The Consistent Estimation of Income Elasticity of Environmental Amenities in Uruguay

Estudios Economicos, Vol. 17, No. 1, January-June 2002

25 Pages Posted: 21 Jul 2002

See all articles by Maximo Rossi

Maximo Rossi

Departamento de Economía, dECON; Universidad de la Republica - Department of Economics

Daniel Miles

University of Vigo - Faculty of Economics and Business

Andrés Pereyra

Universidad de la Republica - Departamento de Economía (dECON)

Abstract

In this paper we are concerned with the estimation of income elasticities of environmental amenities. The novelty is the application of econometric methods that take into account the problem of measurement errors when estimating these elasticities, which is common in microeconomic data and is not usually considered in the applied literature related to this issue. Our aim is to discuss whether measurement errors have significant effects on income elasticities. Data from the Expenditure Budget Survey of Uruguay (1996) are used.

Keywords: income elasticity, measurement errors

JEL Classification: C1, D1

Suggested Citation

Rossi, Maximo and Miles, Daniel and Pereyra, Andrés, The Consistent Estimation of Income Elasticity of Environmental Amenities in Uruguay. Estudios Economicos, Vol. 17, No. 1, January-June 2002, Available at SSRN: https://ssrn.com/abstract=309580 or http://dx.doi.org/10.2139/ssrn.309580

Maximo Rossi (Contact Author)

Departamento de Economía, dECON ( email )

Facultad de Ciencias Sociales
Jose E. Rodo 1854
Montevideo 11200, 11200
Uruguay
59824106449 (Phone)
59824106450 (Fax)

HOME PAGE: http://Http://www.decon.edu.uy/~mito

Universidad de la Republica - Department of Economics ( email )

Constituyente 1502 Piso 6º
Montevideo, 11200
Uruguay
+598 2 4106449 (Phone)
+598 2 4106450 (Fax)

HOME PAGE: http://decon.edu.uy/~mito/pagina

Daniel Miles

University of Vigo - Faculty of Economics and Business ( email )

As Lagoas Marcosende s/n
36200 Vigo
Spain

Andrés Pereyra

Universidad de la Republica - Departamento de Economía (dECON) ( email )

Jose E. Rodo 1854
CP 11200 Montevideo, 11200
Uruguay
+598 2 4017707 (Phone)
+598 2 4081917 (Fax)

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