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|Title:||Lottery Sales and Per-capita GDP: An Inverted U relationship|
|Authors:||Kaiseler, Maria João|
Faustino, Horácio C.
|Publisher:||ISEG – Departamento de Economia|
|Citation:||Kaiseler, Maria João e Horácio C. Faustino. 2008. "Lottery Sales and Per-capita GDP: An Inverted U relationship". Instituto Superior de Economia e Gestão - DE Working papers nº 41-2008/DE/SOCIUS|
|Abstract:||The main purpose of this study is to test the hypothesis that the relationship between per-capita sales and per-capita GDP is given by an inverted U. The paper considers that lottery sales increase together with increases in GDP up to a point where a country has reached a level at which the GDP is high enough and lottery sales become an inferior good and as a result, start to decrease. As there are other determinants of the expenditure on lottery products, the paper introduces into the regression analysis other explanatory factors as control variables. The paper uses a cross-country regression, using 2004 data for 80 countries. The results confirm the hypothesis, in addition to yielding other interesting findings: countries with higher levels of education sell fewer lottery products; lottery sales increase together with increases in the male to female ratio.|
|Appears in Collections:||DE - Documentos de trabalho / Working Papers|
SOCIUS - Documentos de Trabalho / SOCIUS - Working Papers
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