Modeling Singapore’s aggregate consumption.

• Main Authors: Wang, Xiaojun., You, Siang Hiang., Saravanan Chandra.
• Other Authors: Tan, Randolph Gee Kwang
• Format: Final Year Project
• Language: English
• Published: 2008
• Subjects: DRNTU::Social sciences::Economic theory; DRNTU::Social sciences::Economic development::Singapore
• Online Access: http://hdl.handle.net/10356/13379
• Institution: Nanyang Technological University

In this paper; we examine the impact of income changes on short run consumption and analyze the impact of housing wealth effect on the long run level of consumption. Due to data constraints; we constructed several variables such as disposable income and proxies for public and private housing wealth....