Engel Curves in Medellin’s Households 2012-2015
This paper analyzes and characterizes the consumer behavior and the consumption patterns in Medellin’s households. We made the analysis based on the Engel curves for urban households, which relates the total expenditure to expenditure in specific goods. We perform three empirical models: semiparamet...
| Main Authors: | , |
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| Format: | Online |
| Language: | spa |
| Published: |
Universidad Pedagógica y Tecnológica de Colombia
2019
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| Online Access: | https://revistas.uptc.edu.co/index.php/cenes/article/view/8479 |
| _version_ | 1801705961419702272 |
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| author | Barrientos-Marin, Jorge Arango-Sánchez, Efraín |
| author_facet | Barrientos-Marin, Jorge Arango-Sánchez, Efraín |
| author_sort | Barrientos-Marin, Jorge |
| collection | OJS |
| description | This paper analyzes and characterizes the consumer behavior and the consumption patterns in Medellin’s households. We made the analysis based on the Engel curves for urban households, which relates the total expenditure to expenditure in specific goods. We perform three empirical models: semiparametric models to capture non-linearities, instrumental variables model because of the endogeneity and Tobit models due to censoring of the dependent variable. We concluded that food and beverage, tobacco and clothing and footwear, respond to the Engel Law, and depending on the expenditure segment in which the families are located, those goods could be normal, inferior or luxury. |
| format | Online |
| id | oai:oai.revistas.uptc.edu.co:article-8479 |
| institution | Revista Apuntes del Cenes |
| language | spa |
| publishDate | 2019 |
| publisher | Universidad Pedagógica y Tecnológica de Colombia |
| record_format | ojs |
| spelling | oai:oai.revistas.uptc.edu.co:article-84792022-06-17T21:35:19Z Engel Curves in Medellin’s Households 2012-2015 La curva de Engel de los hogares en Medellín, Colombia 2012-2015 Barrientos-Marin, Jorge Arango-Sánchez, Efraín Engels’ Law expenditure income endogeneity instrumental variable data censoring econometrics ley de Engel gasto ingreso endogeneidad variable instrumental datos censurados econometría This paper analyzes and characterizes the consumer behavior and the consumption patterns in Medellin’s households. We made the analysis based on the Engel curves for urban households, which relates the total expenditure to expenditure in specific goods. We perform three empirical models: semiparametric models to capture non-linearities, instrumental variables model because of the endogeneity and Tobit models due to censoring of the dependent variable. We concluded that food and beverage, tobacco and clothing and footwear, respond to the Engel Law, and depending on the expenditure segment in which the families are located, those goods could be normal, inferior or luxury. Este artículo analiza y caracteriza el comportamiento del gasto y los patrones de consumo de los hogares de Medellín. El análisis se basa en la curva de Engel para hogares, la cual relaciona el gasto total con el gasto específico en ciertos bienes. Se recurrió a una metodología empírica basada en tres modelos: modelos semiparamétricos, para capturar no-linealidades, modelos de variables instrumentales y modelos Tobit. Se concluye que los bienes en alimentación, bebida y tabaco y vestido y calzado, responden a la ley de Engel, y dependiendo del segmento de gasto en el cual se ubiquen las familias, para algunas será un bien normal o inferior o de lujo. Universidad Pedagógica y Tecnológica de Colombia 2019-08-20 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer reviewed Article application/pdf text/xml https://revistas.uptc.edu.co/index.php/cenes/article/view/8479 10.19053/01203053.v38.n68.2019.8479 Apuntes del Cenes; Vol. 38 No. 68 (2019); 185-212 Apuntes del Cenes; Vol. 38 Núm. 68 (2019); 185-212 2256-5779 0120-3053 spa https://revistas.uptc.edu.co/index.php/cenes/article/view/8479/8385 https://revistas.uptc.edu.co/index.php/cenes/article/view/8479/11193 Copyright (c) 2019 Jorge Barrientos-Marin, Efraín Arango-Sánchez http://creativecommons.org/licenses/by-nc-sa/4.0 |
| spellingShingle | Engels’ Law expenditure income endogeneity instrumental variable data censoring econometrics ley de Engel gasto ingreso endogeneidad variable instrumental datos censurados econometría Barrientos-Marin, Jorge Arango-Sánchez, Efraín Engel Curves in Medellin’s Households 2012-2015 |
| title | Engel Curves in Medellin’s Households 2012-2015 |
| title_alt | La curva de Engel de los hogares en Medellín, Colombia 2012-2015 |
| title_full | Engel Curves in Medellin’s Households 2012-2015 |
| title_fullStr | Engel Curves in Medellin’s Households 2012-2015 |
| title_full_unstemmed | Engel Curves in Medellin’s Households 2012-2015 |
| title_short | Engel Curves in Medellin’s Households 2012-2015 |
| title_sort | engel curves in medellin s households 2012 2015 |
| topic | Engels’ Law expenditure income endogeneity instrumental variable data censoring econometrics ley de Engel gasto ingreso endogeneidad variable instrumental datos censurados econometría |
| topic_facet | Engels’ Law expenditure income endogeneity instrumental variable data censoring econometrics ley de Engel gasto ingreso endogeneidad variable instrumental datos censurados econometría |
| url | https://revistas.uptc.edu.co/index.php/cenes/article/view/8479 |
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