Omitted variables, dynamic specification and tests for homogeneity

This note examines the sensitivity of tests for homogeneity in demand systems to such factors as omitted variables and dynamic and stochastic specification. It estimates demand systems for Ireland using time-series data for different unconditional demand systems with differing dynamic and stochastic specification and also estimates a conditional demand system, thus attempting to reconcile disparate results from previous work in this area.

A hard copy is available in UCD Library at GEN 330.08 IR/UNI