optimal for EMEs to save abroad to smooth consumption. However, financial frictions may hinder private sector investment …

the procyclicality that was an exceptional characteristic of consumption behavior of Korean households after the 1997 … currency crisis. The existing studies on consumption behavior changes after the currency crisis are mostly based on the … assumption that the occurrence of the changes was homogeneous across all age groups. In this paper, however, consumption …

English Abstract: Considering the fact that households' demographic characteristics affect consumption decision, it is … conjectured that rapid demographic changes would lead to a substantial change in the composition of private consumption … expenditure. This paper estimates the demand functions of various consumption items by applying the Quadratic Almost Ideal Demand …

English Abstract: Our paper aims to estimate a household consumption function in the presence of liquidity constraints … consumption. Especially, the influence of household size on consumption decision is shown to be highly significant, not only … indirectly through its impact on household income, but also directly by affecting the household's preference for consumption …