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文章基本信息

  • 标题:Is the Lottery Product an Inferior Good in Higher Income Countries?
  • 本地全文:下载
  • 作者:Maria João Kaizeler ; Horácio C. Faustino
  • 期刊名称:International Journal of Economics and Finance
  • 印刷版ISSN:1916-971X
  • 电子版ISSN:1916-9728
  • 出版年度:2011
  • 卷号:3
  • 期号:4
  • 页码:54
  • DOI:10.5539/ijef.v3n4p54
  • 出版社:Canadian Center of Science and Education
  • 摘要:

    Do the populations of low per-capita income countries participate with a stronger desire to win and spend relatively more money on lottery products? Is such a desire to buy lottery products constant, or does it decrease when the country reaches a higher per-capita income class? To answer these questions, this paper uses econometric models with significant explanatory variables. The results confirm the hypothesis that the lower income-class countries spend more than the higher income-class countries. However, the results do not confirm the hypothesis that lottery products may be considered an inferior good in countries belonging to the higher per-capita income class. The results also show that for all countries, there is an inverted U relationship between per-capita sales and per-capita GDP and up to a specific value, the per-capita lottery sales decrease as per-capita GDP increases, becoming an inferior good as a result.

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