The consistent estimation of income elasticity of environmental amenities in Uruguay

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The consistent estimation of income elasticity of environmental amenities in Uruguay

Author Info

Daniel Miles (Universidad de Vigo)
Andrés Pereyra (Universidad de Uruguay)
Máximo Rossi (Universidad de Uruguay)

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Abstract

In this paper we are concerned with the estimation of income elasticities of environmental amenities. The novelty is the application of econometric methods that take into account the problem of measurement errors when estimating these elasticities, which is common in microeconomic data and is not usually considered in the applied literature related to this issue. Our aim is to discuss whether measurement errors have significant effects on income elasticities. Data from the { Expenditure Budget Survey of Uruguay, 1994 - 1995, are used.

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Article provided by El Colegio de México, Centro de Estudios Económicos in its journal Estudios Económicos.

Volume (Year): 17 (2002)
Issue (Month): 1 ()
Pages: 67-89
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Handle: RePEc:emx:esteco:v:17:y:2002:i:1:p:67-89

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

Fry, V. & Pashardes, P., 1992. "An Almost Ideal Quadratic Logarithmic Demand System for the Analysis of Micro Data," Economics Series Working Papers 99145, University of Oxford, Department of Economics.
Nicholas E. Flores & Richard T. Carson, 1995. "The Relationship Between the Income Elasticities of Demand and Willingness to Pay," University of California at San Diego, Economics Working Paper Series 95-31, Department of Economics, UC San Diego.
Other versions:
- Flores, Nicholas E. & Carson, Richard T., 1997. "The Relationship between the Income Elasticities of Demand and Willingness to Pay," Journal of Environmental Economics and Management, Elsevier, vol. 33(3), pages 287-295, July. [Downloadable!] (restricted)
Meghir, Costas & Robin, Jean-Marc, 1992. "Frequency of purchase and the estimation of demand systems," Journal of Econometrics, Elsevier, vol. 53(1-3), pages 53-85. [Downloadable!] (restricted)
Dora L. Costa, 1997. "Less of a Luxury: The Rise of Recreation since 1888," NBER Working Papers 6054, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
James Banks & Richard Blundell & Arthur Lewbel, 1997. "Quadratic Engel Curves And Consumer Demand," The Review of Economics and Statistics, MIT Press, vol. 79(4), pages 527-539, November. [Downloadable!] (restricted)
Hausman, Jerry A. & Newey, Whitney K. & Ichimura, Hidehiko & Powell, James L., 1991. "Identification and estimation of polynomial errors-in-variables models," Journal of Econometrics, Elsevier, vol. 50(3), pages 273-295, December. [Downloadable!] (restricted)

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(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

Tarek Ghalwash, 2008. "Demand for Environmental Quality: An Empirical Analysis of Consumer Behavior in Sweden," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 41(1), pages 71-87, September. [Downloadable!] (restricted)

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