An Influence of Relative Income on the Marginal Propensity to Consume - Evidence from Shanghai

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F16%3A86098400" target="_blank" >RIV/61989100:27510/16:86098400 - isvavai.cz</a>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

An Influence of Relative Income on the Marginal Propensity to Consume - Evidence from Shanghai

Popis výsledku v původním jazyce

This study deals with the question whether there is a relationship between the marginal propensity to consume and the status of the household in income distribution represented by a relative income. If so, then the current assumption of mainstream theory of consumption about the constant marginal propensity to consume could no longer be considered realistic and it will be necessary to take the element of relative income as a new key determinant of general consumption function. The aim of this work is to identify, describe and prove an influence of relative income on the marginal propensity to consume using data for urban residents of Shanghai and to prove the correctness of Duesenberry's relative income hypothesis. To achieve this goal, we use a panel regression, which results clearly confirm the validity of the initial hypothesis about the existence of functional dependence of the marginal propensity to consume on the relative income and so it fully supports the idea of interdependent concept of utility and consumption.

Název v anglickém jazyce

An Influence of Relative Income on the Marginal Propensity to Consume - Evidence from Shanghai

Popis výsledku anglicky

This study deals with the question whether there is a relationship between the marginal propensity to consume and the status of the household in income distribution represented by a relative income. If so, then the current assumption of mainstream theory of consumption about the constant marginal propensity to consume could no longer be considered realistic and it will be necessary to take the element of relative income as a new key determinant of general consumption function. The aim of this work is to identify, describe and prove an influence of relative income on the marginal propensity to consume using data for urban residents of Shanghai and to prove the correctness of Duesenberry's relative income hypothesis. To achieve this goal, we use a panel regression, which results clearly confirm the validity of the initial hypothesis about the existence of functional dependence of the marginal propensity to consume on the relative income and so it fully supports the idea of interdependent concept of utility and consumption.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2016

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Proceedings of the 2nd Czech-China Scientific Conference 2016 : June 7, 2016, Ostrava, Czech Republic

ISBN

978-953-51-2857-1

ISSN

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e-ISSN

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Počet stran výsledku

13

Strana od-do

91-104

Název nakladatele

InTech

Místo vydání

Rijeka

Místo konání akce

Ostrava

Datum konání akce

7. 6. 2016

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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