Resumen

GALVIS CIRO, Juan Camilo. CONSUMPTION AND THE POVERTY LINE IN ANTIOQUIA: CONSUMER CHOICE APPROXIMATIONS. Semest. Econ. [online]. 2012, vol.15, n.31, pp.43-78. ISSN 0120-6346.

This paper analyses the magnitude, composition and expenditure distribution of households in Antioquia during 2008 based on the quality of life survey carried out by DANE. The subsistence consumption or poverty line for the Antioquia region is calculated with a quadratic expenditure system. A series of implicit prices is also constructed utilising household expenditures with the aim of calculating price elasticities and demand expenditures. According to Engel's law there is a better quality of life in the urban zones of Antioquia and the results show that the minimum subsistence expenditure in twelve different groups of goods for the Antioquia region is $356,994.63 in 2008 Colombian pesos.

Palabras clave : Poverty line; Consumption; Engel's law; Poverty; Antioquia (Colombia).

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