AN ALMOST IDEAL DEMAND SYSTEM: AN APPLICATION TO THE DIFFERENT COMMODITIES FOR TURKEY
Published: 23 May 2015
Abstract: The paper aims to develop income and price elasticities of household food (milk), alcoholic (beer) and cigarette consumption for Turkey by applying the Almost Ideal Demand System (AIDS) to the data between 2002 and 2013 Household Budget Survey. In this study, data of the Household Budget Survey (HBS) will conducted and calculated by the Turkish Statistical Institute (Turkstat). Income and Price elasticities will be estimated within the framework of the Almost Ideal Demand System (AIDS) approach in Turkey. Findings for the price elasticities for AIDS model will be searched with consistent by the economic theory. At that time, price elasticities are negative according to the calculations of these price elasticities.
Keywords: almost ideal demand system, income, price elasticity
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