Annual consumption functions - a Scottish-UK comparison, 1971-1985

D.R. Holden, P.G. McGregor

Research output: Contribution to journalArticle

3 Citations (Scopus)

Abstract

This paper investigates the performance of a number of recently proposed 'consumption functions' using annual Scottish and UK data for the period 1971 to 1985. Whilst the exercise is 'atheoretical' in the sense that no attempt is made to tie estimated models to specific theories, the influences considered do reflect an underlying conviction that a full understanding of consumption functions ultimately necessitates an integrated framework for modelling household behaviour. In this context a number of recent models may be treated as non-competing and separate investigation of non-durable and durable expenditures may be helpful in evaluating competing explanations of recent consumption behaviour. Data coherent models of non-durable expenditures are obtained, although such specifications proved elusive for durables. Overall, there was some supporting evidence for the intuitive systems-perspective which motivated the analysis.
LanguageEnglish
Pages247-259
Number of pages12
JournalRegional Studies
Volume24
Issue number3
DOIs
Publication statusPublished - Jun 1990

Fingerprint

consumption function
expenditure
expenditures
consumption behavior
modeling
performance
evidence
comparison
consumption

Keywords

  • consumption
  • Scotland
  • UK
  • 1971-1985

Cite this

@article{57b6fd1378924d7584a490e6f4691e28,
title = "Annual consumption functions - a Scottish-UK comparison, 1971-1985",
abstract = "This paper investigates the performance of a number of recently proposed 'consumption functions' using annual Scottish and UK data for the period 1971 to 1985. Whilst the exercise is 'atheoretical' in the sense that no attempt is made to tie estimated models to specific theories, the influences considered do reflect an underlying conviction that a full understanding of consumption functions ultimately necessitates an integrated framework for modelling household behaviour. In this context a number of recent models may be treated as non-competing and separate investigation of non-durable and durable expenditures may be helpful in evaluating competing explanations of recent consumption behaviour. Data coherent models of non-durable expenditures are obtained, although such specifications proved elusive for durables. Overall, there was some supporting evidence for the intuitive systems-perspective which motivated the analysis.",
keywords = "consumption, Scotland, UK, 1971-1985",
author = "D.R. Holden and P.G. McGregor",
year = "1990",
month = "6",
doi = "10.1080/00343409012331345954",
language = "English",
volume = "24",
pages = "247--259",
journal = "Regional Studies",
issn = "0034-3404",
number = "3",

}

Annual consumption functions - a Scottish-UK comparison, 1971-1985. / Holden, D.R.; McGregor, P.G.

In: Regional Studies, Vol. 24, No. 3, 06.1990, p. 247-259.

Research output: Contribution to journalArticle

TY - JOUR

T1 - Annual consumption functions - a Scottish-UK comparison, 1971-1985

AU - Holden, D.R.

AU - McGregor, P.G.

PY - 1990/6

Y1 - 1990/6

N2 - This paper investigates the performance of a number of recently proposed 'consumption functions' using annual Scottish and UK data for the period 1971 to 1985. Whilst the exercise is 'atheoretical' in the sense that no attempt is made to tie estimated models to specific theories, the influences considered do reflect an underlying conviction that a full understanding of consumption functions ultimately necessitates an integrated framework for modelling household behaviour. In this context a number of recent models may be treated as non-competing and separate investigation of non-durable and durable expenditures may be helpful in evaluating competing explanations of recent consumption behaviour. Data coherent models of non-durable expenditures are obtained, although such specifications proved elusive for durables. Overall, there was some supporting evidence for the intuitive systems-perspective which motivated the analysis.

AB - This paper investigates the performance of a number of recently proposed 'consumption functions' using annual Scottish and UK data for the period 1971 to 1985. Whilst the exercise is 'atheoretical' in the sense that no attempt is made to tie estimated models to specific theories, the influences considered do reflect an underlying conviction that a full understanding of consumption functions ultimately necessitates an integrated framework for modelling household behaviour. In this context a number of recent models may be treated as non-competing and separate investigation of non-durable and durable expenditures may be helpful in evaluating competing explanations of recent consumption behaviour. Data coherent models of non-durable expenditures are obtained, although such specifications proved elusive for durables. Overall, there was some supporting evidence for the intuitive systems-perspective which motivated the analysis.

KW - consumption

KW - Scotland

KW - UK

KW - 1971-1985

UR - http://dx.doi.org/10.1080/00343409012331345954

U2 - 10.1080/00343409012331345954

DO - 10.1080/00343409012331345954

M3 - Article

VL - 24

SP - 247

EP - 259

JO - Regional Studies

T2 - Regional Studies

JF - Regional Studies

SN - 0034-3404

IS - 3

ER -