Nonparametric estimation of Engel curves in Greece

Panos Fousekis and Panagiotis Lazaridis ()

Global Business and Economics Review, 2001, vol. 3, issue 2, 272-286

Abstract: The objective of this paper is the empirical determination of the shape of the Engel curves in Greece. To this end, we use micro-level data from the 1993/94 Family Budget Survey, the nonparametric Nadaraya-Watson estimator, and specification tests which are consistent in the direction of general nonparametric alternatives. The empirical results suggest that the Working-Leser hypothesis provides an adequate parametric specification of the Engel curves for the nine commodities considered in the paper.

Keywords: Engel curves; Greece; nonparametric estimation; household consumption behaviour; total consumption expenditure. (search for similar items in EconPapers)
Date: 2001
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