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view is that despite China''s remarkably high growth, the share of consumption in total expenditure has been low and …
Persistent link: https://www.econbiz.de/10014400895
This paper gauges the key determinants of China''s private consumption in relation to GDP using data on the Chinese … China. Rather, the challenge is to explain why the conditioning variables-notably a low level of service sector employment …, the level of financial sector development, and low real interest rates-are so different in China relative to other …
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This paper investigates a link between the significant decline in the growth of domestic demand and the dampened ripple effects from the export sector in Korea since the East Asian financial crisis. The dampened ripple effects are closely linked to the changed investment behaviors of the Korean...
Persistent link: https://www.econbiz.de/10011572881
We study the household sector's post-tax income and debt position as propagation mechanisms of public into private spending, in postwar U.S. data. In structural VARs, we obtain the consumption "crowding-in puzzle" for surges in public spending and show this consumption response to be accompanied...
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Poverty is typically measured as insufficient yearly income or consumption. In practice, however, poverty is marked by seasonality, economic instability, and illiquidity across months. To capture within-year variability, we extend traditional poverty measures to include a temporal dimension....
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