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Author: Kai Guo Publisher: International Monetary Fund ISBN: 1451982704 Category : Business & Economics Languages : en Pages : 18
Book Description
This paper gauges the key determinants of China's private consumption in relation to GDP using data on the Chinese economy and evidence from other countries' experiences. The results suggest there is nothing "special" about consumption in China. Rather, the challenge is to explain why the conditioning variables-notably a low level of service sector employment, the level of financial sector development, and low real interest rates-are so different in China relative to other countries' historical experience. The results suggest, in particular, that efforts to further raise household income and the share of employment in the services sector, as well as to develop capital markets, including liberalizing interest rates and creating alternative savings instruments are likely to have the biggest impact on consumption. Other mechanisms to raise household income and mitigate household-specific risk (such as by improving the healthcare and pension systems) also have a role to play.
Author: A. Bayar Publisher: ISBN: Category : Consumption (Economics) Languages : en Pages : 52
Book Description
Recoge: Evolución histórica de la teoría del consumo.- Tendencias actuales en las conductas de consumo en la comunidad.- Pautas que se vislumbran a mediano y largo plazo.- Simulación con un modelo.
Author: Kai Guo Publisher: International Monetary Fund ISBN: 1451982704 Category : Business & Economics Languages : en Pages : 18
Book Description
This paper gauges the key determinants of China's private consumption in relation to GDP using data on the Chinese economy and evidence from other countries' experiences. The results suggest there is nothing "special" about consumption in China. Rather, the challenge is to explain why the conditioning variables-notably a low level of service sector employment, the level of financial sector development, and low real interest rates-are so different in China relative to other countries' historical experience. The results suggest, in particular, that efforts to further raise household income and the share of employment in the services sector, as well as to develop capital markets, including liberalizing interest rates and creating alternative savings instruments are likely to have the biggest impact on consumption. Other mechanisms to raise household income and mitigate household-specific risk (such as by improving the healthcare and pension systems) also have a role to play.
Author: Fawaz Ali Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
The paper aims to study the relationship between private consumption expenditure and independent variables that include GDP, population number, interest rate, and inflation rate in Egypt during the period from 1955 to 2018 using the Autoregressive Distributed Lag Model The research also aims to study the effect of displacement between private consumption spending and government consumption spending using a model( ARDL) The study concluded that there is a positive and significant relationship between private consumption spending and both output and population in the long run. While there is an inverse and significant relationship between private consumer spending and both interest rates and government consumer spending in the long run. This supports the effect of the displacement between the private consumption agreement and government consumption spending in Egypt. In the short term, there is a positive and significant relationship between private consumption spending and both output and population. While there is an inverse relationship between consumer spending Private and short-term interest rate. Hence, the central bank can use monetary policy tools in order to influence the intermediate objective of monetary policy and influence private consumer spending and aggregate demand, as well as taxes can be used as one of the fiscal policy tools to influence disposable income in order to change private consumer spending and aggregate demand.
Author: Miltiades N. Georgiou Publisher: ISBN: Category : Languages : en Pages : 11
Book Description
It is often claimed that technology improves product quality, which in turn increases consumption although the product price goes up. The question is if this still holds true at national level and especially after the outburst of the economic crisis. Present model hints a major problem that of how economic growth could start again. Is technology alone enough to trigger economic growth or additional measures should be taken?
Author: Laura Jaramillo Publisher: International Monetary Fund ISBN: 151358474X Category : Business & Economics Languages : en Pages : 30
Book Description
We attempt to disentangle income and wealth effects on consumption by disaggregating both the different types of income and wealth. We estimate a consumption function for a panel of quarterly data for 14 advanced economies spanning 1998 to 2012, using an error correction specification. We find a significant long-term relation between consumption and the different components of income and wealth. While fiscal policy had direct effects on consumption, the analysis suggests that wealth effects were sizeable, and therefore need to be kept in mind when analyzing consumption trends going forward.
Author: Kai Guo
Author: A. Bayar
Author: Kai Guo
Author: Alfred Kanis
Author: Fawaz Ali
Author: Miltiades N. Georgiou
Author: Ginige Amala Chandini de Silvia
Author: Laura Jaramillo
Author: Servaas Deroose
Author: Chiara Dalle Nogare
Author: