Abstract
The paper aims at developing a complete set of income and
price elasticities of household consumption and saving for Pakistan by
applying the Extended Linear Expenditure System (ELES) to the data of
the 1979 Household Income and Expenditure Survey. Items like Rent on
Housing, Furniture & Fixture, Education, Recreation, and Traveling
& Transportation were found to be income-elastic as well as fairly
sensitive to changes in (own) prices. As regards the cross-price
effects, food prices turned out to be the most important determinant of
demand for all other commodities and also of total expenditure (hence of
saving). Expenditure on education is particularly affected by the rising
cost of food.
Publisher
Pakistan Institute of Development Economics (PIDE)
Subject
Development,Geography, Planning and Development
Cited by
4 articles.
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