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. Despite this truism, there is relatively little information available on household consumption behaviour in Hungary stemming … then show how this framework can be used to quantify the effects of price changes and to calculate household consumption … equivalence scales in Hungary may lead to over-estimation of the relative income position of families with children, especially …
Persistent link: https://www.econbiz.de/10010494363
This study examines the business cycle behaviour of public consumption and its main components; the public wage bill (including compensation per employee and public employment) and intermediate consumption in the euro area aggregate, euro area countries and a group of selected non-euro area OECD...
Persistent link: https://www.econbiz.de/10011604803
Despite intense calls for safeguarding public investment in Europe, public investment expenditure, when measured in relation to GDP, has steadily fallen in the last three decades, evoking fears that economic activity may be correspondingly negatively affected. At the same time, however, public...
Persistent link: https://www.econbiz.de/10011604841
This paper deals with the regularity problem in the Almost Ideal Demand System (AIDS) in terms of the boundedness of the budget shares within the [0,1] interval. The violation of "cointegration accounting" can be seen just as another consequence of irregularity. The discussion of modifications...
Persistent link: https://www.econbiz.de/10011435152
consumption. The bottom-up elements are represented by the energy efficiency embodied in household appliances. The top-down model …
Persistent link: https://www.econbiz.de/10011435251
econometrically estimated based on a new data set of household appliances and passenger cars. This relationship complements a … interdependencies and feedbacks that can only be captured by a full model of household demand. …
Persistent link: https://www.econbiz.de/10011435267
In this paper, we analyse the effect of food price changes on household consumption in Ghana during the 1990s and … household welfare effect, one that jointly considers (static) first order effects as well as (dynamic) consumption responses, is … using the linear approximate version of the AIDS model with household survey data for 1991/92 and 1998/99. The estimated …
Persistent link: https://www.econbiz.de/10010319079
This paper investigates empirically why Japan's household savings rate fell in the 1990s. We constructed an economic … model consisting of two types of household: unconstrained life-cycle households and liquidity-constrained households …'s household savings rate. Our simulation analysis demonstrated that if the proportion of liquidity-constrained households in the …
Persistent link: https://www.econbiz.de/10010332236
on how many hours to work with obvious consequences for the household budget. We therefore model consumption and labor …
Persistent link: https://www.econbiz.de/10010277211
minimisation, and actual energy (commodity) demand stems from a household production process. The model indirectly takes into …
Persistent link: https://www.econbiz.de/10011435242