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To promote transparency and provide information, the Federal Planning Bureau regularly publishes the methods and results of its works. The publications are organised in different series, such as Outlooks, Working Papers and Planning Papers. Some reports can be consulted here, along with the Short Term Update newsletters that were published until 2015. You can search our publications by theme, publication type, author and year.
This paper presents an allocation model of Belgian household consumption over 23 categories of goods and services. We have formulated and estimated an extension of the classic Almost Ideal Demand System. The original model has been modified by introducing a dynamic adjustment mechanism and by the inclusion of demographic variables. These capture shifts in consumption patterns related to the changing age composition of the population. The paper is an extension of earlier work (Willemé, 2008), in particular with respect to the number and composition of the consumption categories considered.
The Working Paper presents a study or analysis conducted by the Federal Planning Bureau on its own initiative.
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JEL
Methodology and History of Economic Thought > History of Economic Thought since 1925 > Econometrics; Quantitative Studies [B23]
Mathematical and Quantitative Methods > Econometric Methods: Single Equation Models > Time-Series Models [C22]
Mathematical and Quantitative Methods > Econometric Modeling > Model Construction and Estimation [C51]
Microeconomics > Household Behavior > General [D10]
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