An Empirical Analysis of Income Elasticity of Out-of-Pocket Healthcare Expenditure in Mauritius

A free universal healthcare provision exists in Mauritius. Yet the share of out-of-pocket healthcare expenditure out of total household expenditure has been growing over time. This study estimates income elasticity of out-of-pocket healthcare expenditure using Mauritian household data within an Engel curve framework. In the absence of longitudinal data on out-of-pocket healthcare expenditure patterns, the study proposes the application of the pseudo-panel approach using cross-sectional Household Budget Survey waves from 1996/97 to 2017. Income elasticity of out-of-pocket healthcare expenditure is estimated to be 0.938, which is just below unity. This implies that out-of-pocket healthcare demand is not considered to be a luxury, but a necessity in Mauritius. In order to see the differences in income elasticities by income groups, separate regressions are estimated for each income quartile over different years. The results indicate that income elasticities of out-of-pocket healthcare expenditure vary non-monotonically.

How the Income Elasticity of Meat Consumption differs between social groups? A case of the UK and the Czech Republic

The purpose of the article is to show different consumer behaviour between ten different income levels (deciles) and different countries and to examine the elasticity distance between income deciles in the UK (a high-income country) and the Czech Republic (a low-income country) within the context of meat consumption. The official statistic services provided data in the Czech Republic (Czech Statistical Office, 2020) and the UK (Office for National Statistics, 2020). Data on the Czech Republic come from the household budget surveys (HBS). In contrast, corresponding data on UK consumers was drawn from the Living Costs and Food survey, which succeeded the National food survey and household expenditure survey. Both sets of data were set according to households’ structure from the EU-SILC Survey (national module of the European Union – Statistics on Income and Living Conditions). To estimate the income elasticity of meat in the Czech Republic and the United Kingdom in different consumer income groups, a time series cointegration analysis was applied to analyse the annual data for 2000-2017. The Törnquist equation and the difference between income elasticity in monetary and natural expression show saturation and preference of high quality meat in the higher-income consumers in the UK than the same groups in the Czech Republic and overall increasing demand for quality in other income groups. The results support the theory of nutrition transitions. The value of the research is that it would enable the exploration of the potential impact and nature of fiscal interventions for improving diets whilst enabling food producers to forecast meat consumption within the different customer segments.

Impact of Population Age Structure on Food Consumption Structure of Residents in Beijing

Based on the Beijing panel data from 1990 to 2019, this paper expands the traditional Almost Ideal Demand System (AIDS) model by introducing the nutritional needs indicators by age structure and quantitatively analyzes the structure and characteristics of household food consumption in Beijing. The study estimates and compares the income elasticity, price elasticity, nutritional demand elasticity of food consumption structure, and the per capita food consumption in Beijing is predicted. The results show that commodity prices and income are still the key factors affecting consumer demand. The change in the population's age structure also has a corresponding impact on the consumption structure. The consumption structure of Beijing is in the stage of optimization, and relevant departments should formulate relevant policies to increase farmers' income and stabilize prices.

The income elasticity of lottery revisited: a worldwide perspective

Using panel data information from The WLA Global Lottery Data Compendium this paper estimates aggregate demand functions for lottery tickets in order to examine variation in the income elasticity of lottery tickets worldwide. The analysis uses a panel data quantile regression approach. The estimated elasticities are compared across income quartiles and world regions. The results provide evidence that a significant variation in the income elasticities across both geographic areas and the income distribution exists. Also, a clear heterogeneity in the incidence of lottery expenditures is observed. Overall, it is found that lottery is a normal good.

The Income Elasticity of Gross Sports Betting Revenues in Nevada: Short-Run and Long-Run Estimates

In May 2018, the Supreme Court overturned the Professional and Amateur Sports Protection Act, thereby allowing all states to offer sports betting. Prior to this, Nevada was the only state with unrestricted sports betting. Using sports betting data from Nevada, we estimate long-run and short-run income elasticities to determine the growth and volatility of sports betting as a tax base. Sports gambling grows at a similar rate as state income and is stable and insensitive to short-run shocks to income. However, the amount of money kept by casinos, and hence the state, is small compared to other traditional tax bases.

How to be sustainable in beef consumption – Exploring the factors. Case study

The aim of the paper is to explain beef consumption through the economic indicators and the prediction tendencies of beef consumption. There are countries like Slovakia that confirm the opposite trend despite the global trend of consumption growth. In terms of the ecosystems' sustainability, beef production should be adjusted accordingly, as in the case of Slovakia. We focus on the economic aspect of beef consumption from the perspective of sustainability. Commodity prices are considered to be a significant factor influencing consumption and the behaviour of beef consumers. Despite increasing income in Slovakia, consumption of beef covers only 30% of recommended doses in the year 2018. To achieve the objective of the research, we decided to use the calculation of price and income elasticity of food demand using the Almost Ideal Demand System (AIDS) model to analyse meat consumption trends. The findings confirm that beef consumption will decline in Slovakia in the following years, and it will be progressively replaced by pork and poultry meat.

PERMINTAAN DAGING SAPI DI PROVINSI RIAU

The husbandry sub-sector is a source of supporting energy for human needs, especially beef. Beef is a food commodity that has had an impact on improving public nutrition, especially animal protein. This study aims to analyze the development of beef demand and variables that influence it in Riau, the factors that influence beef demand in Riau Province, and the price elasticity, income elasticity, and cross elasticity of factors affecting meat demand beef in Riau Province. This research used the literature study. The data used in this research was data time series from 1999 to 2015. Data were analyzed using descriptive statistics, multiple linear regression, and elasticity. The results showed that the overall average development of beef demand, beef prices, chicken meat prices, rice prices, population income, and the population increased during the period. The factors that significantly influence the demand for beef were the price of beef and the price of rice. Meanwhile, the price of chicken meat, the income of the population, and the population had no significant to the demand for beef. The results of the elasticity calculation of demand showed that beef prices, rice prices, and population income were responsive to beef demand. This indicates that changes in beef prices, rice prices, and population income had a major impact on changes in demand for beef.

Determinants of German and Japanese Exports: A Comparative Study

This study investigates the determinants of German and Japanese exports in a comparative fashion. By estimating an autoregressive distributed lag model for each country, we find that the income elasticity of Japanese exports is three times as large as that of Germany’s exports. This relative insensitivity to external demand explains why Germany has maintained its export growth whereas Japanese exports started to stagnate after the global financial crisis. Because Germany adopted the euro in 1999, it was able to maintain large trade surpluses. If Germany had instead kept the Deutsche Mark (DM), the DM would have appreciated owing to the Central Bank of Germany’s consistent preference for a tight monetary policy, and Germany’s trade surpluses would have dissipated. A sharp increase in Japanese foreign direct investment after 2011 has also played a role in reducing Japanese exports after the global financial crisis.