Open Collections

The demand for durables, nondurables, services and the supply of labour in Canada : 1946-1969

University of British Columbia

A Generalized Leontief Inverse Indirect Utility Function and its estimation are discussed; a data base compatible with the requirements of the function is created, and we attempt to estimate postwar Canadian preferences (for consumption with and without the simultaneous supply of labour). The parameters of the function are estimated in a two-stage (generalized) least squares procedure due to Zellner [1961]. The empirical results indicate that the functional form behaves rather well and our estimated expenditure shares and elasticities of substitution between goods seem to conform to our theoretical expectations.

Text

2011-04-07

For non-commercial purposes only, such as research, private study and education. Additional conditions apply, see Terms of Use https://open.library.ubc.ca/terms_of_use.

http://hdl.handle.net/2429/33421

Economics

University of British Columbia

Graduate