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The effect of income inequality on savings and consumption has remained an open empirical issue despite several decades … of research. Results obtained in this study indicate that income inequality and private consumption are both I(1 …) nonstationary variables that are cointegrated, and inequality has had a negative effect on private consumption in Central …
Persistent link: https://www.econbiz.de/10009294673
financial balance sheets of population and companies. Using panel data covering 60 countries for 1980-2009 period, the paper is …
Persistent link: https://www.econbiz.de/10008854406
savings using a panel of 18 developed countries for the period 1980-2005. We weave two strands of literature: the first strand …
Persistent link: https://www.econbiz.de/10008544701
to clone than the magnetic stripe card. Using a bi-annual balanced panel data of over one hundred Italian banks, in this …
Persistent link: https://www.econbiz.de/10011257725
In this paper we analyse the consequences of changes in the consumption patterns on unemployment through an … multiequational model, in which we estimate a consumption function, an investment function and an unemployment rate equation, using a … panel of 17 Spanish regions. This model is characterised by its dynamics and the cross equation relationships. After …
Persistent link: https://www.econbiz.de/10011112096
A disturbing feature of the conventional objective function for intertemporal decisions under uncertainty is that the agent's attitudes toward intertemporal substitution and risk aversion are entangled. This paper shows that, in contrast to common perception, the two attitudes can be completely...
Persistent link: https://www.econbiz.de/10005260195
. I find potent support in favor of nonhomotheticity in aggregate consumption data, with nondurable goods being …
Persistent link: https://www.econbiz.de/10011113649
Consumption expenditure is an important component of aggregate demand. Recent theoretical and empirical studies search … for possible Keynesian / Non Keynesian fiscal impacts on household consumption decisions. Besides providing insight to … determinants of consumption decisions, these studies also provide guide to policy solutions to high and risky current account …
Persistent link: https://www.econbiz.de/10005616926
that these predictable changes in returns should affect current consumption. This paper presents a new framework linking … consumption, income, and observable assets to expectations of future asset returns. Relative to previous work on this topic, the … unobservable variables and not requiring estimation of unknown parameters to arrive at a forecasting variable. …
Persistent link: https://www.econbiz.de/10005621669
This paper attempts a broad appraisal of the literature on macro consumption function in Islamic economics. It starts … consumption in economics as also to interest being shown in the subject in other social sciences. This inter-disciplinary approach … seeks to detach consumption from income and links it to wealth. It also brings in environmental and ethical concerns into …
Persistent link: https://www.econbiz.de/10005790472