scholarly journals An Econometric Model of the Market for New England Groundfish

1985 ◽  
Vol 14 (2) ◽  
pp. 128-143 ◽  
Author(s):  
Stephen R. Crutchfield
Keyword(s):  
New England ◽  
Economic Model ◽  
Income Elasticity ◽  
Econometric Model ◽  
Luxury Good ◽  
Domestic Industry ◽  
Elasticity Of Demand ◽  
Multi Level ◽  
Using Data ◽  
Income Elasticity Of Demand

This paper develops an economic model of the New England groundfish market. A multi-sector, multi-level econometric model is estimated using data from 1970 to 1982. The parameters of the estimated model are used to characterize consumer demand for groundfish and related products. Retail and exvessel demands for fresh and frozen groundfish fillets are found to be highly elastic. Fresh fillets especially show high income elasticity of demand, reflecting their status as a luxury good. Only a very small and statistically weak relationship was found between the prices of imported groundfish and domestic ex vessel prices indicating that proposals to assist the domestic industry via tariffs may be ineffectual.

Environmental considerations in tax policy design

1999 ◽  
Vol 4 (1) ◽  
pp. 111-124 ◽  
Author(s):  
JOHN WHALLEY
Keyword(s):  
Tax Policy ◽  
Income Elasticity ◽  
Policy Design ◽  
Special Treatment ◽  
Recent Discussion ◽  
Luxury Good ◽  
Elasticity Of Demand ◽  
Current Thinking ◽  
Environmental Considerations ◽  
Income Elasticity Of Demand

This paper discusses how environmental considerations will affect tax policy in the decades ahead. It argues that, in the future, interactions between tax and environmental policy are likely to go well beyond recent discussion of double divided issues, and that internalization of environmental externalities via tax policy will be the goal, which inevitably will involve the particular rather than the general. As a result, notions of neutrality which dominate current thinking on tax design will come under challenge; and in ways which will go well beyond current discussion of special treatment for particular goods and industries on environmental grounds. special treatment of environmentally harmful methods of production, more so than of goods and industries as under present tax policies, will be the name of the game. Moreover, the informational requirements of such an approach to tax policy are likely to be large. The paper concludes by pointing out that if environmental quality is a luxury good, as many suppose, with income elasticity of demand greater than one, then high income households will gain disproportionately from internalization of the externalities at issue. This may fuel pressures for more redistribution elsewhere in the tax system than is currently the case.

The Income Elasticity of Demand in a Sub-Saharan African Housing Market: Evidence from Ibadan, Nigeria

1994 ◽  
Vol 26 (1) ◽  
pp. 107-119 ◽  
Author(s):  
B C Arimah
Keyword(s):  
Income Elasticity ◽  
Housing Demand ◽  
Elasticity Of Demand ◽  
Composite Product ◽  
Sub Saharan ◽  
Using Data ◽  
Income Elasticity Of Demand ◽  
The City ◽  
The Empirical Analysis ◽  
Ibadan Nigeria

Very little is known about the behaviour of housing demand in sub-Saharan housing markets. This ostensibly is due to the dearth of such studies in this region. In this paper the author estimates the parameters of the demand for housing, using data drawn from the city of Ibadan in Nigeria. The empirical analysis, in which housing is viewed as a composite product, reveals that the demand for housing is income inelastic. Specifically, income-elasticity estimates for renters and owners are 0.88 and 0.56, respectively. Furthermore, these income-elasticity estimates were found to be higher than those reported for other African cities.

India‘s Exports of Software Services

2011 ◽  
Vol 16 (3) ◽  
pp. 285-307 ◽  
Author(s):  
Rashmi Banga ◽  
Dinesh Kumar
Keyword(s):  
Productivity Growth ◽  
Income Elasticity ◽  
Demand Elasticity ◽  
It Services ◽  
Services Sector ◽  
Elasticity Of Demand ◽  
External Demand ◽  
Using Data ◽  
Income Elasticity Of Demand ◽  
Software Services

Services sector in India showed a remarkable resilience to global economic crisis and grew at a rate of 9.3 per cent explaining around 88 per cent of the growth rate in real GDP of India in 2008–09. Exportsof software services helped considerably in providing the necessary resilience. The main objective of the paper is to examine the role of external demand and productivity growth in exports of software services. Global income elasticity of demand for export of software services is estimated for the period 1970–2008. Sources of total factor productivity growth in Indian IT services firms are identified using Data Envelopment Analysis for the period 1994–95 to 2007–08. It is found that high income demand elasticity for India–s software services has contributed substantially to its growth. But more importantly, there has been a steep rise in productivity growth in the post-2000 period which is attributable mainly to technological innovation.

scholarly journals The Income Elasticity of Gambling in Australia and New Zealand

2015 ◽  
Vol 8 ◽  
Author(s):  
Jamie Davies
Keyword(s):  
New Zealand ◽  
Income Elasticity ◽  
Luxury Good ◽  
Gaming Industry ◽  
Elasticity Of Demand ◽  
Income Elasticities ◽  
Industry Sector ◽  
Alternate Hypothesis ◽  
Australian Bureau Of Statistics ◽  
Income Elasticity Of Demand

This paper analyses disposable income as it relates to consumer demand for gambling products in Australia and New Zealand from Financial years (FY) 1998 to 2008. The hypothesis is that income elasticity of demand for gambling products is greater than one i.e. gambling products are a luxury good. The alternate hypothesis is that the income elasticity of demand for gambling products are less than one and are classed as either necessity or inferior goods. Data compiled by the Queensland Treasury and Trade department, the Australian Bureau of Statistics, Statistics New Zealand and the New Zealand Department of Internal Affairs was used to calculate income elasticities for all gambling products. The results indicate that income elasticity for gambling products varies over time and is greater than one pre FY2003 and less than one post FY2003. However, once the change in market share of different gambling products and the large increase in supply in the gaming industry sector (pre FY2003) was accounted for, income elasticities were estimated to be less than one in support of the alternate hypothesis.

scholarly journals ANALISIS PERMINTAAN KEDELAI DI INDONESIA

2017 ◽  
Vol 12 (1) ◽  
pp. 42
Author(s):  
Septi Rostika Anjani ◽  
Dwidjono Hadi Darwanto ◽  
Jangkung Handoyo Mulyo
Keyword(s):  
Regression Analysis ◽  
Capita Income ◽  
Income Elasticity ◽  
Descriptive Analysis ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
Per Capita Income ◽  
Elasticity Of Demand ◽  
Per Capita ◽  
Income Elasticity Of Demand

This study aims to analyze the factors that influence the demand of soybean in Indonesia. The research method uses descriptive analysis of secondary data which includes the price of imported soybeans, the price of chicken, per capita  income,  the rate of inflation and import tariff policy  year period 1980-2013 which sourced from FAO  and  other  sources.  Estimation  of  demand  function  using  multiple  linear regression  analysis  were  transformed  in  the  form  of  natural  logarithm.  Regression analysis showed that soybean demand in Indonesia was influenced partially by prices of chicken, per capita income, and the rate of inflation. The price elasticity of demand of soybean in Indonesia is inelastic, that is equal 0,22. While the income elasticity of demand  for  soybeans  is  positive  which  means  that  soy  is  a  staple  item  for  the Indonesian people.

scholarly journals Income elasticity of demand within individual consumer groups and the level of income elasticity of the entire market demand 

2012 ◽  
Vol 52 (No. 9) ◽  
pp. 412-417
Author(s):  
P. Syrovátka
Keyword(s):  
Consumer Behaviour ◽  
Income Elasticity ◽  
Meat Products ◽  
Market Demand ◽  
Demand Functions ◽  
Elasticity Of Demand ◽  
Income Elasticities ◽  
Aggregation Equation ◽  
Application Potential ◽  
Income Elasticity Of Demand

The paper is focused on the derivation of the mathematical relationship among the income-elasticity level of the entire market demand and the income-elasticity values of the demand functions of the consumers’ groups buying on the defined market. The determination of the mathematical term was based on the linearity of the relevant demand functions. Under the linearity assumption, the income elasticity coefficient of the entire market demand equals the weighted sum of the income-demand elasticities of the differentiated consumer groups buying on the given market. The weights in the aggregation formula are defined as the related demand shares, i.e. as the proportions of the groups’ demands to the entire market demand. The derived aggregation equation is quite held if no demand interactions (e.g. the snob or fashion effect) are recorded among differentiated consumers’ groups. The derived formula was examined by using empirical data about the consumer behaviour of Czech households in the market of meat and meat products (Czech Statistical Office). However, the application potential of the achieved term for the income-elasticity aggregations is much broader within the consumer-behaviour analysis. In addition to the subject aggregations of the demand functions, we can also apply the derived formula for the analysis and estimations of the income elasticities within the demand-object aggregations, i.e. the multistage analysis of the income elasticity of consumer demand. Another possibility of the use of the aggregation equation is for the evaluations and estimations of the income elasticity of the region-demand functions in relation to the subregions’ demands or reversely.

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