TY - JOUR
T1 - Empirical issues in the computation of Stone-Lewbel price indexes in censored micro-level demand systems
AU - Moro, Daniele
AU - Castellari, Elena
AU - Sckokai, Paolo
PY - 2018
Y1 - 2018
N2 - In this article, we propose an empirical method for the computation of the StoneâLewbel (SL) price index for product aggregates, when censored samples with zero expenditures are available from household budget surveys. The proposed technique is based on a regression imputation method that takes into account the price dynamics, therefore, allowing to disentangle the role of demographics from the role of prices in computing the SL index. Our simulations seem to indicate that our method is a valuable alternative.
AB - In this article, we propose an empirical method for the computation of the StoneâLewbel (SL) price index for product aggregates, when censored samples with zero expenditures are available from household budget surveys. The proposed technique is based on a regression imputation method that takes into account the price dynamics, therefore, allowing to disentangle the role of demographics from the role of prices in computing the SL index. Our simulations seem to indicate that our method is a valuable alternative.
KW - Economics and Econometrics
KW - StoneâLewbel price indexes
KW - censored data
KW - demand estimation
KW - household budget survey
KW - Economics and Econometrics
KW - StoneâLewbel price indexes
KW - censored data
KW - demand estimation
KW - household budget survey
UR - http://hdl.handle.net/10807/112825
UR - http://www.tandf.co.uk/journals/titles/13504851.asp
U2 - 10.1080/13504851.2017.1346353
DO - 10.1080/13504851.2017.1346353
M3 - Article
SN - 1350-4851
VL - 25
SP - 557
EP - 561
JO - Applied Economics Letters
JF - Applied Economics Letters
ER -