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Spline Functions: An Alternative to Estimating Income-Expenditure Relationships for Beef

Published online by Cambridge University Press:  28 April 2015

Chung-Liang Huang  and
Robert Raunikar
Chung-Liang Huang
Affiliation:
Department of Agricultural Economics, University of Georgia, College of Agriculture, Georgia Experiment Station, Experiment, Georgia
Robert Raunikar
Affiliation:
Department of Agricultural Economics, University of Georgia, College of Agriculture, Georgia Experiment Station, Experiment, Georgia
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Extract

Income-expenditure relationships are important components in many economic models used to project food expenditure and to understand food-expenditure behavior. The empirical estimation of income-expenditure relations has concentrated on the effects of income in explaining the variations of the household food expenditure. However, the problem of structural or parametric homogeneity for Engel curves in the analysis of household food expenditure behavior has received less attention in the applied demand literature.

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 13 , Issue 1 , July 1981 , pp. 105 - 110
Copyright
Copyright © Southern Agricultural Economics Association 1981

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