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Understanding Consumption Patterns

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  • K.W. Clements
  • S. Selvanathan

Abstract

The analysis of consumer demand is one of the major successes of economics as it represents the near perfect marriage of theory and econometrics. This paper reviews, distills and systematises some of the major empirical findings on consumption patterns, concentrating in particular on the more recent (and in some cases, more controversial) evidence. One of the key conclusions of the paper is that on the basis on new methods, the hypotheses of homogeneity, symmetry and preference independence are not at such wide variance with the data as was once thought to be the case.
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Suggested Citation

  • K.W. Clements & S. Selvanathan, 1992. "Understanding Consumption Patterns," Economics Discussion / Working Papers 92-13, The University of Western Australia, Department of Economics.
    • Handle: RePEc:uwa:wpaper:92-13
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    Cited by:

    1. Foellmi, Reto & Zweimüller, Josef, 2008. "Structural change, Engel's consumption cycles and Kaldor's facts of economic growth," Journal of Monetary Economics, Elsevier, vol. 55(7), pages 1317-1328, October.
    2. Leon Podkaminer, 2004. "Why is food cheaper in rich (European) countries?," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 57(230), pages 297-327.
    3. Nektarios A. Michail, 2020. "Convergence of consumption patterns in the European Union," Empirical Economics, Springer, vol. 58(3), pages 979-994, March.
    4. Yu, Wusheng & Hertel, Thomas W. & Preckel, Paul V. & Eales, James S., 2004. "Projecting world food demand using alternative demand systems," Economic Modelling, Elsevier, vol. 21(1), pages 99-129, January.
    5. Clements, Kenneth W. & Gao, Grace, 2015. "The Rotterdam demand model half a century on," Economic Modelling, Elsevier, vol. 49(C), pages 91-103.
    6. Kenneth Clements & Wana Yang & Simon Zheng, 1997. "Is utility additive? The case of alcohol," Applied Economics, Taylor & Francis Journals, vol. 29(9), pages 1163-1167.
    7. Kaushik Deb & Massimo Filippini, 2013. "Public Bus Transport Demand Elasticities in India," Journal of Transport Economics and Policy, University of Bath, vol. 47(3), pages 419-436, September.
    8. Wassie Berhanu & Bichaka Fayissa, 2010. "Analysis of the Household Economy and Expenditure Patterns of a Traditional Pastoralist Society in Southern Ethiopia," Working Papers 201005, Middle Tennessee State University, Department of Economics and Finance.
    9. C. Dongling, 1993. "Introduction to World Consumption Economics," Economics Discussion / Working Papers 93-23, The University of Western Australia, Department of Economics.
    10. Vasily Astrov & Leon Podkaminer, 2017. "Energy Tariff Reform in Ukraine: Estimated Effects and Policy Options," wiiw Research Reports 416, The Vienna Institute for International Economic Studies, wiiw.
    11. Xin Gu & Zhang-Yue Zhou & Yan-Rui Wu, 2019. "Understanding China’S Urban Consumption Patterns: New Estimates And Implications," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 64(04), pages 961-981, September.
    12. W D A Bryant, 2009. "General Equilibrium:Theory and Evidence," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 6875, December.
    13. Kenneth Clements & Wana Yang & Dongling Chen, 2001. "The matrix approach to evaluating demand equations," Applied Economics, Taylor & Francis Journals, vol. 33(8), pages 957-967.
    14. Leon Podkaminer, 2013. "Persistent gaps between purchasing power parities and exchange rates under the law of one price: a puzzle (partly) explained?," Bank i Kredyt, Narodowy Bank Polski, vol. 44(4), pages 333-352.
    15. Andreas Chai & Christian Kiedaisch & Nicholas Rohde, 2017. "The saturation of spending diversity and the truth about Mr Brown and Mrs Jones," Discussion Papers in Economics economics:201701, Griffith University, Department of Accounting, Finance and Economics.
    16. Chen, Quanrun & Dietzenbacher, Erik & Los, Bart & Yang, Cuihong, 2016. "Modeling the short-run effect of fiscal stimuli on GDP: A new semi-closed input–output model," Economic Modelling, Elsevier, vol. 58(C), pages 52-63.
    17. Haiyan Liu, 2016. "The Income And Price Sensitivity Of Diets Globally," Economics Discussion / Working Papers 16-22, The University of Western Australia, Department of Economics.
    18. Alessandro Podkaminer, 2004. "PerchŽ i generi alimentari sono meno costosi nei paesi (europei) ricchi?," Moneta e Credito, Economia civile, vol. 57(227), pages 311-345.
    19. Yu, Wusheng & Hertel, Thomas W. & Preckel, Paul V. & Eales, James S., 2004. "Projecting world food demand using alternative demand systems," Economic Modelling, Elsevier, vol. 21(1), pages 99-129, January.
    20. Andreas Chai & Nicholas Rohde & Jacques Silber, 2015. "Measuring The Diversity Of Household Spending Patterns," Journal of Economic Surveys, Wiley Blackwell, vol. 29(3), pages 423-440, July.
    21. Guang Wan, 1996. "Using panel data to estimate Engel functions: food consumption in China," Applied Economics Letters, Taylor & Francis Journals, vol. 3(9), pages 621-624.
    22. Bohman, Helena & Nilsson, Désirée, 2006. "Income Inequality as a Determinant of Trade Flows," Working Paper Series in Economics and Institutions of Innovation 73, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    23. Paul Oslington, 2012. "General Equilibrium: Theory and Evidence," The Economic Record, The Economic Society of Australia, vol. 88(282), pages 446-448, September.
    24. Kenneth W Clements & Yihui Lan & Haiyan Liu & Long Vo, 2022. "The Icp, Ppp And Household Expenditure Patterns," Economics Discussion / Working Papers 22-18, The University of Western Australia, Department of Economics.

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