Almost ideal demand system in the Philippines
Date
2009-04
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Abstract
Information about household consumption patterns is a key input in the formulation of economic policies. This thesis uses two models of the Almost Ideal Demand System to come up with demand estimates for seven commodity groups in the Philippines for the year 2006. Results are relatively comparable to Baliscan's 1992 study and yield plausible elasticity estimates. Findings show a significant variation in demand for the food groups between households with employed heads and those whose heads are unemployed.
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Keywords
Household consumption, Consumption patterns, Consumer demand analysis, Expenditures patterns, Philippine household consumption