Title
An Application of the Linear Expenditure Systems to the Pattern of Consumer Behavior in Taiwan
Document Type
Article
Journal/Book Title/Conference
Economics Research Institute Study Paper
Volume
94
Issue
7
Publisher
Utah State University Department of Economics
Publication Date
1994
First Page
1
Last Page
13
Abstract
This study reveals certain systematic tendencies in consumer behavior in Taiwan from 1951 to 1990. The method of systems estimation and precision estimates revealed by significant t statistics and higher R2 make the system of equations a useful tool to characterize broad tendencies in individual allocation of expenditure behavior. This analysis has important implications for government production strategies relating to price and subsidy policies and promotion of reasonable standards of social welfare and health. In general, this study represents our attempt to make a systematic estimation of consumer demand to identify the broad tendencies of individual demand behavior in Taiwan.
Recommended Citation
Chang, Tsangyao and Fawson, Chris, "An Application of the Linear Expenditure Systems to the Pattern of Consumer Behavior in Taiwan" (1994). Economic Research Institute Study Papers. Paper 37.
http://digitalcommons.usu.edu/eri/37