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vulnerability. This is achieved by using Hicksian price Compensating Variation (CV) and compensated price elasticities, based on …
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As one of the world's largest recipients of remittances, the Philippines received remittances roughly 12% of its gross … domestic product in 2008. Remittances have become the single most important source of foreign exchange to the economy and a … role of remittances in increasing household consumption and investment and thereby their potential for rebalancing economic …
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Private households constitute one of the main economic sectors. The underlying house-hold structure determines income and consumption aggregates. For example, changes in the population composition induced by demographic change or shifts in the income structure through redistributional policy...
Persistent link: https://www.econbiz.de/10011372067
This paper uses mortgage data to construct a measure of terms on which households access to external finance, and relates it to consumption at both the aggregate and cohort levels. The Household External Finance (HEF) index is based on the spread paid by risky borrowers in the mortgage market....
Persistent link: https://www.econbiz.de/10010277875
Scant attention has been paid in the literature concerning 'consumption wealth effects' to asset heterogeneity in terms of foreign and domestic asset holdings. Through extending the approach of Lettau and Ludvigson (2004).and Nitschka (2007), this study uncovers that whilst households tend to...
Persistent link: https://www.econbiz.de/10010316810
Background: As per currently accepted methodology of national economic accounting, China's household consumption rate is considered relatively low. This paper discusses the evolvement of China’s consumption over time. Methods: Employing two different measures of consumption, I compare the...
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