Kaizeler, Maria João and Faustino, Horácio Crespo (2012) Lottery Sales and Per-capita GDP: An Inverted U Relationship. British Journal of Economics, Management & Trade, 2 (3). pp. 225-238. ISSN 2278098X
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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. 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.
Item Type: | Article |
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Subjects: | STM Archives > Social Sciences and Humanities |
Depositing User: | Unnamed user with email support@stmarchives.com |
Date Deposited: | 27 Jun 2023 06:17 |
Last Modified: | 18 May 2024 08:10 |
URI: | http://science.scholarsacademic.com/id/eprint/1269 |