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Annual consumption functions - a Scottish-UK comparison, 1971-1985

Holden, D.R. and McGregor, P.G. (1990) Annual consumption functions - a Scottish-UK comparison, 1971-1985. Regional Studies, 24 (3). pp. 247-259. ISSN 0034-3404

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Abstract

This paper investigates the performance of a number of recently proposed 'consumption functions' using annual Scottish and UK data for the period 1971 to 1985. Whilst the exercise is 'atheoretical' in the sense that no attempt is made to tie estimated models to specific theories, the influences considered do reflect an underlying conviction that a full understanding of consumption functions ultimately necessitates an integrated framework for modelling household behaviour. In this context a number of recent models may be treated as non-competing and separate investigation of non-durable and durable expenditures may be helpful in evaluating competing explanations of recent consumption behaviour. Data coherent models of non-durable expenditures are obtained, although such specifications proved elusive for durables. Overall, there was some supporting evidence for the intuitive systems-perspective which motivated the analysis.

Item type: Article
ID code: 18041
Keywords: consumption, Scotland, UK, 1971-1985, Economic Theory, Environmental Science(all), Social Sciences(all)
Subjects: Social Sciences > Economic Theory
Department: Strathclyde Business School > Economics
Related URLs:
    Depositing user: Strathprints Administrator
    Date Deposited: 28 Apr 2010 14:27
    Last modified: 05 Sep 2014 00:38
    URI: http://strathprints.strath.ac.uk/id/eprint/18041

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