Showing 1 - 10 of 20
This paper estimates a simple consumption-smoothing model of the French current account, and examines its capacity to …
Persistent link: https://www.econbiz.de/10005458666
sta The Consumption Capital Asset Pricing Model (C-CAPM) is tested using data on equity prices in Jordan, Turkey, and … Pakistan over the period 1986-93. The analysis is carried out in two steps. The parameters of agents' dynamic consumption and …
Persistent link: https://www.econbiz.de/10005458688
Planning strategies that maximize the Human Development Index (HDI) tend towards minimizing consumption and maximizing … allocations for consumption, education, and health. Finally, we calculate our modified indexes for OECD countries and compare them …
Persistent link: https://www.econbiz.de/10005458707
This paper provides a unified framework in which to examine income and consumption tax revenue elasticities. In … addition, new results are established in relation to consumption taxes. These results help to provide a better understanding of …
Persistent link: https://www.econbiz.de/10005750783
This paper provides new estimates of the revenue elasticity of income taxes in the UK over the period 1989-2000. Observed changes in these elasticities are decomposed into changes due to inflation, real income growth, changes in fiscal structure, and changes in the dispersion of incomes in the...
Persistent link: https://www.econbiz.de/10005750816
Since Brown (1952), standard habit formation models of consumption have exclusively focused on non-durables and …
Persistent link: https://www.econbiz.de/10005750840
optimal consumption response for a small open economy to permanent and temporary shocks to the world rate of interest. Uzawa …
Persistent link: https://www.econbiz.de/10005750842
This paper looks at the interaction between public and private consumption in Australia. The results show that there is … substitution between private and public consumption in the long-run and that in the short-run, changes to government consumption …
Persistent link: https://www.econbiz.de/10005574833
Since Brown (1952), habit formation models of consumption have assumed that memory loss is a univariate process. This … paper dispenses with this assumption to consider habit modification in consumption. A model is proposed where household … evidence presented shows that both household and consumer credit cointegrate with consumption expenditure and disposable income …
Persistent link: https://www.econbiz.de/10005574865
This paper examines the question of the extent to which redistribution can be achieved using a structure of consumption …
Persistent link: https://www.econbiz.de/10005574869