ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Application of the Linear Expenditure System to NSS Data-Some Further Results

to NSS Data Some Further Results Pushpam Joseph This paper compares, from the point of view of quality of predictions, two alternative demand functions, namely, (i) the most commonly used constant elasticity function and (ii) the Linear Expenditure System (LES). the LES was first introduced by Stone [1] and applied to Indian data by the present writer [2]. Some results were also published in Rudra's "Relative Rates of Growth : Agriculture and Industry" [3].

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