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Persistent link: https://www.econbiz.de/10013425775
As their incomes rise, Chinese consumers are changing their diets and demanding greater quality, convenience, and safety in food. Food expenditures grow faster than quantities purchased as income rises, suggesting that consumers with higher incomes purchase more expensive foods. The top-earning...
Persistent link: https://www.econbiz.de/10013131558
There are significant disparities in the wealth of nations and how incomes are spent. For example, consumers in the poorest countries spend more than half of income on food, whilein the richest countries, this is one-tenth or less. We use the recently published data from theInternational...
Persistent link: https://www.econbiz.de/10013314137
By representing a system of budget shares as an approximate factor model we determine its rank, i.e. the number of common functional forms, or factors, spanning the space of Engel curves. Once the common factors are estimated via approximate principal components, we identify them by imposing...
Persistent link: https://www.econbiz.de/10008809309
Employing a unique dataset that covers households from six West African capitals, this paper provides new evidence on the demand for informal sector products and services. We first investigate whether demand linkages exist between formal and informal products and distribution channels, and...
Persistent link: https://www.econbiz.de/10008841724
consumption-pattern based inequality index that summarizes the projection of inequality through expenditure patterns. Estimation …
Persistent link: https://www.econbiz.de/10011338007
We analyze Engel curves for nuclear households in rural China. The sample includes more than 5000 nuclear families covering nineteen out of thirty Chinese provinces. We consider expenditures on food, also subdivided into several food subcategories such as cereals, or meat and fish, and other...
Persistent link: https://www.econbiz.de/10011339086
The paper uses micro cross-section data from the GfK consumer panel for econometric demand analysis of private households in Germany. Contrary to most research which considered "average" behavior we extend this approach to consumer behavior for different "intensities" of consumption. Our...
Persistent link: https://www.econbiz.de/10011516607
This paper applies revealed preference theory to the nonparametric statistical analysis of consumer demand. Knowledge of expansion paths is shown to improve the power of nonparametric tests of revealed preference. The tightest bounds on indifference surfaces and welfare measures are derived...
Persistent link: https://www.econbiz.de/10011537533
Modern consumer theories are built upon the premise of the forward looking behavior of households. While most of the empirical studies at micro level are based on Euler equation, there have been few to estimate the household consumption function and test the implication of forward looking...
Persistent link: https://www.econbiz.de/10011539196