Kakeigary Wong

Kakeigary Wong
University of Macau · Department of Economics

Doctor of Philosophy

About

19
Publications
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67
Citations

Publications

Publications (19)
Article
Full-text available
We propose a new methodology to estimate empirically the input price-induced technical change and total factor productivity (TFP) growth in China. Our primary goal is to test Hicks’ induced innovation hypothesis by examining whether technical change in China has been induced by sharp increase in input prices that have accompanied its rapid economic...
Article
Full-text available
This paper presents a new mixed demand model for measuring the value of public goods in an intertemporal optimization framework. From the specification of an indirect utility function allowing for public goods, direct demand functions for private goods are derived and estimated jointly with the Euler equation for intertemporal consumption behavior,...
Research
Full-text available
We propose a new methodology to estimate empirically the input price-induced technical change and total factor productivity (TFP) growth in China. Our primary goal is to test Hicks' induced innovation hypothesis by examining whether technical change in China has been induced by sharp increase in input prices that have accompanied its rapid economic...
Article
Full-text available
This paper integrates seemingly disjoint studies on consumer behavior in micro and macroanalyses via an intertemporal two-stage budgeting procedure with durable goods and liquidity constraints. The model specifies an indirect utility function as a function of nondurable consumption, commodity (nondurables) prices, and durables stock, and derives th...
Article
This study provides an empirical analysis of the impact of changes in income distribution on food demand in China using data from China Health and Nutrition Survey. A new parametric form of an inverse demand system is introduced and estimated taking into account reported zero consumption. This new form is a natural extension of recent works that ac...
Conference Paper
Full-text available
This study provides an empirical analysis of the impact of changes in income distribution on food demand in China using data from China Health and Nutrition Survey. A new parametric form of an inverse demand system is introduced and estimated taking into account of reported zero consumption. This new form is a natural extension of recent works by B...
Article
In this study, meat and fish consumption is depicted in the form of inverse demand systems taking into consideration the intertemporal consumption behaviour presented in the data. The concept of intertemporal two‐stage budgeting process is applied to this system which explicitly incorporates intertemporal consumption behaviour as summarized by the...
Article
This article introduces a new representation of trade preferences termed as the trade distance function, which measures the maximum amount by which import quantities must be deflated or inflated to reach the indifference surface. The properties of this function are discussed and employed to derive systems of inverse demand for imported goods. We il...
Article
We introduce new definition and estimation procedures of trade benefit functions that allow researchers to generate estimable import share functions. The method is based on the work of N. H. Chau and R. Färe [J. Econ. Theory 146, No. 4, 1631–1663 (2011; Zbl 1247.91111)], while it is more general in permitting the estimation of Hicksian import share...
Article
This article presents and estimates demand systems by explicitly incorporating intertemporal consumption behavior as summarized by the Euler equation. Demand systems are characterized by two indirect utility functions which are effectively globally regular and can better approximate nonlinear Engel curves. Furthermore, an exact and nonlinear Euler...
Article
This paper utilizes the notion of `effective global regularity' and the intuition stemming from Cooper and McLaren (1996)'s General Exponential Form to develop a family of `composite' (product and ratio) direct, inverse and mixed demand systems. Apart from having larger regularity regions, the resulting specifications are also of potentially arbitr...
Article
In this article, we advocate more extensive use of the benefit function in specifying price-dependent or inverse demand models. We demonstrate how duality theory may be used to establish the interrelationships between the Marshallian (or Hicksian) inverse demands and Luenberger’s adjusted price functions, allowing estimable inverse demands to be de...
Article
In this article we advocate more extensive use of the benefit function in specifying price-dependent or inverse demand models. In particular, we demonstrate how duality theory may be used to establish the inter-relationships between the Marshallian (or Hicksian) inverse demands and Luenberger's adjusted price functions, allowing estimable inverse d...
Article
Full-text available
In this paper, we utilize the notion of "effective global regularity" and the intuition stemming from Cooper and McLaren (1996)'s General Exponential Form to develop a family of "composite" (product and ratio) direct, inverse and mixed demand systems. Apart from having larger regularity regions, the resulting specifications are also of potentially...
Article
Mixed demand systems have been virtually ignored in empirical work solely because derivation of these systems requires closed forms for both direct and indirect utility functions. This article proposes the alternative of using a conditional cost function to generate empirical mixed demand models. This approach allows the estimation of mixed demand...
Article
To allow realistic policy simulations in a changing environment, inverse demand systems must remain regular over substantial variations in quantities. The distance function is a convenient vehicle for generating such systems. While its use directly yields Hicksian inverse demand functions, those functions will not usually have an explicit represent...
Article
This paper first demonstrates that two-stage technologies together with Lewbel's modifying function framework can provide a general procedure for combining profit functions and nominal value-added functions to obtain new specifications of GNP functions suitable for empirical trade analysis. Next, it illustrates the usefulness of this procedure by p...
Article
A new procedure is proposed for re-examining the assumption of additivity of preferences over time which, although untenable, is usually maintained in intertemporal analyses of consumption and labour supply. The method is an extension of a famous work by Browning. However, it is more general in permitting the estimation of intertemporal demand syst...
Article
Full-text available
The material contained herein is supplementary to the article named in the title and published in the American Journal of Agricultural Economics.

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