Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5060991 | Economics Letters | 2011 | 4 Pages |
Abstract
When asset indices are used in regressions the coefficients obtained are typically difficult to interpret. We show how lower bounds on expenditure effects can be extracted, if the relationship between the assets and expenditure can be calibrated on an auxiliary data set.
Research Highlights⺠Calibrated asset indices can be used to estimate lower bounds on expenditure effects. ⺠Results are more meaningful than coefficients from arbitrarily scaled indices. ⺠Body mass increases significantly with household expenditure in South Africa.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Martin Wittenberg,