A Multi-Stage Almost Ideal Demand System : The Case of Beef Demand in Colombia

@inproceedings{Ramreza2013AMA,
  title={A Multi-Stage Almost Ideal Demand System : The Case of Beef Demand in Colombia},
  author={Andr{\'e}s Ram{\'i}reza and Andres Ramirez},
  year={2013}
}
The main objective in this paper is to obtain reliable long-term and shortterm elasticities estimates of the beef demand in Colombia using quarterly data since 1998 until 2007. However, complexity on the decision process of consumption should be taken into account, since expenditure on a particular good is sequential. In the case of beef demand in Colombia, a Multi-Stage process is proposed based on an Almost Ideal Demand System (AIDS). The econometric novelty in this paper is to estimate… CONTINUE READING

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