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
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: Suggested Citation