Total expenditure elasticity of non-durable consumption of European households
Simone Salotti,
Letizia Montinari,
Antonio Amores and
José Rueda-Cantuche
No JRC94405, JRC Research Reports from Joint Research Centre
Abstract:
This document presents the results of an empirical analysis carried out in order to estimate total expenditure elasticities for the household consumption module of the FIDELIO model. The estimates are based on survey data for the following six European countries: Austria, France, Italy, Slovakia, Spain, and the UK. The analysis deals with twelve categories of non-durable consumption: four energy- and eight non-energy-related goods and services. Results appear to be in line with the comparable elasticity estimates of the existing literature. Socio-demographic controls related to both household characteristics and housing conditions offer interesting additional results that may be useful at a later stage of the analysis with the FIDELIO model.
Keywords: Income elasticity; household consumption; non-durable goods; survey data (search for similar items in EconPapers)
JEL-codes: C21 D12 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2015-11
New Economics Papers: this item is included in nep-eec
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Citations: View citations in EconPapers (11)
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Persistent link: https://EconPapers.repec.org/RePEc:ipt:iptwpa:jrc94405
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