Specification and Estimation of ELES

Russel J. Cooper; Keith R. McLaren

doi:10.1111/j.1475-4932.1981.tb01702.x

Specification and Estimation of ELES

Russel J. Cooper, Keith R. McLaren

Econometrics & Business Statistics

Research output: Contribution to journal › Article › Research › peer-review

Abstract

The Extended Linear Expenditure System b reformulated to yield private per capita net worth as the basic explanatory variable. As a by‐product the model implies that the marginal propensity to consume/save out of permanent income varies with the rate of interest. In the estimation, account is taken of inconsistencies in data compiled from different sources by explicity including the savings relationship in the system. Parameter estimates based on Australian data are presented.

Original language	English
Pages (from-to)	74-79
Number of pages	6
Journal	Economic Record
Volume	57
Issue number	1
DOIs	https://doi.org/10.1111/j.1475-4932.1981.tb01702.x
Publication status	Published - Mar 1981

Access to Document

10.1111/j.1475-4932.1981.tb01702.x

Cite this

@article{420fbd1b3df74610a599eeb786c4b208,

title = "Specification and Estimation of ELES",

abstract = "The Extended Linear Expenditure System b reformulated to yield private per capita net worth as the basic explanatory variable. As a by‐product the model implies that the marginal propensity to consume/save out of permanent income varies with the rate of interest. In the estimation, account is taken of inconsistencies in data compiled from different sources by explicity including the savings relationship in the system. Parameter estimates based on Australian data are presented.",

author = "Cooper, {Russel J.} and McLaren, {Keith R.}",

year = "1981",

month = mar,

doi = "10.1111/j.1475-4932.1981.tb01702.x",

language = "English",

volume = "57",

pages = "74--79",

journal = "Economic Record",

issn = "0013-0249",

publisher = "Wiley-Blackwell",

number = "1",

}

TY - JOUR

T1 - Specification and Estimation of ELES

AU - Cooper, Russel J.

AU - McLaren, Keith R.

PY - 1981/3

Y1 - 1981/3

N2 - The Extended Linear Expenditure System b reformulated to yield private per capita net worth as the basic explanatory variable. As a by‐product the model implies that the marginal propensity to consume/save out of permanent income varies with the rate of interest. In the estimation, account is taken of inconsistencies in data compiled from different sources by explicity including the savings relationship in the system. Parameter estimates based on Australian data are presented.

AB - The Extended Linear Expenditure System b reformulated to yield private per capita net worth as the basic explanatory variable. As a by‐product the model implies that the marginal propensity to consume/save out of permanent income varies with the rate of interest. In the estimation, account is taken of inconsistencies in data compiled from different sources by explicity including the savings relationship in the system. Parameter estimates based on Australian data are presented.

UR - http://www.scopus.com/inward/record.url?scp=84980292409&partnerID=8YFLogxK

U2 - 10.1111/j.1475-4932.1981.tb01702.x

DO - 10.1111/j.1475-4932.1981.tb01702.x

M3 - Article

AN - SCOPUS:84980292409

SN - 0013-0249

VL - 57

SP - 74

EP - 79

JO - Economic Record

JF - Economic Record

IS - 1

ER -

Specification and Estimation of ELES

Abstract

Access to Document

Other files and links

Cite this