Esposito, Piero; Vicarelli, Claudio - Dipartimento di Economia e Finanza (DEF), Libera … - 2011
A recent study argues that the contraction in total trade that occurred during the crisis was mainly driven by the fall in high quality goods, which should have higher income elasticity owing to a non-linear Engel curve. Our aims are, on the one hand, to test the quality Engel curve assumption...