QAIDS Model Based On Russian Pseudo-panel Data: Impact of 1998 and 2008 Crises
The aim of this work is to compare shifts in the consumer behaviour of Russian households since the mid-nineties till nowadays. The research considers the consumer behaviour of the Russians over almost the maximum possible available data RLMS period, focusing on the crisis years. Special attention is paid to analysis of the effects of crises in 1998 and 2008. To reveal effects as shifts in consumer behaviour in the aftermath of two crises panel data analysis is used to estimate QAIDS model. Due to the complete sample attrition observed in RLMS dataset since 1994, pseudo-panel approach is used.