Budget Share Transitions in the Netherlands, 1952–1977
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Budget share transitions and their components are displayed for 10 broad consumer goods. The decrease in the budget share of food is dramatic, the increase in the share of medical care is quite substantial.
KeywordsReal Income Income Elasticity Manageable Picture Volume Component Residual Component
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- Theil, H.: 1980, The System-Wide Approach to Microeconomics, University of Chicago Press, Chicago, Illinois.Google Scholar