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Satiation, Escaping Satiation, and Structural Change: Some Evidence from the Evolution of Engel Curves

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  • Andreas Chai
  • Alessio Moneta

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Abstract

Certain properties of Engel curves have been linked to the occurrence of structural change in the economy (Pasinetti 1981, Metcalfe et al. 2006, Saviotti 2001). From an empirical perspective, however, very little has been done to examine (i) whether indeed satiation is a general property of Engel curves; (ii) whether the rate at which Engel curves converge to satiation may significantly change over time; and (iii) how stable Engel curves are across time such that it may be appropriate to use them to make predictions about structural change. Using data from the UK Family Expenditure Survey, this paper examines these three issues. Length 25 pages

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Paper provided by Max Planck Institute of Economics, Evolutionary Economics Group in its series Papers on Economics and Evolution with number 2008-18.

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Date of creation: Jan 2009
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Handle: RePEc:esi:evopap:2008-18

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Cited by:
  1. Matteo Barigozzi & Lucia Alessi & Marco Capasso & Giorgio Fagiolo, 2008. "The Distribution of Consumption-Expenditure Budget Shares. Evidence from Italian Households," Papers on Economics and Evolution 2008-09, Max Planck Institute of Economics, Evolutionary Economics Group.
  2. Barigozzi, Matteo & Alessi, Lucia & Capasso, Marco & Fagiolo, Giorgio, 2012. "The distribution of household consumption-expenditure budget shares," Structural Change and Economic Dynamics, Elsevier, vol. 23(1), pages 69-91.
  3. Corinna Manig & Alessio Moneta, 2009. "More Or Better? Measuring Quality Versus Quantity In Food Consumption," Papers on Economics and Evolution 2009-13, Max Planck Institute of Economics, Evolutionary Economics Group.

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