The quality of consumption in rich and poor countries
Part of the Advanced Studies in Theoretical and Applied Econometrics book series (ASTA, volume 30)
We define the quality of the consumer’s basket in terms of its luxury — necessity composition. The measure is applied to 30 countries in 1975, varying in affluence from the USA to India.
KeywordsQuality Index Poor Country Average Price Income Elasticity Utility Measurement
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