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Consumer expenditure in South Africa: a time-series model

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  • David Fielding

Abstract

A time-series model of private consumption in South Africa is presented. Consumer expenditure is found to be sensitive not only to income, but also to the source of income, interest rates and measures of political and economic uncertainty.

Suggested Citation

  • David Fielding, 1996. "Consumer expenditure in South Africa: a time-series model," Applied Economics Letters, Taylor & Francis Journals, vol. 3(6), pages 385-389.
    • Handle: RePEc:taf:apeclt:v:3:y:1996:i:6:p:385-389
    DOI: 10.1080/135048596356285
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    References listed on IDEAS

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    1. Rothschild, Michael & Stiglitz, Joseph E., 1971. "Increasing risk II: Its economic consequences," Journal of Economic Theory, Elsevier, vol. 3(1), pages 66-84, March.
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    3. Davidson, James E H, et al, 1978. "Econometric Modelling of the Aggregate Time-Series Relationship between Consumers' Expenditure and Income in the United Kingdom," Economic Journal, Royal Economic Society, vol. 88(352), pages 661-692, December.
    4. Miller, Bruce L., 1976. "The effect on optimal consumption of increased uncertainty in labor income in the multiperiod case," Journal of Economic Theory, Elsevier, vol. 13(1), pages 154-167, August.
    5. Perron, Pierre, 1989. "The Great Crash, the Oil Price Shock, and the Unit Root Hypothesis," Econometrica, Econometric Society, vol. 57(6), pages 1361-1401, November.
    6. Giovannini, Alberto, 1985. "Saving and the real interest rate in LDCs," Journal of Development Economics, Elsevier, vol. 18(2-3), pages 197-217, August.
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