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UK Consumers' Expenditure over 40 Years.

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posted on 2009-03-16, 15:01 authored by David Fielding
Using quarterly data for the last four decades, we test a number of traditional assumptions about aggregate consumer behaviour in the UK, with regard to the order of integration of the time series, the income elasticity of consumption and the stability of the parameters of the consumption function. In all cases, modification of these assumptions now appears to be necessary.

History

Publisher

Dept. of Economics, University of Leicester.

Available date

2009-03-16

Publisher version

http://www.le.ac.uk/economics/research/discussion/papers1998.html

Book series

Papers in Economics;98/6

Language

en

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