This paper aims to analyze the evolution of the private consumption structure in Romania in the last twenty years surprising three main periods that influenced the composition of economic welfare of romanian citizens: the transition period to the market economy after the fall of communist...

This study examines the long- and short-run relationship between private consumption, housing wealth, stock market wealth and income. In order to asses this relationship empirically, we use pooled mean group estimators of dynamic heterogeneous panel data on a sample of 30 developed and emerging...

In this paper, we show, using the consumer's budget constraint, that the residuals of the trend relationship among consumption, aggregate wealth, and labour income should predict both stock returns and housing returns. We use quarterly data for a panel of 31 emerging economies and find that,...

In this paper we use a representative consumer model to analyse the equilibrium relation between the transitory deviations from the common trend among consumption, aggregate wealth, and labour income, cay, and focus on the implications for both stock returns and housing returns. The evidence...

This paper presents our findings on the structural relationship between household income and consumption expenditure in the township of Kohima. It is based on the primary data collected from 209 households inhabiting 19 wards of the township. It is found that about 56 percent of households are...