Author: Robert Glenn JamesPublisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 126
Book Description
The Permanent-income Hypothesis, and Other Aggregate Consumption Functions
Author: Robert Glenn JamesPublisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 126
Book Description
The permanent-income hypothesis, and other aggregate consumption functions
Author: Robert G. JamesA Theory of the Consumption Function
Author: Milton FriedmanPublisher: Courier Dover Publications
ISBN: 0486841812
Category : Business & Economics
Languages : en
Pages : 259
Book Description
This thought-provoking and influential book by a distinguished economist examines whether consumption behavior can be defined in a way that's supported by empirical evidence and useful for research and planning.
Does Distribution Matter in the Aggregate Consumption Function? a Test in the Content of the Permanent Income Hypothesis
Author: McMaster University. Department of EconomicsPublisher:
ISBN:
Category :
Languages : en
Pages : 75
Book Description
Weekly Weather and Crop Bulletin
Author: Does Distribution Matter in the Aggregate Consumption Function?
Author: Sayyid TahirPublisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 30
Book Description
Consumption Hypotheses
Author: Qamarullah Bin Tariq IslamPublisher: LAP Lambert Academic Publishing
ISBN: 9783659263620
Category :
Languages : en
Pages : 52
Book Description
This research paper contains an empirical study of the Absolute, Relative, and Permanent Income Hypotheses of consumption. Consumption functions related to these hypotheses have been estimated and values of MPC-both the short and the long run-are obtained. For the absolute and the relative income models, this was done for the whole period under study (1974-2000) and for the first half (1974-87) and the second half (1988-2000) separately. For the Permanent Income Hypothesis, estimates were obtained and reported for the period of 1986-2000 only since estimates for longer periods generated inadmissible values of MPC. An interesting observation is that the values of MPC were higher in the first half than in the second half. This implies that aggregate consumption changed less in response to income changes in the second period. This could also mean that the marginal propensity to save became higher in the second period. Since aggregate consumption is the largest part of macroeconomic aggregate demand, the values of MPC which have been obtained and differences seen for the two periods and between the functions may be found useful to the researchers and the policy makers.
The Consumption Function and the Distribution of Income
Author: Mahmood Namvar Haghighi ShirazyPublisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 254
Book Description
Theory of the Consumption Function
Author: Milton FriedmanPublisher: Princeton University Press
ISBN: 0691188483
Category : Business & Economics
Languages : en
Pages : 260
Book Description
What is the exact nature of the consumption function? Can this term be defined so that it will be consistent with empirical evidence and a valid instrument in the hands of future economic researchers and policy makers? In this volume a distinguished American economist presents a new theory of the consumption function, tests it against extensive statistical J material and suggests some of its significant implications. Central to the new theory is its sharp distinction between two concepts of income, measured income, or that which is recorded for a particular period, and permanent income, a longer-period concept in terms of which consumers decide how much to spend and how much to save. Milton Friedman suggests that the total amount spent on consumption is on the average the same fraction of permanent income, regardless of the size of permanent income. The magnitude of the fraction depends on variables such as interest rate, degree of uncertainty relating to occupation, ratio of wealth to income, family size, and so on. The hypothesis is shown to be consistent with budget studies and time series data, and some of its far-reaching implications are explored in the final chapter.
Author: Xiaonian Xu