Income Elasticity and Economic Development

This volume is mainly concerned with methods of estimating income elasticity. It is connected with economic development that can be achieved by reducing income inequality, a highly relevant subject in today's world for a wide range of policy areas.

Résumé

Income Elasticity and Economic Development: Methods and Applications is mainly concerned with methods of estimating income elasticity. This field is connected with economic development that can be achieved by reducing income inequality. This is highly relevant in today's world, where the gap between rich and poor is widening with the growth of economic development. Income Elasticity and Economic Development: Methods and Applications provides a good example in showing how to calculate income elasticity, using a number of methods from widely available grouped data. Some of the techniques presented here can be used in a wide range of policy areas in all developed, developing and under-developed countries. Policy analysts, economists, business analysts and market researchers will find this book very useful.

Contenu
Australian Household Expenditure Surveys.- Functional Forms for Engel Curves.- Problems in Non-Linear Engel Functions.- The Box-Cox Engel Function.- A Review of Personal Income Distribution.- Elasticity from Concentration Curves.- Estimating Increase in Consumer Demand.- Food Demand Analysis in Australia.- Demand for Transport and Communication.- Demand for Alcohol in Australia.- Consumers' Equivalence Scales: A Review.- Conclusions.