Engel’s approach as a tool for estimating consumer behaviour

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F17%3A63516282" target="_blank" >RIV/70883521:28120/17:63516282 - isvavai.cz</a>

Výsledek na webu

<a href="http://dx.doi.org/10.15240/tul/001/2017-2-002" target="_blank" >http://dx.doi.org/10.15240/tul/001/2017-2-002</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.15240/tul/001/2017-2-002" target="_blank" >10.15240/tul/001/2017-2-002</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Engel’s approach as a tool for estimating consumer behaviour

Popis výsledku v původním jazyce

Engel’s approach to consumption plays an important role in theoretical economics. There is thus strong empirical and theoretical interest to analyze the cross-section Engel function of real populations. A prerequisite of any economic interpretation is a reasonable estimation of these curves from given cross-section data containing households’ expenditures and income. In submitted paper the Engel curves computation was applied on the Slovak household’s income and expenditure. A double-log specification of the Engel’s function has been chosen in order to estimate the expenditure elasticity of households by using an economic status of households’ head at work for each household by children per person. The household Budget Survey of the Slovak Statistical office was used for the period 2004-2014. Analysis of income elasticity demonstrated negative correlation of food expenditure in Slovak households and the number of children in all food groups of the consumer basket classified as necessary goods. Examination of the households based on the economic activity of their head (employee, self-employed, retired, and others) showed differences in availability of various food groups for the households (inferior, necessary, luxury goods). Increased amount of food groups were included within the luxury category in following order: the households with self-employed head, employed household head, and retirees. Households without children have meat and fats &amp; oils included in the category inferior goods, other types of households according to the number of children considered all types of food in the consumer basket as necessary goods. Results provide deeper knowledge about consumers’ behavior of Slovak households.

Název v anglickém jazyce

Engel’s approach as a tool for estimating consumer behaviour

Popis výsledku anglicky

Engel’s approach to consumption plays an important role in theoretical economics. There is thus strong empirical and theoretical interest to analyze the cross-section Engel function of real populations. A prerequisite of any economic interpretation is a reasonable estimation of these curves from given cross-section data containing households’ expenditures and income. In submitted paper the Engel curves computation was applied on the Slovak household’s income and expenditure. A double-log specification of the Engel’s function has been chosen in order to estimate the expenditure elasticity of households by using an economic status of households’ head at work for each household by children per person. The household Budget Survey of the Slovak Statistical office was used for the period 2004-2014. Analysis of income elasticity demonstrated negative correlation of food expenditure in Slovak households and the number of children in all food groups of the consumer basket classified as necessary goods. Examination of the households based on the economic activity of their head (employee, self-employed, retired, and others) showed differences in availability of various food groups for the households (inferior, necessary, luxury goods). Increased amount of food groups were included within the luxury category in following order: the households with self-employed head, employed household head, and retirees. Households without children have meat and fats &amp; oils included in the category inferior goods, other types of households according to the number of children considered all types of food in the consumer basket as necessary goods. Results provide deeper knowledge about consumers’ behavior of Slovak households.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Rok uplatnění

2017

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

E+M. Ekonomie a Management

ISSN

1212-3609

e-ISSN

—

Svazek periodika

20

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

15

Strana od-do

15-29

Kód UT WoS článku

000405644600002

EID výsledku v databázi Scopus

2-s2.0-85021272369