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Pakistan. Consumption decisions determine savings decisions. In long term growth literature, differences in long term growth … had been explained to a large extent by differences in the rate of savings which also determine a country’s investment in … determinants of savings in Pakistan economy. The results indicate evidence of consumption smoothing and relatively stable Average …
Persistent link: https://www.econbiz.de/10011258849
Amidst the financial crisis and changes in the labour market, retirement savings plans are subject to greater scrutiny …. The retirement income system in Canada stands on both public and private retirement savings plans. This article describes … the coverage of Canadian workers by private retirement savings plans. Using cross-sectional tax data from the T1 Family …
Persistent link: https://www.econbiz.de/10008595913
An extensive literature has analyzed the implications of hidden shifts in the dividend growth rate. However …-run frequencies. Hidden persistence magnifies endogenous changes in the forecast variance of the long-run dividend growth rate despite …
Persistent link: https://www.econbiz.de/10011111345
The formation of the European Union (EU) is the one of the biggest political – economic events of the last 50 years. The aim of this study is to develop EU economy functioning system dynamic model. Main research method is system dynamics. General scheme of EU economy system dynamic model is...
Persistent link: https://www.econbiz.de/10011259562
I start with income and wealth inequality data from the Congressional Budget Office (CBO) and Thomas Piketty, and propose approaches taken from science (for example, behavioral evolution theory,) that might be useful in explaining the data and forecasting future economic events. Using a modified...
Persistent link: https://www.econbiz.de/10011115496
Joining the European Union big opportunities in the international markets have opened for Latvia. Paper purpose is to investigate influence of international integration processes on development of economy of Latvia. Latvia's incoming in EU increased the amount of received means from structural...
Persistent link: https://www.econbiz.de/10009367975
Appendix to the main text
Persistent link: https://www.econbiz.de/10005623399
The following analysis, based on error correction models, suggests that consumer confidence, together with traditional macroeconomic variables, contains a forecasting and explicative power on consumption. By including consumer confidence in a consumption function, consumer confidence releases a...
Persistent link: https://www.econbiz.de/10005616993
The traditional consumption function based on the life cycle permanent income hypothesis (LC-PIH) considers that consumer spending is based on households’ expectations of their future income. However, in short-term forecasting, the traditional economic determinants of consumption do not...
Persistent link: https://www.econbiz.de/10005787072
This document tries to show how the capital asset pricing model based on the consumption theory under uncertainty could reproduce the statistical moments of Chilean interest rates. In order to reach this objective a model like the one proposed by Lucas (1980) is simulated and the parameters of...
Persistent link: https://www.econbiz.de/10005837435