Type of Document Dissertation Author Kim, Kisung Author's Email Address email@example.com URN etd-12098-13236 Title U.S. aggregate demand for clothing and shoes, 1929-1994: Effects of changes in price, nondurables expenditures, and demographics Degree PhD Department Clothing and Textiles Advisory Committee
Advisor Name Title Norton, Marjorie J. T. Committee Chair Chen-Yu, Jessie H. Committee Member Garman, E. Thomas Committee Member Myers, Lester H. Committee Member Peterson, Everett B. Committee Member Keywords
- budget shares
Date of Defense 1998-01-30 Availability unrestricted Abstract1
U.S. Aggregate Demand for Clothing and Shoes, 1929-1994:
Effects of Changes in Price, Nondurables Expenditures, and Demographics
Dr. Marjorie J. T. Norton, Chair
Clothing and Textiles
The main objective of this study was to evaluate the effects of the changes in total
nondurables expenditures, prices, and demographics on the U.S. aggregate demand for
clothing categories and shoes. In particular, this study focused on identifying and
parameterizing the effects of such changes. To this purpose, a demand system for two
clothing categories, shoes, and other nondurable commodities for the U.S. was estimated
using aggregate time-series data sets (1929-1994), and a second-stage budgeting model
was developed and estimated. The basis for the demand model was the Almost Ideal
Demand System model, which was modified to account for the demographic effects.
Demographic variables included in the final model were age distribution of the U.S.
population (median age and variance), proportion of non-White population in the total
U.S. population, and labor force participation rate of U.S. women. The main data sources
were documents published by the Bureau of the Census, Bureau of Labor Statistics, and
Bureau of Economic Analysis in the U.S. Department of Commerce.
The results indicate that the total nondurables expenditures is a significant
variable in determining consumers' nondurables expenditure allocation on clothing
categories and shoes. The estimated total expenditure elasticities suggest that the clothing
categories and shoes are expenditure elastic, ranging from 1.1019 to 1.4944. Most own
and cross prices appear to be significant variables in determining the consumer budget
allocations for clothing categories and shoes. The median age and non-White population
variables evidence as significant variables that affect the U.S. aggregate nondurables
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