Journal of Economic Theory and Econometrics: Journal of the Korean Econometric Society
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Journal of Economic Theory and Econometrics
JETEM/계량경제학보/計量經濟學報/JKES
Journal of the Korean Econometric Society

An assessment of the performance of a spatial Engel curve methodology and its implication in real inequality

Vol.28, No.2, June , 55–83


English Version |  Korean Version
  •   (Department of Economics, Seoul National University)

  •   (Department of Economics, Seoul National University)

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Abstract  

We provide an assessment of the performance of an Engel curve methodology for estimating spatial price indices. We use a unique spatial price data and two conventional price index computation methods, binary Tornqvist and weighted country product dummy method for an ideal assessment of a spatial Engel curve. Poor performance of spatial Engel curve method for estimating spatial price indices implies a strong need for collecting direct spatial price data for calculating spatial price indices. We also provide some implications of a precise measurement of spatial price indices in implementing real inequality and poverty related policies.


Keywords
   Spatial price index, Engel curve method

JEL classification codes
   D12, E31,P36
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