AN ESSAY ON CONSUMPTION HYPOTHESES: EVIDENCE FROM PAKISTAN
| العنوان: | AN ESSAY ON CONSUMPTION HYPOTHESES: EVIDENCE FROM PAKISTAN |
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| المؤلفون: | Saima Liaqat, Marguerite Wotto, Khalid S. Khan |
| المصدر: | Pakistan Journal of Humanities and Social Sciences Research. 3:23-32 |
| بيانات النشر: | Women University Mardan, 2020. |
| سنة النشر: | 2020 |
| مصطلحات موضوعية: | Consumption (economics), Economics, Classical economics |
| الوصف: | In this study, the ARDL method is used to assess short-term and longterm relationships between private consumption, labor income, interest rate, wealth, and unemployment rate. The real private consumption model for Pakistan has been estimated by applying yearly data from 1990 to 2016. According to long-term estimates, income and wealth determine the actual national consumption. Nevertheless, the short run national private consumption is determined by current incomes, wealth, real interest rates, and the unemployment rate. Findings of this study reveal significant impact of all the observed determinants of consumption function i.e. real disposable income, wealth, real interest rate, and unemployment rate on aggregate consumption. Whereas it is noteworthy that the coefficient for wealth was minor but significant, depicting slight impact of wealth on consumption decision. These results support validity of AIH for Pakistan. |
| تدمد: | 2663-922X 2663-9211 |
| DOI: | 10.37605/pjhssr.3.1.4 |
| URL الوصول: | https://explore.openaire.eu/search/publication?articleId=doi_________::8e0f204df7ece48dca2a76f0ac7c99d6 https://doi.org/10.37605/pjhssr.3.1.4 |
| Rights: | OPEN |
| رقم الانضمام: | edsair.doi...........8e0f204df7ece48dca2a76f0ac7c99d6 |
| قاعدة البيانات: | OpenAIRE |
| تدمد: | 2663922X 26639211 |
|---|---|
| DOI: | 10.37605/pjhssr.3.1.4 |