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Terence Wales

Researcher at University of British Columbia

Publications -  60
Citations -  7701

Terence Wales is an academic researcher from University of British Columbia. The author has contributed to research in topics: Curvature & Higher education. The author has an hindex of 34, co-authored 60 publications receiving 7577 citations.

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Demand System Specification and Estimation

TL;DR: In this article, the authors present a book on demand analysis that links economic theory to empirical analysis, showing how theory can be used to specify equation systems suitable for empirical analysis and estimating demand systems using both per capita time series data and household budget data.
Book

Demand System Specification and Estimation

TL;DR: In this article, the authors explore the principal issues involved in bridging the gap between the pure theory of consumer behavior and its empirical implementation, focusing on the structure of preferences, demographic variables, the treatment of dynamics, and the specification of the stochastic structure of the demand system.
Posted Content

Estimation of Complete Demand Systems from Household Budget Data: The Linear and Quadratic Expenditure Systems

TL;DR: In this paper, the authors explore two issues in empirical demand analysis: the estimation of complete systems of demand equations using household budget data and the incorporation of demographic characteristics into such systems.
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Estimation of the linear expenditure system

Robert A. Pollak, +1 more
- 01 Oct 1969 - 
TL;DR: In this paper, the authors estimate a complete system of demand equations making full use of the restrictions implied by economic theory, based on the Klein-Rubin linear expenditure system which was first estimated by Stone.
Journal ArticleDOI

On the flexibility of flexible functional forms: An empirical approach∗

TL;DR: The authors analyzes empirically the ability of the Translog and Generalized Leontief functional forms to approximate the Constant Elasticity of Substitution utility functions over a range of observations.