decompositions to demonstrate that (i) in all countries except Austria, the income elasticity of health is positive and increases … inequality, health inequality, income elasticity of health, Europe. Classification-JEL: D30, D31, I10, I12. …

Direct Investment, Income Elasticity, Trade Shares, Automated Specification. * Corresponding author. E-mail address is …

= (6) First, we derive from (4) the income elasticity: 0 w )m,x(E i i i > α … Income elasticity Agrifood 0.3809 0.859 Manufacturing 0.2527 0.214 0.020 1.073 Services 0.3664 0.238 0.023 1.096 It … follows that the income elasticity of “Agrifood” is lower than one, which means that it is a necessary commodity, confirming …

Direct Investment, Income Elasticity, Trade Shares, Automated Specification. * Corresponding author. E-mail address is …