A model of economic behaviour of the personal sector in the United Kingdom; 1963 to 1974
A model of economic behaviour of the personal sector in the United Kingdom; 1963 to 1974
In This thesis a quarterly nualel to explain the econoudc behaviour ol'the personal sector in the United K ingdoin Is specified, citinudcd and simulated over the period 196.1 to 1974,primary source of interest in the personal sector is lite fact that all private consumption expenditure decisions emanate from this sector and an econometric study ol'such decisions forms an important part of this thesis. Private Consnlliptloll expenditures arc sub-divided into expenditures on non-durable goods and services and expenditures on doable goods and separate equations tore specified for each of these conlponcuts. An important conclusion which emerged was that, in addition to being influenced by 'conventional' variables like disposable income, consumption expenditures on non-durable goods and services were also influenced by holdings of liquid assets. On the other hand, expenditure on durable goods was influenced by the availability of hire purchase and hank credit. To explain this last relationship further equations to explain the (net) issue or balk and hire purchase credit to the personal sector were specified. The equations were estimated fusing a variety of techniques, ranging from 'single equation' to 'full information' methods. Finally the model was simulated over the sample period and selected policy experiments carried out.
University of Southampton
1978
Borooah, Vani Kant
(1978)
A model of economic behaviour of the personal sector in the United Kingdom; 1963 to 1974.
University of Southampton, Doctoral Thesis.
Record type:
Thesis
(Doctoral)
Abstract
In This thesis a quarterly nualel to explain the econoudc behaviour ol'the personal sector in the United K ingdoin Is specified, citinudcd and simulated over the period 196.1 to 1974,primary source of interest in the personal sector is lite fact that all private consumption expenditure decisions emanate from this sector and an econometric study ol'such decisions forms an important part of this thesis. Private Consnlliptloll expenditures arc sub-divided into expenditures on non-durable goods and services and expenditures on doable goods and separate equations tore specified for each of these conlponcuts. An important conclusion which emerged was that, in addition to being influenced by 'conventional' variables like disposable income, consumption expenditures on non-durable goods and services were also influenced by holdings of liquid assets. On the other hand, expenditure on durable goods was influenced by the availability of hire purchase and hank credit. To explain this last relationship further equations to explain the (net) issue or balk and hire purchase credit to the personal sector were specified. The equations were estimated fusing a variety of techniques, ranging from 'single equation' to 'full information' methods. Finally the model was simulated over the sample period and selected policy experiments carried out.
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Published date: 1978
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Local EPrints ID: 459767
URI: http://eprints.soton.ac.uk/id/eprint/459767
PURE UUID: cb4dbcf6-ed22-428e-8cf0-b9f1a9c41df8
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Date deposited: 04 Jul 2022 17:18
Last modified: 04 Jul 2022 17:18
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Author:
Vani Kant Borooah
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