Comparison of Time-Series and Cross-Sectional Elasticities



In this chapter, we undertake a comparison of the elasticities estimated from the NIPA time-series data with their counterparts estimated in earlier chapters from the BLS consumer expenditure surveys. Two comparisons will be made. The first is of total-expenditure elasticities for the CES 29 categories of expenditure analyzed in Chapter 11, while the second is of both total-expenditure and price elasticities at the CES 6-category level analyzed in Chapter 6. In both cases, comparison is to steady-state NIPA elasticities.


Price Elasticity Consumption Expenditure Real Expenditure Total Housing Early Chapter 
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© Springer Science+Business Media, LLC 2010

Authors and Affiliations

  1. 1.Department of EconomicsUniversity of ArizonaTucsonUSA

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