A NEW STRATEGY FOR TESTING CONVERGENCE IN TASTES
2000
Moro, Daniele | Sckokai, Paolo | Mazzocchi, Mario
A test for convergence in food tastes based on the estimation of a time-varying-parameter demand system is proposed; the test uses a notion of convergence in time series that looks at equality in the long-term forecasts of parameter estimates through cointegration techniques. An empirical application is provided.
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