International Consumption Comparisons: OECD Versus LDC

International Consumption Comparisons: OECD Versus LDC
ISBN-10
9810240058
ISBN-13
9789810240059
Category
Business & Economics
Pages
325
Language
English
Published
2003
Publisher
World Scientific
Authors
E. Antony Selvanathan, Saroja Selvanathan

Description

This book presents an analysis of consumption patterns in the OECD (rich) and LDC (poor) countries using recent data (1960-1996) and econometric methodology for a number of broadly aggregated consumer goods. The income elasticity estimates for the 50 or so countries and 10 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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