Modeling Singapore’s aggregate consumption.

Modeling Singapore’s aggregate consumption.

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....

Full description

Saved in:
Bibliographic Details
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
Tags: Add Tag
No Tags, Be the first to tag this record!
Institution: Nanyang Technological University
Language: English
Description
Summary: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. We find that long run consumption in Singapore is affected by disposable income and consumption in the previous period; whereas the short run consumption is affected by disposable income as well as housing wealth.

Similar Items