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Price and Income Elasticities in LAC Countries: The Importance of Domestic Production

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Academic year: 2021

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Table 1 and 2 show the results of the monetary and full income elasticities. In the case of Ecuador, most goods have a unitary demand that is, an increase in income generates a proportional increase of demand for goods which is due (according to the additi
Table 2: Full Income Elasticities by Education Level
Table 3: Full Own-Price Elasticities, Whole Sample
Table 4: Compensated Own-Full Price Elasticities by Education Level
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