ESTIMATION OF THE PARAMETERS OF A LINEAR EXPENDITURE SYSTEM DEMAND FUNCTION FOR TURKEY
Mehmet Arif Sahinli
Pages: 40-46
Published: 1 Jan 2013
Views: 256
Downloads: 16
Abstract: The paper aims to develop marginal budget share, income and price elasticities of household food consumption for Turkey by applying the Linear Expenditure System (LES) to the data between 2002 and 2011 Household Budget Survey. In this study, data of the Household Budget Survey (HBS) conducted and calculated by the Turkish Statistical Institute (Turkstat). Marginal budget share, Income and Price elasticities under food group for divided five income groups was estimated within the framework of the Linear Expenditure System (LES) approach in Turkey. Findings for the price elasticities for LES model are consistent with economic theory. At that time, price elasticities are negative.
Keywords: linear expenditure system, marginal budget share, income and price elasticity.
Cite this article: Mehmet Arif Sahinli. ESTIMATION OF THE PARAMETERS OF A LINEAR EXPENDITURE SYSTEM DEMAND FUNCTION FOR TURKEY. Journal of International Scientific Publications: Agriculture & Food 1, 40-46 (2013). https://www.scientific-publications.net/en/article/1002934/
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