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Habits and empirical analysis of demand for six aggregate commodity groups in Greece

Journal of Economics and Business - SPOUDAI

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Title Habits and empirical analysis of demand for six aggregate commodity groups in Greece
Habits and empirical analysis of demand for six aggregate commodity groups in Greece
 
Creator Καραγιάννης, Γιάννης
Βελέντζας, Κώστας
 
Subject Συμφωνία για προϊόντα βάσεως; Αγοραστικές συνήθειες
Commodity agreement; Purchasing habits
 
Description In this paper using data form 1958 to 1989, the hypothesis of linear habit formation cannot be
rejected, indicating that tastes have not been constant in Greece. Food exhibits inventory depletion effect;
beverages and tobacco, footwear and clothing, settling and housing, and transportation and communication
exhibit habit persistence. By accounting for habits, food becomes more sensitive to both prices and
expenditure; while the opposite is true for settling and housing, and transportation and communication.
On the other hand, beverages and tobacco, and clothing and footwear become more price responsive but
less income sensitive when myopic formation is considered.
 
Publisher University of Piraeus
 
Date 1993-04-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
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Format application/pdf
 
Identifier http://spoudai.unipi.gr/index.php/spoudai/article/view/1007
 
Source SPOUDAI - Journal of Economics and Business; Vol 43, No 2 (1993); 139-154
2241-424X
1105-8919
 
Language eng
 
Relation http://spoudai.unipi.gr/index.php/spoudai/article/view/1007/1086
 
Rights Copyright (c) 1993 SPOUDAI - Journal of Economics and Business