Engel’s approach as a tool for estimating consumer behaviour

Simple item page
dc.contributor.authorBenda-Prokeinová, Renata
dc.contributor.authorDobeš, Kamil
dc.contributor.authorMura, Ladislav
dc.contributor.authorBuleca, Ján
dc.contributor.otherEkonomická fakultacs
dc.date.accessioned2017-06-26
dc.date.available2017-06-26
dc.date.issued2017-06-15
dc.description.abstractEngel’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.en
dc.formattext
dc.format.extent15-29 strancs
dc.identifier.doi10.15240/tul/001/2017-2-002
dc.identifier.eissn2336-5604
dc.identifier.issn1212-3609
dc.identifier.urihttps://dspace.tul.cz/handle/15240/20839
dc.language.isoen
dc.publisherTechnical university of Liberec, Czech Republicen
dc.publisherTechnická Univerzita v Libercics
dc.publisher.abbreviationTUL
dc.relation.isbasedonAguirre Sotelo, J. A. M., & Block, W. E. (2014). Indifference Curve Analysis: The Correct and the Incorrect. Oeconomia Copernicana, 5(4), 7-43. doi:10.12775/OeC.2014.025.
dc.relation.isbasedonAndrejovska, A., & Banociova, A. (2014). Payment discipline in business environment. Procedia Economics and Finance, 15, 1217-1224. doi:10.1016/S2212-5671(14)00581-4.
dc.relation.isbasedonBecerra Alonso, D., Androniceanu, A., & Georgescu, I. (2016). Sensitivity and vulnerability of European countries in time of crisis based on a new approach to data clustering and curvilinear analysis. Administration and Public Management Review, 14(27), 46-61.
dc.relation.isbasedonBacik, R., Gavurova, B., & Fedorko, I. (2015). The Analysis of the Impact of Selected Marketing Communication Factors on the Online Consumer Behavior. Journal of Applied Economic Sciences, 10(7), 999-1004.
dc.relation.isbasedonBenda Prokeinova, R., & Hanova, M. (2016). Modelling consumer’s behaviour of the meat consumption in Slovakia. Agricultural Economics (Czech Republic), 62(5), 235-245. doi:10.17221/33/2015-AGRICECON.
dc.relation.isbasedonBlundell, R., Pashardes, P., & Weber, G. (1993). What Do We Learn About Consumer Demand Patterns from Micro Data? American Economic Review, 83(3), 570-597.
dc.relation.isbasedonChai, A., & Moneta, A. (2010). Retrospectives: Engel curves. Journal of Economic Perspectives, 24(1), 225-240. doi:10.1257/jep.24.1.225.
dc.relation.isbasedonCzarniewski, S. (2014). Building Customer Loyalty on the Polish Market. Economics & Sociology, 7(3), 208-222 doi:10.14254/2071-789X.2014/7-3/16.
dc.relation.isbasedonDeaton, A. S., & Muellbauer, J. (1980). An Almost Ideal Demand System. American Economic Review, 70(3), 312-336.
dc.relation.isbasedonDrucker, P. F. (1954). Concept of the Corporation. USA: John Da.
dc.relation.isbasedonDúbravská, M., Mura, L., Kotulič, R., & Novotný, J. (2015). Internationalization of Entrepreneurship – Motivating Factors: Case Study of the Slovak Republic. Acta Polytechnica Hungarica, 12(5), 121-133. doi:10.12700/APH.12.5.2015.5.7.
dc.relation.isbasedonEngel, E. (1857). Die Produktions- und Consumptionsverhältnisse des Königreichs Sachsen. Bulletin de Institut International de Statistique, 9, 1-54.
dc.relation.isbasedonEngel, E. (1895). Die Lebenskosten belgischer Arbeiterfamilien früher und jetzt. Bulletin de l’Institut International de Statistique, 9, 1-124.
dc.relation.isbasedonGavurová, B., Vagasova, T., & Kovac, V. (2016). Competitiveness Assessment of Slovak Republic Regions. European Financial System 2016: Proceedings of the 13th International Scientific Conference, 175.
dc.relation.isbasedonGombos, G., Kiss, A., Zvara, Z. (2016). Performance Analysis of a Cluster Management System with Stress Cases. Acta Polytechnica Hungarica, 13(2), 77-95. doi:10.12700/APH.13.2.2016.2.5.
dc.relation.isbasedonGrzega, U. (2015). Changes in consumption in Poland in the period of transformation. Journal of International Studies, 8(3), 152-163. doi:10.14254/2071-8330.2015/8-3/12.
dc.relation.isbasedonHayat, N., Hussain, A., & Yousaf, H. (2016). Food demand in Pakistan: Analysis and projections. South Asia Economic Journal, 17(1), 94-113. doi:10.1177/1391561415621826.
dc.relation.isbasedonHärdle, W., & Jerison, H. (1991). Cross-section Engel Curves over Time. Recherches Economiques de Louvain 57, 1525-1549.
dc.relation.isbasedonHeikkinen, T. (2015). (De)growth and welfare in an equilibrium model with heterogeneous consumers. Ecological Economics, 116, 330-340. doi:10.1016/j.ecolecon.2015.05.005.
dc.relation.isbasedonHerrnstein, R. J. (1997). The Matching Law. Cambridge, MA: Harvard University Press.
dc.relation.isbasedonHes, A., Šálková Regnerová, M., Pickar, M., Pavlů, D., Soukup, A., Turčínková, M., & Drnzíková, T. (2008). Chování spotřebitele při nákupu potravin. Praha: Alfa Nakladatelství.
dc.relation.isbasedonHildenbrand, W. (1994). Market Demand: Theory and Empirical Evidence. Princeton: Princeton University Press.
dc.relation.isbasedonHoráková, M. (2015). Consumer Behavior of College Students in the Czech Republic. Journal of Competitiveness, 7(4), 68-85. doi:10.7441/joc.2015.04.05.
dc.relation.isbasedonKahneman, D., Wakker, P. P., & Sarin, R. (1997). Back to Bentham? Explorations of experienced utility. The Quarterly Journal of Economics, 112(2), 375-405. doi:10.1162/003355397555235.
dc.relation.isbasedonKohli, A. K., & Jaworski, B. J. (1990). Market orientation: The construct, research propositions and managerial implications. Journal of Marketing. 54(2), 1-18. doi:10.2307/1251866.
dc.relation.isbasedonKotler, P., & Armstrong, G. (2004). Marketing. Praha: Grada Publishing.
dc.relation.isbasedonKoudelka, J. (2005). Segmentujeme spotřební trhy. Praha: Professional Publishing, 2005.
dc.relation.isbasedonKramoliš, J., & Drabková, M. (2012). Product scale promoting by product placement in the Czech Republic. Innovation and Sustainable Competitive Advantage: From Regional Development to World Economies – Proceedings of the 18th International Business Information Management Association Conference, 4, 1971-1982.
dc.relation.isbasedonKramoliš, J., & Kopečková, M. (2014). Characteristics of an insert product placement as a part of marketing communication. Acta Universitatis Agriculturae Et Silviculturae Mendelianae Brunensis, 62(4), 659-666. doi:10.11118/actaun201462040659.
dc.relation.isbasedonKrishna, A., & Schwarz, N. (2014). Sensory marketing, embodiment, and grounded cognition: A review and introduction. Journal of Consumer Psychology, 24(2), 159-168. doi:10.1016/j.jcps.2013.12.006.
dc.relation.isbasedonLades, L. K. (2013). Explaining shapes of Engel curves: the impact of differential satiation dynamics on consumer behavior. Journal of Evolutionary Economics, 23(5), 1023–1045. doi:10.1007/s00191-013-0324-6.
dc.relation.isbasedonLewbel, A. (1993). The Rank of Demand Systems: Theory and Nonparametric Estimation. Econometrica, 59, 711-730. doi:10.2307/2938225.
dc.relation.isbasedonLewbel, A. (2008). Engel curve. In S. N. Durlauf, L. E. Blume (Eds.), The New Palgrave Dictionary of Economics (55-58). Basingstoke: Palgrave Macmillan.
dc.relation.isbasedonManzini, P., & Mariotti, M. (2014). Stochastic Choice and Consideration Sets. Econometrica 82(3), 1153-1176. doi:10.3982/ECTA10575.
dc.relation.isbasedonMatějka, F., & McKay, A. (2015). Rational inattention to discrete choices: A new foundation for the multinomial logit model. American Economic Review, 105(1), 272-298. doi:10.1257/aer.20130047.
dc.relation.isbasedonMichalski, G. (2008). Value-based inventory management. Romanian Journal of Economic Forecasting, 9(1), 82-90.
dc.relation.isbasedonNarver, J. C., Slater, S. F. (1990). The effect of a market orientation on business profitability. Journal of Marketing. 54(4), 20-35.
dc.relation.isbasedonNovotný, J., & Duspiva, P. (2014). Faktory ovlivňujíci kupní chování spotřebitelů a jejich význam pro podniky. E&M Ekonomie a Management, 17(1), 152-166. doi:10.15240/tul/001/2014-1-012.
dc.relation.isbasedonPérez, A., García de los Salmones, M. M., & Rodríguez del Bosque, I. (2013). The effect of corporate associations on consumer behaviour. European Journal of Marketing, 47(1), 218-238. doi:10.1108/03090561311285529.
dc.relation.isbasedonPiqueras-Fiszman, B., & Jaeger, S. R. (2016). Consumer segmentation as a means to investigate emotional associations to meals. Appetite, 105(October), 249-258. doi:10.1016/j.appet.2016.05.034.
dc.relation.isbasedonPrais, S. J., & Houthakker, H. S. (1955). The Analysis of Family Budgets. Cambridge: Cambridge University Press.
dc.relation.isbasedonRaisova, M., & Durcova, J. (2014). Economic growth-supply and demand perspective. Procedia Economics and Finance, 15, 184-191. doi:10.1016/S2212-5671(14)00476-6.
dc.relation.isbasedonRypakova, M., Moravcikova, K., & Krizanova, A. (2015). Online Customer Behaviour. Marketing Identity: Digital Life, Pt II, 233-246.
dc.relation.isbasedonSaak, A. E. (2016). Optimal provision of information about consumption choices in the presence of a cognitive constraint. Economics Letters, 145(August), 25-28. doi:10.1016/j.econlet.2016.05.010.
dc.relation.isbasedonSolomon, M. R., Marshall, G. W., & Stuart, E. W. (2006). Marketing očima svetových marketing manažerů. Brno: Computer Press.
dc.relation.isbasedonŠoltés, V., & Gavurová, B. (2014). The Functionality Comparison of the Health Care Systems by the Analytical Hierarchy Process Method. E&M Ekonomie a Management, 17(3), 100-118. doi:10.15240/tul/001/2014-3-009.
dc.relation.isbasedonŠrédl, K., Soukup, A., & Severová, L. (2013). Models of Consumer’s Choice. E&M Ekonomie a Management, 16(2), 4-9.
dc.relation.isbasedonStaddon, J. E. R., & Cerutti, D. T. (2003). Operant conditioning. Annual Review of Psychology, 54, 115-144. doi:10.1146/annurev.psych.54.101601.145124.
dc.relation.isbasedonStatistical Office of SR. (2014). Household’s income and expenditure. Retrieved October 3, 2015, from http://www.statistics.sk/pls/elisw/MetaInfo.explorer?obj=42&cmd=go&s=1002&sso=2&so=40.
dc.relation.isbasedonStávková, J. (Ed.). (2006). Trendy spotřebitelského chování. Brno: Mendelova zemědělská a lesnická univerzita.
dc.relation.isbasedonSubramanyam, E. S., & Kumaraswamy, S. (1981). EOQ formula under varying marketing policies and conditions. AIIE Transactions, 13(4), 312-314.
dc.relation.isbasedonVirglerova, Z., Dobes, K., & Vojtovic, S. (2016). The Perception of the States Influence on its Business Environment in the SMEs from Czech Republic. Administration and Public Management Review, 14(26), 78-96.
dc.relation.isbasedonUlubasoglu, M., Mallick, D., Wadud, M., Hone, P., & Haszler, H. (2016). Food demand elasticities for Australia. Australian Journal of Agricultural and Resource Economics, 60(2), 177-195. doi:10.1111/1467-8489.12111.
dc.relation.isbasedonWanninayake, W.M.C. Bandara (2014). Consumer Decision-Making Styles and Local Brand Biasness: Exploration in the Czech Republic. Journal of Competitiveness, 6(1), 3-18. doi:10.7441/joc.2014.01.01.
dc.relation.isbasedonWitt, U. (2001). Learning to consume – a theory of wants and the growth of demand. Journal of Evolutionary Economics, 11(1), 23-36. doi:10.1007/PL00003851.
dc.relation.isbasedonWitt, U. (2008). What is specific about evolutionary economics? Journal of Evolutionary Economics, 18(5), 547-575. doi:10.1007/s00191-008-0107-7.
dc.relation.isbasedonWitt, U. (2010). Symbolic consumption and the social construction of product characteristics Structural Change and Economic Dynamics, 21(1), 17-25. doi:10.1016/j.strueco.2009.11.008.
dc.relation.isbasedonWitt, U. (2011). The dynamics of consumer behavior and the transition to sustainable consumption patterns. Environmental Innovation and Societal Transitions, 1(1), 109-114. doi:10.1016/j.eist.2011.03.001.
dc.relation.isbasedonWorking, H. (1943). Statistical Laws of Family Expenditure. Journal of the American Statistical Association, 38, 43-56.
dc.relation.ispartofEkonomie a Managementcs
dc.relation.ispartofEconomics and Managementen
dc.relation.isrefereedtrue
dc.rightsCC BY-NC
dc.subjectengel curveen
dc.subjectfood consumptionen
dc.subjecthouseholden
dc.subjectincome elasticityen
dc.subject.classificationD03
dc.subject.classificationD11
dc.subject.classificationD12
dc.titleEngel’s approach as a tool for estimating consumer behaviouren
dc.typeArticleen
local.accessopen
local.citation.epage29
local.citation.spage15
local.facultyFaculty of Economics
local.fulltextyes
local.relation.abbreviationE+Mcs
local.relation.abbreviationE&Men
local.relation.issue2
local.relation.volume20
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
EM_2_2017_02.pdf
Size:
1.15 MB
Format:
Adobe Portable Document Format
Description:
Článek
Download
Collections
Číslo 2