Table 5. Cross Price, expenditure, and quality-expenditure elasticities matrix1.
Spirits | Wines | Beers | ||||
---|---|---|---|---|---|---|
Spirits | -0,143 | * | -0,494 | *** | -0,070 | |
0,078 | 0,089 | 0,052 | ||||
Wines | -0,342 | *** | -0,770 | *** | -0,050 | |
0,057 | 0,092 | 0,055 | ||||
Beers | -0,053 | 0,002 | -0,929 | *** | ||
0,083 | 0,076 | 0,065 | ||||
Expenditure Elasticity | 0,707 | *** | 1,161 | *** | 0,980 | *** |
0,094 | 0,101 | 0,103 | ||||
Quality Expenditure Elasticity | 0,151 | *** | 0,197 | *** | 0,117 | *** |
0,003 | 0,002 | 0,002 |
*: Significant for significance levels greater than or equal to 10%
**: Significant for significance levels greater than or equal to 5%
***: Significant for significance levels greater than or equal to 1%
1: Upper value corresponds to elasticities. Lower value corresponds to standard deviation