Title page for ETD etd-12098-13236


Type of Document Dissertation
Author Kim, Kisung
Author's Email Address kikim@vt.edu
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
  • demand
  • shoes
  • clothing
  • demographics
Date of Defense 1998-01-30
Availability unrestricted
Abstract
1

U.S. Aggregate Demand for Clothing and Shoes, 1929-1994:

Effects of Changes in Price, Nondurables Expenditures, and Demographics

by

Kisung Kim

Dr. Marjorie J. T. Norton, Chair

Clothing and Textiles

(ABSTRACT)

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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