Consumption Expenditure in Economic Impact Studies : an Application to University Students
Hermannsson, Kristinn and McGregor, Peter G and Swales, J Kim (2013) Consumption Expenditure in Economic Impact Studies : an Application to University Students. Discussion paper. University of Strathclyde, Glasgow.
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Abstract
This paper examines how appropriately to attribute economic impact to consumption expenditures. Consumption expenditures are often treated as either wholly endogenous or wholly exogenous, following a distinction from Input-Output analysis. For many applications, such as those focusing on the impacts of tourism or benefits systems, such binomial assumptions are not satisfactory. We argue that consumption is neither wholly endogenous nor wholly exogenous but that the degree of this distinction is rather an empirical matter. We set out a general model for the treatment of consumption expenditures and illustrate its application through the case of university students. We examine individual student groups and how the impacts of students at particular institutions. Furthermore we take into account the binding budget constraint of public expenditures (as is the case for devolved regions in the UK) and examine how this affects the impact attributed to students' consumption expenditures.
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Item type: Monograph(Discussion paper) ID code: 68101 Dates: DateEvent2013PublishedNotes: Published as a paper within the Discussion Papers in Economics, No. 13-14 (2013) Subjects: Social Sciences > Economic Theory
Social Sciences > Social Sciences (General)Department: Strathclyde Business School > Economics Depositing user: Pure Administrator Date deposited: 29 May 2019 11:07 Last modified: 08 Aug 2024 00:42 URI: https://strathprints.strath.ac.uk/id/eprint/68101