Comparing international consumption patterns

Modeling International Consumption Patterns

This article addresses a number of key problems commonly confronted in the literature on international demand analysis. These include data issues and requirements, multistage budgeting, outliers, group heteroskedasticity, and model selection. A two-stage demand system is fit to International Comparison Programme data for 114 countries for nine aggregate categories and eight food sub-categories ...

Consumption Patterns

The Keele Economics Department produces this series of research papers in order to stimulate discussion and invite feedback. Copyright remains with the authors. All papers in the kerp series are available for downloading from the Keele Economics website, via Abstract This paper establishes a theoretical framework to characterise the optimal behaviour of individuals who receive income periodical...

Changing Patterns of Consumption

When mutual developed and developing world accusations of overpopulation and overconsumption are analyzed, several levels of confusion can be pointed out. Since proposals to change global patterns of consumption come from different and even conflicting sources, they should be the object of careful consideration. Changes in consumption influence employment, and therefore they could be detrimenta...

Changing Consumption Patterns

Consumption, Investment and International Linkages

We thank David Gruen and Geoff Shuetrim for comments. The views expressed in this paper are those of the authors and do not necessarily reflect the views of the Reserve Bank of Australia.