International Consumption Comparisons
E. A. Selvanathan, S. SelvanathanISBN: 9810240058;
This book presents an analysis of consumption patterns in the OECD (rich) and LDC (poor) countries using recent data (1950?1998) and econometric methodology for a number of broadly aggregated consumer goods. The income elasticity estimates for the 46 countries and 9 commodity groups are tabulated. The reliability of these elasticity estimates, and also the demand theory hypotheses, are investigated using simulation techniques.
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