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Author: Christopher Anthony Andia
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 0
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Book Description
In this paper, we examine the phenomenon known as the wealth effect and its impact on consumption. By using quarterly data from the United States economy, we investigate the impact of financial and housing wealth on consumption. With variable selection based on a paper by Matteo Iacoviello, and expanding the sample size by including the periods from the first quarter of 1952 to the last quarter of 2016, we found evidence that shows both financial wealth and housing wealth have an impact on consumption. Although the data specifically shows housing wealth had a higher impact, the final results seemed to be somewhat inconclusive because each method of integration had a slightly different outcome. In our basic model using the OLS method of integration consistently showed housing wealth had a larger impact on consumption, while the results of the ARDL and Co-integration estimates varied. These results are in agreement with some of the literature but do not include some of the micro economic variables that might have made the results more conclusive. Finally, we take a look at some of the implications of the wealth effect and how they go past just an increase in consumption.
Author: Christopher Anthony Andia
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 0
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Book Description
In this paper, we examine the phenomenon known as the wealth effect and its impact on consumption. By using quarterly data from the United States economy, we investigate the impact of financial and housing wealth on consumption. With variable selection based on a paper by Matteo Iacoviello, and expanding the sample size by including the periods from the first quarter of 1952 to the last quarter of 2016, we found evidence that shows both financial wealth and housing wealth have an impact on consumption. Although the data specifically shows housing wealth had a higher impact, the final results seemed to be somewhat inconclusive because each method of integration had a slightly different outcome. In our basic model using the OLS method of integration consistently showed housing wealth had a larger impact on consumption, while the results of the ARDL and Co-integration estimates varied. These results are in agreement with some of the literature but do not include some of the micro economic variables that might have made the results more conclusive. Finally, we take a look at some of the implications of the wealth effect and how they go past just an increase in consumption.
Author: Jeffrey M. Chwieroth
Publisher: Cambridge University Press
ISBN: 1107153743
Category : Business & Economics
Languages : en
Pages : 597
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Book Description
Shows how the politics of banking crises has been transformed by the growing 'great expectations' among middle class voters that governments should protect their wealth.
Author: John Bates Clark
Publisher:
ISBN:
Category : Wages, prices and productivity
Languages : en
Pages : 490
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Book Description
Author: Chamberlain S. Peterside
Publisher: Lulu.com
ISBN: 1435700961
Category : Business & Economics
Languages : en
Pages : 158
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Book Description
WEALTH EFFECT - Africa in Midst of Global Economic Transformation is a book that seeks to illustrate the evolving nature of the global market and how countries are interplaying in that arena. The book delves into historical facts, critiques and outlines some key policy steps being (or that could be) implemented, whilst trying to understand how that can yield better results for Africa. WEALTH EFFECT also takes an incisive look at how activities in other emerging markets as well as advanced societies are influencing changes on the continent, that was recently called the "Final Frontier" for Adventurous Investors by Merrill Lynch. The conclusion is that African nations must be ready and capable of playing by a new set of rules in this transformational phase, to not only successfully wrestle hunger, poverty, disease, joblessness and other developmental deficiencies but also attain greater economic heights.
Author: United States. Congress. House. Temporary National Economic Committee
Publisher:
ISBN:
Category : Big business
Languages : en
Pages : 1448
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Book Description
Author: John L. Pender
Publisher: Routledge
ISBN: 1135121893
Category : Business & Economics
Languages : en
Pages : 328
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Book Description
This book investigates the role of wealth in achieving sustainable rural economic development. The authors define wealth as all assets net of liabilities that can contribute to well-being, and they provide examples of many forms of capital – physical, financial, human, natural, social, and others. They propose a conceptual framework for rural wealth creation that considers how multiple forms of wealth provide opportunities for rural development, and how development strategies affect the dynamics of wealth. They also provide a new accounting framework for measuring wealth stocks and flows. These conceptual frameworks are employed in case study chapters on measuring rural wealth and on rural wealth creation strategies. Rural Wealth Creation makes numerous contributions to research on sustainable rural development. Important distinctions are drawn to help guide wealth measurement, such as the difference between the wealth located within a region and the wealth owned by residents of a region, and privately owned versus publicly owned wealth. Case study chapters illustrate these distinctions and demonstrate how different forms of wealth can be measured. Several key hypotheses are proposed about the process of rural wealth creation, and these are investigated by case study chapters assessing common rural development strategies, such as promoting rural energy industries and amenity-based development. Based on these case studies, a typology of rural wealth creation strategies is proposed and an approach to mapping the potential of such strategies in different contexts is demonstrated. This book will be relevant to students, researchers, and policy makers looking at rural community development, sustainable economic development, and wealth measurement.
Author: Tullio Jappelli
Publisher: Oxford University Press
ISBN: 0199383154
Category : Business & Economics
Languages : en
Pages : 313
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Book Description
In The Economics of Consumption, Tullio Jappelli and Luigi Pistaferri provide a comprehensive examination of the most important developments in the field of consumption decisions and evaluate economic models against empirical evidence.
Author: United States. Congress. Senate. Committee on Environment and Public Works
Publisher:
ISBN:
Category : Political Science
Languages : en
Pages : 360
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Book Description
Author:
Publisher:
ISBN:
Category : Economic zoning
Languages : en
Pages : 164
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Book Description
Author: Arnim Langer
Publisher: Leuven University Press
ISBN: 9462702004
Category : Social Science
Languages : en
Pages : 396
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Book Description
Multidisciplinary perspectives to governance of oil in African countries Large quantities of oil were discovered in the Albertine Rift Valley in Western Uganda in 2006. The sound management of these oil resources and revenues is undoubtedly one of the key public policy challenges for Uganda as it is for other African countries with large oil and/or gas endowments. With oil expected to start flowing in 2021, the current book analyses how this East African country is preparing for the challenge of effectively, efficiently, and transparently managing its oil sector and resources. Adopting a multidisciplinary, comprehensive, and comparative approach, the book identifies a broad scope of issues that need to be addressed in order for Uganda to realise the full potential of its oil wealth for national economic transformation. Predominantly grounded in local scholarship and including chapters drawing on the experiences of Nigeria, Ghana, and Kenya, the book blazes a trail on governance of African oil in an era of emerging producers. Oil Wealth and Development in Uganda and Beyond will be of great interest to social scientists and economic and social policy makers in oil-producing countries. It is suitable for course adoption across such disciplines as International/Global Affairs, Political Economy, Geography, Environmental Studies, Economics, Energy Studies, Development, Politics, Peace, Security and African Studies. Contributors: Badru Bukenya (Makerere University), Moses Isabirye (Busitema University), Wilson Bahati Kazi (Uganda Revenue Authority), Corti Paul Lakuma (Economic Policy Research Centre), Joseph Mawejje (Economic Policy Research Centre), Pamela Mbabazi (Uganda National Planning Authority), Martin Muhangi (independent researcher), Roberts Muriisa (Mbarara University of Science and Technology), Chris Byaruhanga Musiime (independent researcher), Germano Mwabu (University of Nairobi), Jackson A. Mwakali (Makerere University), Tom Owang (Mbarara University of Science and Technology), Joseph Oloka-Onyango (Makerere University), Peter Quartey (University of Ghana), Peter Wandera (Transparency International Uganda), Kathleen Brophy (Transparency International Uganda), Jaqueline Nakaiza (independent researcher), Babra Beyeza (independent researcher), Jackson Byaruhanga (Bank of Uganda), Emmanuel Abbey (University of Ghana).
