A Re-examination of Private Consumption in Fiji
AbstractRecently the Reserve Bank of Fiji (RBF) claimed that private consumption expenditure in Fiji has grown considerably in past years. For policy purposes, it is important to re-investigate the determinants of consumption in Fiji. This paper used alternative time series techniques to estimate real private consumption for Fiji using annual data from 1975-2005. It is found that the income and availability of consumer credit elasticities are significant and plausible. A stable real private consumption function is also attained using CUSUM and CUSUMSQ tests.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 18706.
Date of creation: 19 Apr 2009
Date of revision:
Real Private Consumption; Income Elasticity and Availability of Consumer Credit Elasticity.;
Find related papers by JEL classification:
- C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models
- E21 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-11-21 (All new papers)
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