E.A. Selvanathan's Books

Recent Developments in Applied Demand Analysis

Alcohol, Advertising and Global Consumption

By: E.A. Selvanathan,Kenneth W. Clements

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Recent Developments in Applied Demand Analysis

Alcohol, Advertising and Global Consumption

By: E.A. Selvanathan,Kenneth W. Clements

The study of consumer demand is important for a number of reasons. First, as total consumption absorbs more than 70 percent of GDP in most countries, it is the largest of the macroeconomic aggregates, thus having great significance for the state of the economy as a whole and business conditions. Second, the pattern of consumption contains a wealth of useful information regarding economic welfare and living standards. Closely allied to this is that as consumption (both current and future) is the ultimate objective of all economic activity and economic systems (mercantilists notwithstanding), in a fundamental sense consumption patterns are an objective way of measuring and assessing economic performance. Finally, an understanding of the price-responsiveness of consumption is of crucial importance for a host of microeconomic policy issues including public-utility pricing, the measurement of distortions, optimal taxation and the treatment of externalities. The analysis of consumer demand is one of the major successes of economics as it represents the near perfect marriage of theory and econometrics, a situation almost unparalleled in any other field of economics. This field has attracted a lot of attention since the introduction of the linear expenditure system and its application to British data by Stone (1954), followed by the differential demand system of Barten (1964) and Theil (1965, 1975176, 1980) and developments thereafter.

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418

Publisher

Springer Science & Business Media

Published Date

ISBN 10

364285205X

ISBN 13

9783642852053

Index Numbers

A Stochastic Approach

By: D.S. Prasada Rao,E.A. Selvanathan

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Index Numbers

A Stochastic Approach

By: D.S. Prasada Rao,E.A. Selvanathan

An authoritative survey with exciting new insights of special interest to economists and econometricians who analyse intertemporal and interspatial price relationships.' - Professor Angus Maddison, Groningen University This book presents a comprehensive review of recent developments in the theory and construction of index numbers using the stochastic approach, demonstrating the versatility of this approach in handling various index number problems within a single conceptual framework. It also contains a brief, but complete, review of the existing approaches to index numbers with illustrative numerical examples. The stochastic approach considers the index number problem as a signal extraction problem. The strength and reliability of the signal extracted from price and quantity changes for different commodities depends upon the messages received and the information content of the messages. The most important applications of the new approach are to be found in the context of measuring rate of inflation; fixed and chain base index numbers for temporal comparisons and for spatial intercountry comparisons; the latter generally require special index number formulae that result in transitive and base invariant comparisons.

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250

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Springer

Published Date

ISBN 10

1349235946

ISBN 13

9781349235940

Recent Developments in Applied Demand Analysis

Alcohol, Advertising and Global Consumption

By: E.A. Selvanathan,Kenneth W. Clements

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Recent Developments in Applied Demand Analysis

Alcohol, Advertising and Global Consumption

By: E.A. Selvanathan,Kenneth W. Clements

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N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

418

Publisher

Springer Science & Business Media

Published Date

ISBN 10

364285205X

ISBN 13

9783642852053

Index Numbers

A Stochastic Approach

By: D.S. Prasada Rao,E.A. Selvanathan

Write a review Read reviews Take a Quiz Solve Book Puzzle

Index Numbers

A Stochastic Approach

By: D.S. Prasada Rao,E.A. Selvanathan

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

250

Publisher

Springer

Published Date

ISBN 10

1349235946

ISBN 13

9781349235940

Book's by E.A. Selvanathan

Recent Developments in Applied Demand Analysis

Recent Developments in Applied Demand Analysis

Index Numbers

Index Numbers

Recent Developments in Applied Demand Analysis

Recent Developments in Applied Demand Analysis

Index Numbers

Index Numbers

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