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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Consumer demand in South Africa
Authors:Selvanathan, E.A.ISNI
Selvanathan, SarojaISNI
Year:2003
Periodical:South African Journal of Economics
Volume:71
Issue:2
Pages:325-344
Language:English
Geographic term:South Africa
Subjects:household budget
consumption
External link:https://onlinelibrary.wiley.com/doi/10.1111/j.1813-6982.2003.tb01311.x/pdf
Abstract:This paper identifies the major determinants of the consumption characteristics in South Africa using the system-wide approach (H. Theil, 1975-1976, 1980) together with the most recent consumption data for the period 1960-2001. The results show that, on average, South African consumers allocate about one third of their income to food and about half of their income to food, clothing and housing combined. They also spend about 13 percent on furniture, 4 percent on medical care, 15 percent on transport, 6 percent on recreation and education and the remaining 8 percent on all other things. Furthermore, the South African consumption data support the 'law of demand'. Based on the estimation results, it was found that food, housing and medical care are necessities, and clothing, furniture, transport and recreation are luxuries. Demand for all the commodities are price inelastic. Bibliogr. [ASC Leiden abstract]
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