Endogeneity and Fruit Vegetable Demand in the Philippines
作者
Tongjoo Suh,Taehoo Kim
出处
期刊:농업경영·정책연구日期:2021-06-30卷期号:48 (2): 218-236
标识
DOI:10.30805/kjamp.2021.48.2.218
摘要
In this paper, QUAIDS analysis was carried out to examine the demand system of vegetables in the Philippines, with casting light on the endogenous issues for a more rigorous discussion. As a result of comparing the model controlling for the endogeneity and the model without controlling for the endogeneity, the percent difference between elasticities of two models was shown up to 187%. This result suggests that price and expenditure endogeneities have a significant influence on estimates in the demand system, and the result implies that this may lead to inconsistent estimates when demand analysis does not control for endogeneity.