Income Elasticity and Economic Development

Income Elasticity and Economic Development

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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.Tsakloglou (1991) tested their underlying assumptions on the same data set ( Greek HES conducted in 1981 -82), using the ... and rediscovered the concept of the consumer specific scales originally introduced by Sydnestricker and King ( 1921). ... The quantity (1 - 6, } is the measure of specific economies of scale and {l -$, } is the measure of income economies of scale. ... Thus the major problem is to estimate the consumer unit scales, and hence this section is mainly concerned with aanbsp;...

Title:Income Elasticity and Economic Development
Author: M. Ohidul Haque
Publisher:Springer Science & Business Media - 2005-08-23

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