Household Consumption Expenditure in Colombia

An Analysis by Quartiles

Authors

DOI:

https://doi.org/10.18270/cuaderlam.v18i35.3835

Keywords:

Gasto, Consumo, Hogar

Abstract

This research aims to determine the profile of Colombian households according to their level and structure of consumption spending, based on data from the National Household Budget Survey (DANE), which is considered input to establish the way, intensity, and targeting of public policy in a post-crisis context, via demand. Methodologically, the multivariate analysis technique is used: quantile regression (SQR), complemented with data analysis through descriptive statistics. Among the main results, he finds, on the one hand, differences in the structure of household expenses and income by region; and on the other, the significance of the variables of the head of the household (Age, Sex, Schooling, Marital Status) and the context of the household (Size, Stratum, Monthly income and Location area). In conclusion, this type of research constitutes a requirement for analysis from the public and real sector of the economy; In addition, it is a strong input for business studies on the massive consumption of goods and services.

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Author Biographies

Menis Mercado Mejia, Universitaria Agustiniana

Magister en Gestión de la Innovación y Economista. C.C. 45527186. menis.mercado@uniagustiniana.edu.co. móvil +57 3007377684. Filiación institucional: Universitaria Agustiniana – UNIAGUSTINIANA.

Grace Angulo Pico, Universitaria Agustiniana - UNIAGUSTINIANA

Magister en Cooperación Internacional para el Desarrollo y Economista. C.C. 1143326829. grace.angulop@uniagustiniana.edu.co. Móvil +57 3182052921. Filiación Institucional: Universitaria Agustiniana – UNIAGUSTINIANA.

Oscar Becerra Haya, Universitaria Agustiniana - UNIAGUSTINIANA

Magister en Gerencia Estratégica del Mercadeo y Profesional en Mercadeo. C.C. 80.155.471. oscar.becerra@uniagustiniana.edu.co. Móvil +57 3143936856. Filiación Institucional: Universitaria Agustiniana – UNIAGUSTINIANA

References

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Barigozzi, M., Alessi, L., Capasso, M., & Fagiolo, G. (2012). The Distribution of Household Consumption-Expenditure Budget Shares. Structural Change and Economic Dynamics, 23(1), 69–91. https://doi.org/10.1016/j.strueco.2011.09.003

Barrientos, J., y Arango, E. (2018). Sobre la estructura de gasto y la curva de Engel de los hogares urbanos: evidencia empírica para Medellín. Borradores Departamento de Economía, 1–48.

Barrientos Marín, J. (2007). On the Consumer Behavior in Urban Colombia: The Case of Bogotá. Ensayos sobre política económica, 27(59), 82–99.

Browning, M., Crossley, T. F., & Winter, J. (2014). The Measurement of Household Consumption Expenditures. Annual Review of Economics, 6, 475–501. https://doi.org/10.1146/annurev-economics-080213-041247

Caglayan, E., & Astar, M. (2012). A Microeconometric Analysis of Household Consumption Expenditure Determinants for Both Rural and Urban Areas in Turkey. American International Journal of Contemporary Research, 2(2), 27–34.

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Marchetti, S., & Secondi, L. (2017). Estimates of Household Consumption Expenditure at Provincial Level in Italy by Using Small Area Estimation Methods: “Real” Comparisons Using Purchasing Power Parities. Social Indicators Research, 131(1), 215–234. https://doi.org/10.1007/s11205-016-1230-8

Mercado, M. y Angulo, G. (2020). Enfoques microeconómico y psicosociológico del comportamiento del consumidor: una revisión de literatura inicial. En Estrategia y gestión organizacional (pp. 93–111).

Merz, J. (1983). FELES: The Functionalized Extend Linear Expenditure System. Theory, Estimation Procedures and Aplication to Individual Household Consumption Expenditures Involving Socioeconomic and Sociodemographic Characteristics. European Economic Review, 23, 359–394.

Mignouna, D. B., Abdoulaye, T., Alene, A., Manyong, V. M., Dontsop, P. N., Ainembabazi, J. H., & Asiedu, R. (2015). A Microeconometric Analysis of Household Consumption Expenditure Determinants in Yam-growing Areas of Nigeria and Ghana. In Tropicultura, 33(3), 226–237.

Monje Álvarez, C. A. (2011). Metodología de la investigación cuantitativa y cualitativa: guía didáctica. Universidad Surcolombiana - Facultad de Ciencias Sociales y Humanas, Programa de Comunicación Social y Periodismo.

Noll, H. H., & Weick, S. (2015). Consumption Expenditures and Subjective Well-Being: Empirical Evidence from Germany. International Review of Economics, 62(2), 101–119. https://doi.org/10.1007/s12232-014-0219-3

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Raddar. (2020). Informe del gasto de los hogares.

Siman, S., Tawakal, M. A., Risamasu, P. I. M., & Kadir, R. (2020). Effect of household size, working hours, health and income on consumption expenditure of poor household. Enfermería Clínica, 30, 512–515. https://doi.org/10.1016/j.enfcli.2019.10.131

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Wan Zin, W. Z., & Nabilah, S. F. (2012). Malaysian Household Consumption Expenditure: Rural vs Urban, 66.

World Economic Forum. (2017). The Global Competitiveness Report. 2017-2018 (Kalus Schwab & Xavier Sala-i-Martín, Eds.).

World Economic Forum. (2012). The Global Competitiveness Report 2012-2013 (K. Schwab, Ed.).

Abdel Ghany, M., & Schwenk, F. N. (1993a). Functional forms of household expenditure patterns in the United States. Journal of Consumer Studies & Home Economics, 17(4), 325–342. https://doi.org/10.1111/j.1470-6431.1993.tb00176.x

Abdel Ghany, M., & Schwenk, F. N. (1993b). Functional forms of household expenditure patterns in the United States. Journal of Consumer Studies & Home Economics, 17(4), 325–342. https://doi.org/10.1111/j.1470-6431.1993.tb00176.x

Abdel-Ghany, M., & Schwenk, F. N. (1993). Functional forms of household expenditure patterns in the United States. Journal of Consumer Studies & Home Economics, 17(4), 325–342. https://doi.org/10.1111/j.1470-6431.1993.tb00176.x

Banco Mundial. (2020). Informe Sobre el Desarrollo Mundial. 143–143. https://doi.org/10.30875/ec431fe5-es

Barigozzi, M., Alessi, L., Capasso, M., & Fagiolo, G. (2012). The distribution of household consumption-expenditure budget shares. Structural Change and Economic Dynamics, 23(1), 69–91. https://doi.org/10.1016/j.strueco.2011.09.003

Barrientos, J., & Arango, E. (2018). Sobre la estructura de gasto y la curva de Engel de los hogares urbanos: evidencia empírica para Medellín. Borradores Departamento de Economía, 1–48.

Barrientos Marín, J. (2007). On the consumer behavior in urban Colombia: the case of Bogotá. Ensayos Sobre Política Económica, 27(59), 82–99.

Browning, M., Crossley, T. F., & Winter, J. (2014). The measurement of household consumption expenditures. Annual Review of Economics, 6, 475–501. https://doi.org/10.1146/annurev-economics-080213-041247

Caglayan, E., & Astar, M. (2012). A Microeconometric Analysis of Household Consumption Expenditure Determinants for Both Rural and Urban Areas in Turkey. American International Journal of Contemporary Research, 2(2), 27–34.

Comisión Económica para América Latina y el Caribe - CEPAL. (2019). Estudio Económico de América Latina y el Caribe 2019. El nuevo contexto financiero mundial: efectos y mecanismos de transmisión en la región. https://repositorio.cepal.org/handle/11362/44674

D’Ambra, L., Amenta, P., D’Ambra, A., & de Tibeiro, J. S. (2020). A study of the family service expenditures and the socio-demographic characteristics via fixed marginals correspondence analysis. Socio-Economic Planning Sciences, March, 100833. https://doi.org/10.1016/j.seps.2020.100833

Departamento Nacional de Estadística DANE. (2018a). COLOMBIA - Encuesta Nacional de Presupuestos de los Hogares - ENPH- Julio 2016 - Julio 2017. Microdatos ENPH. http://microdatos.dane.gov.co/index.php/catalog/566/study-description

Departamento Nacional de Estadística DANE. (2018b). Ficha Metodológica - ENPH.

Departamento Nacional de Estadística DANE. (2020). Metodología general ENPH.

Dudel, C., Garbuszus, J. M., & Schmied, J. (2020). Assessing differences in household needs: a comparison of approaches for the estimation of equivalence scales using German expenditure data. Empirical Economics. https://doi.org/10.1007/s00181-020-01822-6

Gil, E., & Ríos, H. (2016). Hábitos y preferencias de consumo. Consumo en estudiantes universitarios. Dimensión Empresarial, 14(2), 55–72. https://doi.org/10.15665/RDE.V14I2.630

Ipek, E., & Sekmen, O. (2017a). Effect of household heterogeneity on consumption expenditure: a simultaneous quantile regression analysis. The Empirical Economics Letters, 16(12), 1329–1336.

Ipek, E., & Sekmen, O. (2017b). Effect of household heterogeneity on consumption expenditure: a simultaneous quantile regression analysis. The Empirical Economics Letters, 16(12), 1329–1336.

İpek, E., & Sekmen, Ö. (2017). The Effect of Household Heterogenity on Consumption Expenditure: Simultaneous Quantile Regression Analysis. The Empirical Economics Letters, 16(12).

Kantar. (2019). Consumer Insights Latam 2019.

Kantar. (2020). Reporte para Colombia: Consumo Masivo. In Kantar: Consumer Thermometer (Vol. 53, Issue 7).

Ketkar, S. L., & Cho, W. (1982). Demographic factors and the pattern of household expenditures in the United States. Atlantic Economic Journal, 10(3), 16–27. https://doi.org/10.1007/BF02300157

Koenker, R., & Bassett, G. (1978). Regression Quantiles. Econometrica, 46(1), 33–50.

Marchetti, S., & Secondi, L. (2017). Estimates of Household Consumption Expenditure at Provincial Level in Italy by Using Small Area Estimation Methods: “Real” Comparisons Using Purchasing Power Parities. Social Indicators Research, 131(1), 215–234. https://doi.org/10.1007/s11205-016-1230-8

Mercado, M., & Angulo, G. (2020). Enfoques microeconómico y psicosociológico del comportamiento del consumidor: una revisión de literatura inicial. In Estrategia y gestión organizacional (Vol. 1, pp. 93–111).

Merz, J. (1983). FELES: The functionalized extend linear expenditure system. Theory, estimation procedures and aplication to individual household consumption expenditures involving socioeconomic and sociodemographic characteristics. European Economic Review, 23, 359–394.

Mignouna, DB., Abdoulaye, T., Alene, A., Manyong, VM., Dontsop, PN., Ainembabazi, JH., & Asiedu, R. (2015). A Microeconometric Analysis of Household Consumption Expenditure Determinants in Yam-growing Areas of Nigeria and Ghana. In Tropicultura (Vol. 33, Issue 3, pp. 226–237).

Monje Álvarez, C. A. (2011). Metodología de la Investigación Cuantitativa Y Cualitativa: Guía didáctica. Universidad Surcolombiana - Facultad de Ciencias Sociales y Humanas, Programa de Comunicación Social y Periodismo.

Noll, H. H., & Weick, S. (2015). Consumption expenditures and subjective well-being: empirical evidence from Germany. International Review of Economics, 62(2), 101–119. https://doi.org/10.1007/s12232-014-0219-3

Oliva, L. M., Oliva, L. E. M., Martínez, H. E. Á., Vázquez, J. A. C., & Herrera, J. S. D. (2021). Desempleo en América Latina y el Caribe: Análisis bajo un enfoque de descomposición. ECA Sinergia, 12(1), 136–151. https://doi.org/10.33936/eca_sinergia.v12i1.2937

Orozco Gómez, G. (1997). La Perspectiva Cualitativa. In La investigación en Comunicación desde la perspectiva cualitativa (pp. 67–93). Ediciones de Periodismo y Comunicación Social.

Raddar. (2020). Informe del gasto de los hogares.

Siman, S., Tawakal, M. A., Risamasu, P. I. M., & Kadir, R. (2020). Effect of household size, working hours, health and income on consumption expenditure of poor household. Enfermeria Clinica, 30, 512–515. https://doi.org/10.1016/j.enfcli.2019.10.131

United Nation for Development Program. (2020a). Objetivos de Desarrollo Sostenible. Objetivo 10: Reducción de Las Desigualdades. https://www.undp.org/content/undp/es/home/sustainable-development-goals/goal-10-reduced-inequalities.html#targets

United Nation for Development Program. (2020b). Objetivos de Desarrollo Sostenible. Objetivo 1: Fin de La Pobreza. https://www.undp.org/content/undp/es/home/sustainable-development-goals/goal-1-no-poverty.html#targets

Wan Zin, W. Z., & Nabilah, S. F. (2012). Malaysian Household Consumption Expenditure: Rural vs Urban (Vol. 66).

World Economic Forum. (2012). The Global Competitiveness Report 2012-2013 (K. Schwab, Ed.).

World Economic Forum. (2017). The Global Competitiveness Report. 2017-2018 (Kalus Schwab & Xavier Sala-i-Martín, Eds.).

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Published

2022-08-11

How to Cite

Mercado Mejia, M., Angulo Pico, G., & Becerra Haya, O. (2022). Household Consumption Expenditure in Colombia: An Analysis by Quartiles. Cuadernos Latinoamericanos De Administración, 18(35). https://doi.org/10.18270/cuaderlam.v18i35.3835

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Vol. 18 No. 35 (2022): Cuadernos Latinoamericanos de Administración

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