dc.contributor.author | O'Riordan, W.K. | |
dc.date.accessioned | 2014-04-24T21:24:45Z | |
dc.date.available | 2014-04-24T21:24:45Z | |
dc.date.issued | 1975 | |
dc.identifier.citation | W.K. O'Riordan, 'Application of Rotterdam demand system to Irish data', Economic and Social Research Institute, Economic and Social Review, Vol. 6, No. 4, 1975, 1975, pp511-529 | |
dc.identifier.issn | 0012-9984 | |
dc.identifier.uri | http://hdl.handle.net/2262/69038 | |
dc.description.abstract | A demand model which works in logarithmic first differences is applied to data from the Irish economy to estimate price and income elasticities. Six commodity-groups are used. The results are, on the whole, reasonable and consistent with other evidence. Three of the groups show 'luxury' income elasticities, but only one has a price elasticity greater (in absolute value) than unity. Tests applied to i:he model suggest that, contrary to economic theory, an equal proportionate change in income and all prices will cause a change in the consumption pattern. The response to price changes also seems to be asymmetrical. | |
dc.language.iso | en | |
dc.publisher | Economic & Social Studies | |
dc.relation.ispartofseries | Economic and Social Review | |
dc.relation.ispartofseries | Vol. 6, No. 4, 1975 | |
dc.subject | Price elasticity | |
dc.subject | Income and consumption | |
dc.title | Application of Rotterdam demand system to Irish data | |
dc.type | Journal article | |
dc.status.refereed | Yes | |
dc.publisher.place | Dublin | |
dc.rights.ecaccessrights | OpenAccess | |
dc.format.extentpagination | pp511-529 | |