The purpose of this paper is to investigate factors that affect the PRIDE automobile demandin Iran. We used Almost Ideal Demand System (AIDS) model and Seemingly Unrelated Regression (SUR) method in the period of 2004-2008 monthly. Results indicate that the price elasticity of PRIDE is -2.59 and -2.46 in long-run and short-run, respectively. The income elasticity of PRIDE is 4.06 and 4.32 in long-run and short-run, respectively. In addition results show that PRIDE automobile is substitutable with 1600cc automobiles and public transportation, and complementable with petrol and other cars. Also, forecasting results show the share of PRIDE automobile in households' expenditure will decrease during 2010-2012. Therefore PRIDE automobile demand comes near to the saturation point.
Estimating and Forecasting of Pride Automobile Demand in Iran: Almost Ideal Demand System Approach
2012
Aufsatz (Zeitschrift)
Elektronische Ressource
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