aiElas function

Computing Elasticity for Static or Dynamic AIDS Models

Calculate expenditure elasticity, Marshalllian price elasticity, Hicksian price elasticity, and their variances for static or dynamic AIDS Models.

aiElas(z, ...)

Arguments

• z: an object of class aiFit from the function of aiStaFit or aiDynFit.
• ...: additional arguments to be passed to bsTab, e.g., digits = 3.

Details

Calculate expenditure elasticity, Marshalllian price elasticity, and Hicksian price elasticity for static or dynamic AIDS Models. The related variance, t-ratio, p-value, and significance are also reported.

Returns

Return a list object with the following components: - name: name of the share variables; the omitted share name is the last one.

• expen: expenditure elasticity and related statistics.

• marsh: Marshalllian price elasticity and related statistics.

• hicks: Hicksian price elasticity and related statistics.

References

Wan, Y., C. Sun, and D.L. Grebner. 2010. Analysis of import demand for wooden beds in the United States. Journal of Agricultural and Applied Economics 42(4):643-658.

Author(s)

Changyou Sun (edwinsun258@gmail.com )

See Also

aiStaFit; aiDynFit.

Examples

# see the examples for 'aiDynFit'.