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The consistent estimation of income elasticity of environmental amenities in Uruguay

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  • Daniel Miles

    (Universidad de Vigo)

  • Andrés Pereyra

    (Universidad de Uruguay)

  • Máximo Rossi

    (Universidad de Uruguay)

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, 1994 - 1995, are used.

Suggested Citation

  • Daniel Miles & Andrés Pereyra & Máximo Rossi, 2002. "The consistent estimation of income elasticity of environmental amenities in Uruguay," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 17(1), pages 67-89.
    • Handle: RePEc:emx:esteco:v:17:y:2002:i:1:p:67-89
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    Cited by:

    1. Amit K. Bhandari & Almas Heshmati, 2009. "Willingness to Pay for Biodiversity Conservation," TEMEP Discussion Papers 200938, Seoul National University; Technology Management, Economics, and Policy Program (TEMEP), revised Dec 2009.
    2. Tarek Ghalwash, 2008. "Demand for Environmental Quality: An Empirical Analysis of Consumer Behavior in Sweden," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 41(1), pages 71-87, September.

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