A System-wide Analysis of International and Interregional Consumption Patterns PDF Download

Author: Saroja Selvanathan
Publisher:
ISBN: 9780864227966
Category : Consumer behavior
Languages : en
Pages : 47

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Author: Saroja Selvanathan
Publisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 752

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Author: S. Selvanathan
Publisher: Springer Science & Business Media
ISBN: 9401119686
Category : Business & Economics
Languages : en
Pages : 360

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Book Description
The modern system-wide approach to applied demand analysis emphasizes a unity between theory and applications. Its fIrm foundations in economic theory make it one of the most impressive areas of applied econometrics. This book presents a large number of applications of recent innovations in the area. The database used consist of about 18 annual observations for 10 commodities in 18 OECO countries (more than 3,100 data points). Such a large body of data should provide convincing evidence, one way or the other, about the validity of consumption theory. A PREVIEW OF THE BOOK The overall importance of the analysis presented in the book can be seen from the following table which shows the signifIcant contribution of the OECO to the world economy. As can be seen, the 24 member countries account for about 50 percent of world GOP in 1975. In this book we present an extensive analysis of the consumption patterns of the OECO countries.

Author: Saroja Selvanathan
Publisher:
ISBN: 9780864227232
Category : Consumption (Economics)
Languages : en
Pages : 52

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Author: E. Antony Selvanathan
Publisher: World Scientific
ISBN: 9810240058
Category : Business & Economics
Languages : en
Pages : 354

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Book Description
This book presents an analysis of consumption patterns in the OECD (rich) and LDC (poor) countries using recent data (1960-1996) and econometric methodology for a number of broadly aggregated consumer goods. The income elasticity estimates for the 50 or so countries and 10 commodity groups are tabulated. The reliability of these elasticity estimates, and also the demand theory hypotheses, are investigated using simulation techniques.

Author: Kenneth W. Clements
Publisher: Cambridge University Press
ISBN: 0521884950
Category : Business & Economics
Languages : en
Pages : 441

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A fascinating analysis of a widely used, but little understood illicit drug.

Author: E.A. Selvanathan
Publisher: Springer Science & Business Media
ISBN: 364285205X
Category : Business & Economics
Languages : en
Pages : 418

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The study of consumer demand is important for a number of reasons. First, as total consumption absorbs more than 70 percent of GDP in most countries, it is the largest of the macroeconomic aggregates, thus having great significance for the state of the economy as a whole and business conditions. Second, the pattern of consumption contains a wealth of useful information regarding economic welfare and living standards. Closely allied to this is that as consumption (both current and future) is the ultimate objective of all economic activity and economic systems (mercantilists notwithstanding), in a fundamental sense consumption patterns are an objective way of measuring and assessing economic performance. Finally, an understanding of the price-responsiveness of consumption is of crucial importance for a host of microeconomic policy issues including public-utility pricing, the measurement of distortions, optimal taxation and the treatment of externalities. The analysis of consumer demand is one of the major successes of economics as it represents the near perfect marriage of theory and econometrics, a situation almost unparalleled in any other field of economics. This field has attracted a lot of attention since the introduction of the linear expenditure system and its application to British data by Stone (1954), followed by the differential demand system of Barten (1964) and Theil (1965, 1975176, 1980) and developments thereafter.

Author: D.S. Prasada Rao
Publisher: Springer
ISBN: 1349235946
Category : Business & Economics
Languages : en
Pages : 250

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'An authoritative survey with exciting new insights of special interest to economists and econometricians who analyse intertemporal and interspatial price relationships.' - Professor Angus Maddison, Groningen University This book presents a comprehensive review of recent developments in the theory and construction of index numbers using the stochastic approach, demonstrating the versatility of this approach in handling various index number problems within a single conceptual framework. It also contains a brief, but complete, review of the existing approaches to index numbers with illustrative numerical examples. The stochastic approach considers the index number problem as a signal extraction problem. The strength and reliability of the signal extracted from price and quantity changes for different commodities depends upon the messages received and the information content of the messages. The most important applications of the new approach are to be found in the context of measuring rate of inflation; fixed and chain base index numbers for temporal comparisons and for spatial intercountry comparisons; the latter generally require special index number formulae that result in transitive and base invariant comparisons.

Author:
Publisher: National Library Australia
ISBN:
Category : Bibliography, National
Languages : en
Pages : 1734

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Author:
Publisher:
ISBN: 9780195531916
Category : Australia
Languages : en
Pages : 400

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