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：2014
卷号：3
期号：4
页码：54
DOI：10.5539/ijef.v3n4p54
语种：English
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.
