Renda e Preço: Análise dos Determinantes do Consumo de Bens de Luxo

Mariana Klahold Lippi (), Paulo Scalco and Marcos Inácio Severo de Almeida ()
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Mariana Klahold Lippi: FACE-UFG, Ciências Econômicas
Marcos Inácio Severo de Almeida: FACE-UFG, Administração

No 29, Working papers - Textos para Discussao do Curso de Ciencias Economicas da UFG from Curso de Ciencias Economicas da Universidade Federal de Goias - FACE

Abstract: The present article aimed to analyze the determinants of demand for luxury goods imported by Brazil. To achieve this objective, more than one thousand imported goods were chosen after a preliminary research on brazilian imported Products NCM (Mercosur Common Nomenclature) Table. Two hypotheses about the determinants of demand were tested – price and income. Real Exchange rate and Growth Domestic Product (GDP) were used as proxy for price and income. Results shown that only income were statistically significant in determining the demand. The elasticity-direct income of demand was equal to 1.36 in short run and 1.89 in long run. The results are in consonance with economic theory, marketing theory and Leibenstein’s nonfunctional demand concept.

Keywords: Demand determinants; Luxury goods; Nonfuncional demand. (search for similar items in EconPapers)
Pages: 23 pages
Date: 2011-12
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Persistent link: https://EconPapers.repec.org/RePEc:ufb:wpaper:029

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