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|Title:||How should Engel's law be formulated?|
Negative stochastic association
European Journal of the History of Economic Thought
|Abstract:||Engel's law expresses a �negative stochastic association� of income and the proportion of income that is spent on food. However, there are many quite different notions of �negative stochastic association� and consequently there are different ways of defining Engel's law. We relate these different concepts to Engel's original statistical analysis and show that one must give credit to Engel for the first non-parametric statistical analysis of budget-data. � 2015 Taylor & Francis.|
|Description:||Chakrabarty, Manisha, Indian Institute of Management Calcutta, Economics Group, D.H., Road, Joka, Kolkata 104, India; Hildenbrand, Werner, University of Bonn, Economics, Bonn, Germany|
ISSN/ISBN - 09672567
DOI - 10.1080/09672567.2015.1050045
|Appears in Collections:||Economics|
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