Search Results - subject:"Income elasticity"

Hjertstrand, Per - 2020

This paper proposes a simple non-parametric framework to calculate income elasticities from a data set of observed prices and consumed quantities without having to estimate any parameters. The framework can be applied when the price-quantity data satisfies a revealed preference axiom called the...

Persistent link: https://www.econbiz.de/10012615392

Price, Income and Cross-elasticity of Crude Oil Demand : A VECM approach to Indian Economy

Kaushik, Nikhil; Kumar, Sunil - 2020

The paper attempts to establish short-run as well as long-run relationship among crude oil consumption, international crude oil prices, GDP, domestic crude oil production, coal production and exchange rate in India. The study employs vector error correction model over the time span from 2001 to...

Persistent link: https://www.econbiz.de/10014031295

The Role of Income and Substitution in Commodity Demand

Baffes, John - 2020

This paper presents estimates of time-varying income elasticities of demand for energy and metal commodities. The analysis finds that the elasticities are close to unity, evaluated at world median per capita income levels. Furthermore, the estimates confirm that as income rises, demand growth...

Persistent link: https://www.econbiz.de/10012843248

Income Elasticity of Demand versus Consumption : Implications for Energy Policy Analysis

Ghoddusi, Hamed - 2020

The income elasticity of consumption depends not only on the demand function but also on the characteristics of the …, the income elasticity of equilibrium consumption will be less than the income elasticity of demand, with the difference … individual-level estimates of the income elasticity of demand to aggregate values can produce biased estimates with erroneous and …

Persistent link: https://www.econbiz.de/10012847753

Time-Varying Income and Price Elasticities for Energy Demand : Evidence from a Middle-Income (Primarily Non-OECD) Panel

Liddle, Brantley - 2020

elasticity for energy demand is either insignificant or positive and small. While the income elasticity for energy demand behaves …

Persistent link: https://www.econbiz.de/10012848796

Modelling Time-Varying Income Elasticities of Health Care Expenditure for the OECD

Casas, Isabel - 2020

Income elasticity dynamics of health expenditure is considered for the OECD and the Eurozone over the period 1995 … increase in the income elasticity for the OECD and a small increase for the Eurozone …

Persistent link: https://www.econbiz.de/10012851178