Cross country demand and savings patterns are investigated in an application of the extended linear expenditure system (ELES). By fitting the ELES model to a short time series for 14 countries, using an 8 commodity breakdown, systematic changes in demand parameters are examined. A systematic decline in the absolute value of the food cross price elasticity is observed as gross national product per capita rises. It is also observed that average savings...
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INFORMATION
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1975/08/31
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Article de revue
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REP31
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1
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1
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2010/07/10
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Disclosed
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Cross country demand and savings patterns
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Industrial Development Bank of India
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