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What is Consumer Behavior in Taiwan: LES Study about?

This study examines consumer behavior in Taiwan from 1951 to 1990 using a linear expenditure system model. The model specifies demand for 7 major expenditure categories and is estimated using time series budget survey data. The results provide price and expenditure elasticity estimates that have important implications for government policies relating to prices, subsidies, and standards of living in Taiwan. The linear expenditure system fits the data well and reveals systematic tendencies in Taiwanese consum

Author

Sonali Mishra

Language

EN