INTEGRATING A HOUSEHOLD DEMAND SYSTEM IN THE INPUT-OUTPUT FRAMEWORK. METHODOLOGICAL ASPECTS AND MODELLING IMPLICATIONS

Ignazio Mongelli, Frederik Neuwahl and José Rueda-Cantuche

Economic Systems Research, 2010, vol. 22, issue 3, 201-222

Abstract: In this paper we argue that an accurate representation of household consumption behaviour is central to the analysis and comparison of policy interventions addressing sustainable consumption. Therefore, we propose to extend an input-output model with a specific household consumption model, at the core of which is a system of equations explaining the allocation of the households' overall expenditure across different purposes, such as buying food, the consumption of fuel for heating or electricity for cooling, education of children or travelling in terms of total expenditure and relative prices. This paper shows that the integration of a specific module for household consumption in a standard input-output model is an improvement for the analysis of the policies aimed at altering consumer behaviour.

Keywords: Sustainable consumption analysis; Econometric input-output model; Household demand system; Consumption technology; Purchasers' versus basic prices (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (9)

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DOI: 10.1080/09535314.2010.501428

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