Are tortillas a Giffen Good in Mexico?
AbstractJensen and Miller (2001) have recently demonstrated rice and noodles to be Giffen Goods among the poor in South and North China respectively. We examine whether tortillas, the main staple in Mexico, are also a Giffen Good. The large income change due to the 1995 Peso Crisis and the large tortilla price increase arising from the removal of government subsidies provide an ideal environment for this test. We find tortillas to be an inferior good, but not a Giffen Good.
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Bibliographic InfoArticle provided by AccessEcon in its journal Economics Bulletin.
Volume (Year): 15 (2002)
Issue (Month): 1 ()
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Find related papers by JEL classification:
- O1 - Economic Development, Technological Change, and Growth - - Economic Development
- D1 - Microeconomics - - Household Behavior
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"Quadratic Engel Curves And Consumer Demand,"
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