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Consumption Goods (consumption + goods)

Distribution by Scientific Domains
Business, Economics, Finance and Accounting66%
Humanities and Social Sciences33%

Selected Abstracts

Assessing the Temporary VAT Cut Policy in the UK,

FISCAL STUDIES, Issue 1 2009
Richard Blundell
H2; H3; E21 Abstract This paper concerns the likely impact of a temporary VAT cut stimulus policy on consumer demand in the UK. It suggests that around 75 per cent of the VAT reduction will be passed on to consumers and that consumers will react by maintaining their expenditure levels and therefore increasing their demand for consumption goods. The uncertainty caused by the downturn makes this a more muted impact than we might have hoped, especially on the demand for durable goods. Nevertheless, it is a substantive impact. In general, the uncertainty caused by the recession will tend to reduce the impact of any stimulus package. It is also argued that synchronising the subsequent rise with the economic upturn is critical. [source]

Time as a Resource and as a Context

METROECONOMICA, Issue 1 2003
Vittorioemanuele Ferrante
If consumption takes time, then a time constraint may reduce the consumer's freedom when buying goods. Some implications of Steedman's approach are examined in this paper; some variations on the theme are considered and compared. Finally, the notion of time as a context may lead to developments in the concept of a process of consumption, and of its relations with consumption goods. [source]

On the Mythology of the Keynesian Multiplier: Unmasking the Myth and the Inadequacies of Some Earlier Criticisms

AMERICAN JOURNAL OF ECONOMICS AND SOCIOLOGY, Issue 4 2001
James C. W. Ahiakpor
Keynes's multiplier story invites acceptance by building on the fact that people typically consume only a fraction of their income and that such purchases are incomes for sellers. By misrepresenting the classical definition of saving and the meaning of Say's Law, Keynes laid the grounds for extolling the virtues of consumption spending as determining income and employment growth. But the mythology of the multiplier story becomes clear when we ask, "From where do people find the means to purchase consumption goods, other than production?" The inadequacies of several earlier criticisms stem from their failure to focus on this fundamental point. [source]

Eine Gabe an St. Nimmerlein?, Zur zeitlichen Dimension der Schuldenbremse

PERSPEKTIVEN DER WIRTSCHAFTSPOLITIK, Issue 3 2010
Friedrich Heinemann
We consider two scenarios: a proportional income shock and a shock on employment which increases the rate of unemployment. We find that automatic stabilizers absorb 38 per cent of a proportional income shock in the EU, compared to 32 per cent in the US. In the case of an unemployment shock 48 per cent of the shock is absorbed in the EU, compared to 34 per cent in the US. Under the assumption that only credit constrained households adjust current spending on consumption goods to current disposable income, the cushioning of disposable income leads to a demand stabilization of 26 to 35 per cent in the EU and 19 per cent in the US. There is large heterogeneity within the EU. Automatic stabilizers in Eastern and Southern Europe are much lower than in Central and Northern European countries. With respect to income stabilization, Germany is above the European average for both scenarios. Demand stabilization in Germany is weaker because the number of liquidity constrained households is below the EU average. [source]

Wie wirken die automatischen Stabilisatoren in der Wirtschaftskrise?

PERSPEKTIVEN DER WIRTSCHAFTSPOLITIK, Issue 2 2010
Deutschland im Vergleich zu anderen EU-Staaten und den USA
We consider two scenarios: a proportional income shock and a shock on employment which increases the rate of unemployment. We find that automatic stabilizers absorb 38 percent of a proportional income shock in the EU, compared to 32 percent in the US. In the case of an unemployment shock 48 percent of the shock is absorbed in the EU, compared to 34 percent in the US. Under the assumption that only credit constrained households adjust current spending on consumption goods to current disposable income, the cushioning of disposable income leads to a demand stabilization of 26 to 35 percent in the EU and 19 percent in the US. There is large heterogeneity within the EU. Automatic stabilizers in Eastern and Southern Europe are much lower than in Central and Northern European countries. With respect to income stabilization, Germany is above the European average for both scenarios. Demand stabilization in Germany is weaker because the number of liquidity constrained households is below the EU average. [source]

GENDER DISCRIMINATION, INTRAHOUSEHOLD RESOURCE ALLOCATION, AND IMPORTANCE OF SPOUSES' FATHERS: EVIDENCE ON HOUSEHOLD EXPENDITURE FROM RURAL INDIA

THE DEVELOPING ECONOMIES, Issue 4 2006
Nobuhiko FUWA
D12; D13; D63; D64 Data collected from rural India was used to examine the rules governing intrahousehold resource allocations. Testing for gender-age discrimination among household members using Deaton's (1989) method, results suggest a general bias favoring boys over girls in allocation of consumption goods, however, the findings are not always statistically significant. Intrahousehold resource allocation rules are then examined to see if such discrimination is based on the unanimous decision of parents. The novelty in our test on allocation rule are: (1) use of grandparental variables as extra-household environmental parameters (EEPs) in expenditure estimation, (2) derivation of a test of the unitary model that only requires EEPs, and (3) semi-formal use of survival status of grandparents in testing collective models. It is interesting that spouse's father characteristics are importantly correlated with greater mother and child goods expenditure shares, and smaller father goods shares. Their survival status matters, and this is stronger evidence for a collective as opposed to unitary model. [source]