Lottery Sales and Per-capita GDP: An Inverted U Relationship
Maria João Kaizeler, Horácio Crespo Faustino
Journal of Economics, Management and Trade · pp. 225–238 · Published 18 Aug 2012
10.9734/BJEMT/2012/1411Abstract
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.
Cited by 1
Bernardo T. Chagas, J. F. S. Gomes, Mark D. Griffiths · Journal of Gambling Studies · 2021
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