(1-3): 161-188.
34. van Soest, A., and P. Kooreman. 1990. Coherency of the Indirect Translog Demand System with Binding Nonnegativity Constraints. Journal of Econometrics 44(3): 391-400.
35. Wales,T. J., and A. D.Woodland. 1983. Estimation of Consumer Demand Systems with Binding Non-negativity Constraints. Journal of Econometrics 21(3): 263-285.
36. Yen, S. T., and B. Lin. 2006. A Sample Selection Approach to Censored Demand Systems. American Journal of Agricultural Economics 88(3): 742-749. (Pubitemid 44088918)
37. Yen, S. T., B. Lin, and D. M. Smallwood. 2003. Quasi and Simulated Likelihood Approaches to Censored Demand Systems: Food Consumption by Food Stamp Recipients in the United States. American Journal of Agricultural Economics 85(2): 458-478. (Pubitemid 36624254)