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ralph lauren polo

David Mckenzie
''Are tortillas a Giffen Good in Mexico?''
( 2002, Vol. 15 No.1 )
Jensen and Miller (2001) have recently demonstrated rice and noodles to be Giffen Goods among the poor in South and North China respectively. We examine whether tortillas, the main staple in Mexico, are also a Giffen Good. The large income change due to the 1995 Peso Crisis and the large tortilla price increase arising from the removal of government subsidies provide an ideal environment for this test. We find tortillas to be an inferior good, but not a Giffen Good.
JEL: O1 - Economic Development: General
D1 - Household Behavior: General
Manuscript Received : Dec 04 2001 Manuscript Accepted : Jan 03 2002

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