aiElas: Computing Elasticity for Static or Dynamic AIDS Models
Description
Calculate expenditure elasticity, Marshalllian price elasticity, Hicksian price elasticity, and their variances for static or dynamic AIDS Models.
Usage
aiElas(z, digits = 3, ...)
Arguments
z
an object of class aiFit from the function of aiStaFit or aiDynFit.
digits
number of digits used in rounding outputs.
...
additional arguments to be passed.
Value
Return a list object with the following components:
namename of the share variables; the omitted share name is the last one.
expenexpenditure elasticity and related statistics.
marshMarshalllian price elasticity and related statistics.
hicksHicksian price elasticity and related statistics.
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.
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.