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Title:Satiation, escaping satiation, and structural change: Some evidence from the evolution of Engel curves PDF Logo
Authors:Chai, Andreas
Moneta, Alessio
Issue Date:2008
Series/Report no.:Papers on economics and evolution 0818
Abstract:Certain properties of Engel curves have been linked to the occurrence of structural change in the economy (Pasinetti 1981, Metcalfe et al. 2006, Saviotti 2001). From an empirical perspective, however, very little has been done to examine (i) whether indeed satiation is a general property of Engel curves; (ii) whether the rate at which Engel curves converge to satiation may significantly change over time; and (iii) how stable Engel curves are across time such that it may be appropriate to use them to make predictions about structural change. Using data from the UK Family Expenditure Survey, this paper examines these three issues.
Document Type:Working Paper
Appears in Collections:Papers on Economics and Evolution, MPI für Ökonomik

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