Engel curves and equivalence scales for Bangladesh

Bibliographic Data

ID12550356
AuthorsSyed Abul Hasan (0000-0002-7439-9400, Australian National University, corresponding author)
Year2016
Volume21
Issue2
Pages301-315
Publication date2016-02-22
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueJournal of the Asia Pacific Economy (JOURNAL)
Journal identifiersISSN: 1354-7860 • E-ISSN: 1469-9648
PublisherRoutledge (PUBLISHER • GB)
DOI10.1080/13547860.2015.1137471
OpenAlexW2283797776
LanguageEN
Citations received2
References cited25

This paper examines the Engel curves for major expenditure categories in Bangladesh with a particular attention to their specifications. Our semi-parametric model indicates a quadratic Engel curve for most of the expenditure categories, including food, and thus provides additional evidence to the argument for a quadratic food Engel curve for developing countries. As household expenditure increases, expenditures on some food categories like protein and non-home-made food increase at a faster rate, resulting in a quadratic food Engel curve. Our analysis demonstrates that knowledge about the correct specification of the Engel curves has important implications for modeling household responses to the negative income shocks. Such knowledge can be particularly useful for the developing countries where governments aim to protect the low-income households from such shocks

Argument (complex analysis · Developing country · Econometrics · Economic growth · Economics · Engel curve · Equivalence (formal languages · Macroeconomics · Parametric statistics · Price index · Quadratic equation · Ricardian equivalence · Statistics · Agricultural Economics and Policy · Economics of Agriculture and Food Markets · Gender, Labor, and Family Dynamics · Mathematics

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