Book Chapter

Applications in Economics

Fry, Tim

2011

Overview

This chapter contains sections titled: Introduction Consumer Demand Systems Miscellaneous Applications Compositional Time Series New Directions Conclusion References

• Publisher: John Wiley & Sons, Ltd
• Subject: applications in economics ‐ focus on shares of total, or compositional data / areas in economics, compositional data analysis techniques used ‐ and data analysed / common measures of income inequality ‐ as Gini coefficients, constructed using income share data / compositional data analysis techniques ‐ in studies of income distribution / compositional time series ‐ focus on methodological developments / consumer demand systems ‐ analysis of data on consumer demand, in economics / dominant area of application ‐ that of consumer demand systems / economists, and attention ‐ to choosing utility functions, using ‘dual’ approach / researchers, in economics ignoring ‐ compositional nature of data, rarely applying tools of compositional data analysis to problems / use of log‐ratio transformations like the alr ‐ appropriate, observed share data not including zeros
• ISBN: 0470711353, 9780470711354