IDEAS home Printed from https://ideas.repec.org/a/bla/manch2/v62y1994i3p251-74.html
   My bibliography  Save this article

Consumers' Expenditure on Non-durables and Services and Housing Equity Withdrawal in the United Kingdom

Author

Listed:
  • Patterson, Kerry D

Abstract

The author emphasizes here a number of factors that have not previously been highlighted in an explanation of consumers' expenditure on nondurables and services. The author shows that the liberalization of financial and housing markets in the United Kingdom in the 1980s involved an increase in the withdrawal of housing equity with consequential effects for consumers' expenditure. The author also suggests that the role of the stock of consumers' durables has been neglected in explaining consumers' expenditure on nondurables and services. An analysis using S. Johansen's maximum likelihood method of estimating cointegrating vectors is compared with the Engle-Granger two-step approach and with a reparameterized error-correction model. Copyright 1994 by Blackwell Publishers Ltd and The Victoria University of Manchester

Suggested Citation

  • Patterson, Kerry D, 1994. "Consumers' Expenditure on Non-durables and Services and Housing Equity Withdrawal in the United Kingdom," The Manchester School of Economic & Social Studies, University of Manchester, vol. 62(3), pages 251-274, September.
    • Handle: RePEc:bla:manch2:v:62:y:1994:i:3:p:251-74
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Takala, Kari, 1995. "The consumption function revisited : an error-correction model for Finnish consumption," Research Discussion Papers 20/1995, Bank of Finland.
    2. repec:zbw:bofrdp:1995_020 is not listed on IDEAS
    3. Takala, Kari, 1995. "The consumption function revisited: an error-correction model for Finnish consumption," Bank of Finland Research Discussion Papers 20/1995, Bank of Finland.
    4. Patterson, K. D., 1995. "Forecasting the final vintage of real personal disposable income: A state space approach," International Journal of Forecasting, Elsevier, vol. 11(3), pages 395-405, September.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:manch2:v:62:y:1994:i:3:p:251-74. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/semanuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.