A Tentative Test of Permanent Income Hypothesis

Цена 50.00 - 94.18 USD

EAN/UPC/ISBN Code 9783659503702


Автор


Страниц 76

Год выпуска 2014

Форма выпуска 152x220

The book presents, in some detail, the application of the log linear and the ordered logit models. The results from the models are thorughly discussed to make them interesting to the experts and very useful for people learning the application of such models. In addition, a thorough discussion of relevant consumption theories is undertaken, carefully linking the discussion to poverty. All these set up a foundation for the test of the postulation that consumption expendutures are less tied to fluctuations in income, the latter being a common phenomenon in most developing countries. The hypothesis is rejected on the basis of the findings.