Title of article
Intertemporal substitution and nonhomothetic preferences
Author/Authors
Masakatsu Okubo، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2008
Pages
7
From page
41
To page
47
Abstract
This study uses a model with nonseparable and nonhomothetic preferences to estimate the intertemporal elasticity of substitution (IES). We show that, while the assumption of homotheticity is strongly rejected, the estimated IES is positive and significant
Keywords
cointegration , Nonhomothetic preferences , Intertemporal elasticity of substitution , Generalized method of moments
Journal title
Economics Letters
Serial Year
2008
Journal title
Economics Letters
Record number
436365
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