La Elasticidad Ingreso Del Consumo Cultural En Cali (The Income Elasticity of Culture Consumption in Cali)

Revista de Economia Institucional Vol. 14, No. 27, 2012

28 Pages Posted: 11 Dec 2012

See all articles by Luisa Bernat

Luisa Bernat

affiliation not provided to SSRN

Jhon James Mora

Universidad Icesi; Universidad ICESI; Universidad ICESI - Economics & Management

Blanca Zuluaga

KU Leuven - Center for Economic Studies; Universidad ICESI - Economics & Management

Date Written: 2012

Abstract

This article analyzes the consumption of culture in Cali (Colombia), by estimating the income elasticity of cultural demand. The results correspond exclusively to a group of cultural goods and services, unlike previous contributions where calculations have been made for education and culture together. By using the Incomes and Expenditures Survey of 2010, we found that the elasticity of the cultural demand is close to unity (0.99), but different from one at 95% of statistical significance. For this reason, we cannot categorically assert that cultural goods and services are luxury goods.

Note: Downloadable document is in Spanish.

Keywords: income elasticity, cultural consumption, demand of culture

JEL Classification: Z1, Z11

Suggested Citation

Bernat, Luisa and Mora Rodriguez, Jhon James and Mora Rodriguez, Jhon James and Mora Rodriguez, Jhon James and Zuluaga, Blanca and Zuluaga, Blanca, La Elasticidad Ingreso Del Consumo Cultural En Cali (The Income Elasticity of Culture Consumption in Cali) (2012). Revista de Economia Institucional Vol. 14, No. 27, 2012, Available at SSRN: https://ssrn.com/abstract=2187340

Luisa Bernat (Contact Author)

affiliation not provided to SSRN ( email )

Jhon James Mora Rodriguez

Universidad ICESI - Economics & Management ( email )

Cali
Colombia

Universidad Icesi ( email )

Calle 18 #122-135
A.A. 25608
Cali
Colombia
5552334 ext 419 (Phone)

HOME PAGE: http://www.icesi.edu.co/~jjmora/

Universidad ICESI ( email )

Calle 18 #122-135
A.A. 25608
Cali
Colombia
5552334 ext 419 (Phone)

HOME PAGE: http://www.icesi.edu.co/~jjmora/

Blanca Zuluaga

Universidad ICESI - Economics & Management ( email )

Cali
Colombia

KU Leuven - Center for Economic Studies ( email )

Naamsestraat 69
Leuven, B-3000
Belgium

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