Gaiha, Raghav; Jha, Raghbendra; Kulkarni, Vani S. - Crawford School of Public Policy, Australian National … - 2010
Engel curve shifted down-especially in rural India- over the period 1993–2004. The puzzle for the longer period analysed by … capita household expenditure, across the expenditure scale, in 2004. In trying to resolve this puzzle, they are emphatic that … consumption-through both own and cross-price effects — is confirmed. Although calorieincome/ expenditure elasticities are large …