UK Consumers' Expenditure over 40 Years

David Fielding

No 98/6, Discussion Papers in Economics from Division of Economics, School of Business, University of Leicester

Abstract: Using quarterly data for the last four decades, we test a number of traditional assumptions about aggregate consumer behaviour in the UK, with regard to the order of integration of the time series, the income elasticity of consumption and the stability of the parameters of the consumption function. In all cases, modification of these assumptions now appears to be necessary.

JEL-codes: E21 (search for similar items in EconPapers)
Date: 1998-09
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