Title: Flexible Demand Systems with Serially Correlated Errors: Fat and Oil Consumption in the United States
Abstract: Abstract A flexible demand system proposed by Lewbel is used to estimate U.S. fat and oil demand from 1950 to 1986. Results suggest that the Lewbel model outperforms the Translog and AIDS and that correction for serial correlation is important. Findings also suggest that price and income effects, together with increasing public health concerns, primarily determine U.S. fat and oil demand.
Publication Year: 1992
Publication Date: 1992-08-01
Language: en
Type: article
Indexed In: ['crossref']
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Cited By Count: 55
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