A REGIONAL CONSUMER DEMAND MODEL FOR NEW ZEALAND*
构建并估计了新西兰六个区域的线性支出系统需求模型,发现不同区域的收入和价格弹性差异显著,表明区域就业和产出对总需求变化的反应不同。
ABSTRACT. This paper discusses the formulation and estimation of sets of demand systems for six New Zealand regions. The chosen model is based on the Linear Expenditure System, constrained in various ways to take account of interregional differences in consumer behaviour. Our results suggest that income and price elasticities of demand vary significantly between regions, suggesting that regional employment and output patterns are likely to differ in their responses to changes in aggregate demand.