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Title: How should Engel's law be formulated?
Authors: Chakrabarty, Manisha
Hildenbrand, Werner
Keywords: Budget data
Engel's law
Negative stochastic association
Nonparametric regression
Issue Date: 2016
Publisher: SCOPUS
European Journal of the History of Economic Thought
Series/Report no.: 23(5)
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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