Economics Research Institute Study Paper
Utah State University Department of Economics
Copyright for this work is held by the author. Transmission or reproduction of materials protected by copyright beyond that allowed by fair use requires the written permission of the copyright owners. Works not in the public domain cannot be commercially exploited without permission of the copyright owner. Responsibility for any use rests exclusively with the user. For more information contact the Institutional Repository Librarian at firstname.lastname@example.org.
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.
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.