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Income Elasticity of Environmental Amenities

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  • Daniel Miles

    () (Departmento de Economía Aplicada, Universidad de Vigo, España.)

  • Andrés Pereyra

    () (Departmento de Economía, Facultad de Ciencias Sociales, Universidad de la República)

  • Máximo Rossi

    () (Departmento de Economía, Facultad de Ciencias Sociales, Universidad de la República)

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 are common in microeconomic data and are not usually considered in the applied literature related with this issue. Our aim is to discuss whether the measurement error has signi…cant e¤ects on the elasticities. Data from the Expenditure Budget Survey of Uruguay (1996) are used.

Suggested Citation

  • Daniel Miles & Andrés Pereyra & Máximo Rossi, 2000. "Income Elasticity of Environmental Amenities," Documentos de Trabajo (working papers) 0200, Department of Economics - dECON.
  • Handle: RePEc:ude:wpaper:0200
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    File URL: http://decon.edu.uy/publica/2000/Doc0200.pdf
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    References listed on IDEAS

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    1. Dora L. Costa, 1997. "Less of a Luxury: The Rise of Recreation since 1888," NBER Working Papers 6054, National Bureau of Economic Research, Inc.
    2. 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.
    3. Lewbel, Arthur, 1996. "Demand Estimation with Expenditure Measurement Errors on the Left and Right Hand Side," The Review of Economics and Statistics, MIT Press, vol. 78(4), pages 718-725, November.
    4. Bengt Kristrom & Pere Riera, 1996. "Is the income elasticity of environmental improvements less than one?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 7(1), pages 45-55, January.
    5. Hausman, J. A. & Newey, W. K. & Powell, J. L., 1995. "Nonlinear errors in variables Estimation of some Engel curves," Journal of Econometrics, Elsevier, vol. 65(1), pages 205-233, January.
    6. 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.
    7. 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.
    8. 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.
    9. 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.
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