In the study of Giffen behavior or "Giffenity", there remains a paradox. On one hand, the Wold-Juréen (Demand analysis: A study in Econometrics, 1953) utility function has been touted as the progenitor of a multi-decade search for those two-good, particular utility functions, which exhibit...

Estimates of household size economies are needed for the analysis of poverty and inequality. This paper shows that Engel estimates of size economies are large when household expenditures are obtained by respondent recall but small when expenditures are obtained by daily recording in diaries....

This paper turns the static Engel Curve model of consumption into a dynamic interactive theory of growth. It explains why some countries remain trapped in the vicious circle of low income and low consumption, and works out how some others can move to higher income ground. Thrifty consumption and...

This study examines the Turkish crude oil import demand for the period of 1970-2013. Unlike earlier studies on Turkey, we tested the income and price elasticities of crude oil demand with structural breaks. In empirical analysis, the income and the price of crude oil used as a function of crude...