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Engel’s approach as a tool for estimating consumer behaviour

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dc.title Engel’s approach as a tool for estimating consumer behaviour en
dc.contributor.author Benda-Prokeinová, Renata
dc.contributor.author Dobeš, Kamil
dc.contributor.author Mura, Ladislav
dc.contributor.author Buleca, Ján
dc.relation.ispartof E a M Ekonomie a Management
dc.identifier.issn 1212-3609 OCLC, Ulrich, Sherpa/RoMEO, JCR
dc.date.issued 2017
utb.relation.volume 20
utb.relation.issue 2
dc.citation.spage 15
dc.citation.epage 29
dc.type article
dc.language.iso en
dc.publisher Technical University of Liberec
dc.identifier.doi 10.15240/tul/001/2017-2-002
dc.relation.uri https://dspace.tul.cz/handle/15240/20839
dc.subject Engel curve en
dc.subject Food consumption en
dc.subject Household en
dc.subject Income elasticity en
dc.description.abstract Engel’s approach to consumption plays an important role in theoretical economics. There is thus strong empirical and theoretical interest to analyze the cross-section Engel function of real populations. A prerequisite of any economic interpretation is a reasonable estimation of these curves from given cross-section data containing households’ expenditures and income. In submitted paper the Engel curves computation was applied on the Slovak household’s income and expenditure. A double-log specification of the Engel’s function has been chosen in order to estimate the expenditure elasticity of households by using an economic status of households’ head at work for each household by children per person. The household Budget Survey of the Slovak Statistical office was used for the period 2004-2014. Analysis of income elasticity demonstrated negative correlation of food expenditure in Slovak households and the number of children in all food groups of the consumer basket classified as necessary goods. Examination of the households based on the economic activity of their head (employee, self-employed, retired, and others) showed differences in availability of various food groups for the households (inferior, necessary, luxury goods). Increased amount of food groups were included within the luxury category in following order: the households with self-employed head, employed household head, and retirees. Households without children have meat and fats & oils included in the category inferior goods, other types of households according to the number of children considered all types of food in the consumer basket as necessary goods. Results provide deeper knowledge about consumers’ behavior of Slovak households. © 2017, Technical University of Liberec. All rights reserved. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1007237
utb.identifier.obdid 43876616
utb.identifier.scopus 2-s2.0-85021272369
utb.identifier.wok 000405644600002
utb.source j-scopus
dc.date.accessioned 2017-09-03T21:40:04Z
dc.date.available 2017-09-03T21:40:04Z
utb.contributor.internalauthor Dobeš, Kamil
utb.fulltext.affiliation Renata Benda-Prokeinová, Kamil Dobeš, Ladislav Mura, Ján Buleca Ing. Renata Benda-Prokeinová, PhD. Slovak University of Agriculture in Nitra Faculty of Economics and Management Department of Statistics and Operation Research renata.prokeinova@uniag.sk Ing. Kamil Dobeš, Ph.D. Tomas Bata University in Zlín Faculty of Management and Economics Department of Economics dobes@fame.utb.cz doc. PhDr. Ing. Ladislav Mura, PhD. Pan-European University in Bratislava Faculty of Economics and Business Department of International Entrepreneurship ladislav.mura@gmail.com doc. Ing. MVDr. Ján Buleca, PhD. Technical University of Košice Faculty of Economics Department of Finance jan.buleca@tuke.sk
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utb.scopus.affiliation Slovak University of Agriculture in Nitra, Faculty of Economics and Management, Department of Statistics and Operation Research, Slovakia; Tomas Bata University in Zlín, Faculty of Management and Economics Department of Economics, Czech Republic; Pan-European University in Bratislava, Faculty of Economics and Business, Department of International Entrepreneurship, Slovakia; Technical University of Košice, Faculty of Economics, Department of Finance, United States
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