REAL PRIVATE AGGREGATE CONSUMPTION DETERMINANTS IN BANGLADESH

http://dx.doi.org/10.31703/ger.2022(VII-II).09      10.31703/ger.2022(VII-II).09      Published : Jun 2
Authored by : Imran Khan , Sara Rafiq , Khalid Khan

09 Pages : 103-111

References

  • Ahmed, N., Liaqat, S., Yousaf, H., Rasheed, B., & Khan, K. (2020). An Assessment of the Consumption Function for Iran. European Online Journal of Natural and Social Sciences, 9(2), 351-358. https://european-science.com/eojnss/article/view/5944/pdf
  • Ahmed, M., Khan, K., Lodhi, A. S., & Memon, M. H. (2017). Estimation of aggregate consumption function for high income countries. Pakistan Business Review, 19(1), 24-45.
  • Campbell, J. Y., & Mankiw, N. G. (1990). Permanent Income, Current Income, and Consumption. Journal of Business & Economic Statistics, 8(3), 265. https://doi.org/10.2307/1391964
  • e Juan, J. P., & Seater, J. J. (1997). A Cross- country Test of the Permanent Income Hypothesis. International Review of Applied Economics, 11(3), 451–468. https://doi.org/10.1080/02692179700000029
  • Engle, R. F., & Granger, C. W. J. (1987). Co- Integration and Error Correction: Representation, Estimation, and Testing. Econometrica, 55(2), 251. https://doi.org/10.2307/1913236
  • Friedman, M. (1947 ). A Theory of the Consumption Function, Princeton: Princeton University press 1956.
  • Hsieh, W. J., & HSING, Y. (1994). TESTS OF NONLINEAR CONSUMPTION FUNCTIONS: THE CASE OF KOREA, TAIWAN, THAILAND AND INDIA. International Economic Journal, 8(2), 71– 81. https://doi.org/10.1080/10168739400080014
  • Johansen, S., & Juselius, K. (2009). Maximum Likelihood Estimation And Inference On Cointegration - With Applications To The Demand For Money. Oxford Bulletin of Economics and Statistics, 52(2), 169–210. https://doi.org/10.1111/j.1468-0084.1990.mp52002003.x
  • Johansen, S. (1988). Statistical analysis of co- integration vectors. Journal of Economic Dynamics and Control, 12(2–3), 231–254. https://doi.org/10.1016/0165-1889(88)90041-3
  • Johansen, S. (1996), "Estimation and Hypothesis Testing of Cointegration Vectors in Gaussian Vector Autoregressive Models", Econometrica; 59(6): 1551- 1580.
  • Keynes, J.M., (1936) The Genera Theory of Employment Interest and Money, London Macmillan, 1936.
  • Lunfang, D., Khan, K., Khan, I., & Khan, N. H. (2018). Testing the empirical validity of permanent income hypothesis and absolute income hypothesis for China. The Empirical Economics Letters, 17(4), 453-460.
  • Liaqat, S., Khan, K., & Bunnika, P. (2016). China’s Consumption Function: An Empirical Test of Absolute and Permanent Income Hypothesis. Global Economics Review, III(I), 90–97. https://doi.org/10.31703/ger.2018(iii-i).10
  • Liaqat, S., Wotto, M., & Khan, K. (2020). Estimation of Consumption Function for Developing Economies: China, Turkey, Vietnam and Bangladesh. I, V(I), 1–11. https://doi.org/10.31703/ger.2020(v-i).01
  • Khan, K., Wotto, M., & Liaqat, S. (2020). AN ESSAY ON CONSUMPTION HYPOTHESES: EVIDENCE FROM PAKISTAN. Pakistan Journal of Humanities and Social Sciences Research, 3(01), 23–32. https://doi.org/10.37605/pjhssr.3.1.4
  • Khan, K., & Nishat, M. (2011). Permanent income hypothesis, myopia and liquidity constraints: A case study of Pakistan. Pakistan Journal of Social Sciences (PJSS), 31(2), 299-307.
  • Khan, K., & Che, M. H. M. (2012). The Testing of Hall's Permanent Income Hypothesis: A Case Study of Vietnam. Asian Economic and Financial Review, 2(4), 518.
  • Khan, K., Anwar, S., Ahmed, M., & Kamal, M. A. (2015). Estimation of consumption functions: the case of Bangladesh, India, Nepal, Pakistan and Sri Lanka. Pakistan Business Review, 17(1), 113-124.
  • Khoon, L. G. & Richard, D., (2002) “ Modeling New Zealand Consumption Expenditure over the 1990s,” New Zealand Treasury, Working Paper 02/19
  • Kuznets, S. (1946). National product since 1869 (assisted by L. Epsteion and E. Zanks), New York, National Bureau of economics research.
  • Lavi, Y. (2003) .“Do Changes in Current Income Help to Explain Changes in Consumption in Israel,” Journal of Israel Economics Review, 2, 113-135
  • Modigliani, F. & Brumbergh, R.(1954). “Utility Analysis and The Consumption,” Economics Journal, 88, 661-692.
  • Pesaran, M. H., Shin, Y., & Smith, R. J. (2001). Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics, 16(3), 289–326. https://doi.org/10.1002/jae.616
  • Pesaran, H. M., & Shin, Y. (1999). Autoregressive Distributed Lag Modelling Approach to Cointegration Analysis,Chapter 11, in Storm, S., (ed.), Econometrics and Economic Theory in the 20th. Century: The Ragnar Frisch Centennial Symposium. Cambridge University Press: Cambridge.
  • Rao, B. B. (2005). Testing Hall’s permanent income hypothesis for a developing country: the case of Fiji. Applied Economics Letters, 12(4), 245–248. https://doi.org/10.1080/1350485052000337798
  • Shea, J. (1995). Myopia, Liquidity Constraints, and Aggregate Consumption: A Simple Test. Journal of Money, Credit and Banking, 27(3), 798. https://doi.org/10.2307/2077751
  • Shirvani, H., & Wilbratte, B. (2008). The permanent income hypothesis in five major industrial countries: a multivariate trend-cycle decomposition test. Journal of Economics and Finance, 33(1), 43–59. https://doi.org/10.1007/s12197-008-9053-3

References

  • Ahmed, N., Liaqat, S., Yousaf, H., Rasheed, B., & Khan, K. (2020). An Assessment of the Consumption Function for Iran. European Online Journal of Natural and Social Sciences, 9(2), 351-358. https://european-science.com/eojnss/article/view/5944/pdf
  • Ahmed, M., Khan, K., Lodhi, A. S., & Memon, M. H. (2017). Estimation of aggregate consumption function for high income countries. Pakistan Business Review, 19(1), 24-45.
  • Campbell, J. Y., & Mankiw, N. G. (1990). Permanent Income, Current Income, and Consumption. Journal of Business & Economic Statistics, 8(3), 265. https://doi.org/10.2307/1391964
  • e Juan, J. P., & Seater, J. J. (1997). A Cross- country Test of the Permanent Income Hypothesis. International Review of Applied Economics, 11(3), 451–468. https://doi.org/10.1080/02692179700000029
  • Engle, R. F., & Granger, C. W. J. (1987). Co- Integration and Error Correction: Representation, Estimation, and Testing. Econometrica, 55(2), 251. https://doi.org/10.2307/1913236
  • Friedman, M. (1947 ). A Theory of the Consumption Function, Princeton: Princeton University press 1956.
  • Hsieh, W. J., & HSING, Y. (1994). TESTS OF NONLINEAR CONSUMPTION FUNCTIONS: THE CASE OF KOREA, TAIWAN, THAILAND AND INDIA. International Economic Journal, 8(2), 71– 81. https://doi.org/10.1080/10168739400080014
  • Johansen, S., & Juselius, K. (2009). Maximum Likelihood Estimation And Inference On Cointegration - With Applications To The Demand For Money. Oxford Bulletin of Economics and Statistics, 52(2), 169–210. https://doi.org/10.1111/j.1468-0084.1990.mp52002003.x
  • Johansen, S. (1988). Statistical analysis of co- integration vectors. Journal of Economic Dynamics and Control, 12(2–3), 231–254. https://doi.org/10.1016/0165-1889(88)90041-3
  • Johansen, S. (1996), "Estimation and Hypothesis Testing of Cointegration Vectors in Gaussian Vector Autoregressive Models", Econometrica; 59(6): 1551- 1580.
  • Keynes, J.M., (1936) The Genera Theory of Employment Interest and Money, London Macmillan, 1936.
  • Lunfang, D., Khan, K., Khan, I., & Khan, N. H. (2018). Testing the empirical validity of permanent income hypothesis and absolute income hypothesis for China. The Empirical Economics Letters, 17(4), 453-460.
  • Liaqat, S., Khan, K., & Bunnika, P. (2016). China’s Consumption Function: An Empirical Test of Absolute and Permanent Income Hypothesis. Global Economics Review, III(I), 90–97. https://doi.org/10.31703/ger.2018(iii-i).10
  • Liaqat, S., Wotto, M., & Khan, K. (2020). Estimation of Consumption Function for Developing Economies: China, Turkey, Vietnam and Bangladesh. I, V(I), 1–11. https://doi.org/10.31703/ger.2020(v-i).01
  • Khan, K., Wotto, M., & Liaqat, S. (2020). AN ESSAY ON CONSUMPTION HYPOTHESES: EVIDENCE FROM PAKISTAN. Pakistan Journal of Humanities and Social Sciences Research, 3(01), 23–32. https://doi.org/10.37605/pjhssr.3.1.4
  • Khan, K., & Nishat, M. (2011). Permanent income hypothesis, myopia and liquidity constraints: A case study of Pakistan. Pakistan Journal of Social Sciences (PJSS), 31(2), 299-307.
  • Khan, K., & Che, M. H. M. (2012). The Testing of Hall's Permanent Income Hypothesis: A Case Study of Vietnam. Asian Economic and Financial Review, 2(4), 518.
  • Khan, K., Anwar, S., Ahmed, M., & Kamal, M. A. (2015). Estimation of consumption functions: the case of Bangladesh, India, Nepal, Pakistan and Sri Lanka. Pakistan Business Review, 17(1), 113-124.
  • Khoon, L. G. & Richard, D., (2002) “ Modeling New Zealand Consumption Expenditure over the 1990s,” New Zealand Treasury, Working Paper 02/19
  • Kuznets, S. (1946). National product since 1869 (assisted by L. Epsteion and E. Zanks), New York, National Bureau of economics research.
  • Lavi, Y. (2003) .“Do Changes in Current Income Help to Explain Changes in Consumption in Israel,” Journal of Israel Economics Review, 2, 113-135
  • Modigliani, F. & Brumbergh, R.(1954). “Utility Analysis and The Consumption,” Economics Journal, 88, 661-692.
  • Pesaran, M. H., Shin, Y., & Smith, R. J. (2001). Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics, 16(3), 289–326. https://doi.org/10.1002/jae.616
  • Pesaran, H. M., & Shin, Y. (1999). Autoregressive Distributed Lag Modelling Approach to Cointegration Analysis,Chapter 11, in Storm, S., (ed.), Econometrics and Economic Theory in the 20th. Century: The Ragnar Frisch Centennial Symposium. Cambridge University Press: Cambridge.
  • Rao, B. B. (2005). Testing Hall’s permanent income hypothesis for a developing country: the case of Fiji. Applied Economics Letters, 12(4), 245–248. https://doi.org/10.1080/1350485052000337798
  • Shea, J. (1995). Myopia, Liquidity Constraints, and Aggregate Consumption: A Simple Test. Journal of Money, Credit and Banking, 27(3), 798. https://doi.org/10.2307/2077751
  • Shirvani, H., & Wilbratte, B. (2008). The permanent income hypothesis in five major industrial countries: a multivariate trend-cycle decomposition test. Journal of Economics and Finance, 33(1), 43–59. https://doi.org/10.1007/s12197-008-9053-3

Cite this article

APA

CHICAGO

    CHICAGO : Khan, Imran, Sara Rafiq, and Khalid Khan. 2022. "Real Private Aggregate Consumption Determinants in Bangladesh." Global Economics Review, VII (II): 103-111 doi: 10.31703/ger.2022(VII-II).09

HARVARD

    HARVARD : KHAN, I., RAFIQ, S. & KHAN, K. 2022. Real Private Aggregate Consumption Determinants in Bangladesh. Global Economics Review, VII, 103-111.

MHRA

    MHRA : Khan, Imran, Sara Rafiq, and Khalid Khan. 2022. "Real Private Aggregate Consumption Determinants in Bangladesh." Global Economics Review, VII: 103-111

MLA

    MLA : Khan, Imran, Sara Rafiq, and Khalid Khan. "Real Private Aggregate Consumption Determinants in Bangladesh." Global Economics Review, VII.II (2022): 103-111 Print.

OXFORD

    OXFORD : Khan, Imran, Rafiq, Sara, and Khan, Khalid (2022), "Real Private Aggregate Consumption Determinants in Bangladesh", Global Economics Review, VII (II), 103-111

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