Download or read book Recent Developments in Applied Demand Analysis written by E.A. Selvanathan and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study of consumer demand is important for a number of reasons. First, as total consumption absorbs more than 70 percent of GDP in most countries, it is the largest of the macroeconomic aggregates, thus having great significance for the state of the economy as a whole and business conditions. Second, the pattern of consumption contains a wealth of useful information regarding economic welfare and living standards. Closely allied to this is that as consumption (both current and future) is the ultimate objective of all economic activity and economic systems (mercantilists notwithstanding), in a fundamental sense consumption patterns are an objective way of measuring and assessing economic performance. Finally, an understanding of the price-responsiveness of consumption is of crucial importance for a host of microeconomic policy issues including public-utility pricing, the measurement of distortions, optimal taxation and the treatment of externalities. The analysis of consumer demand is one of the major successes of economics as it represents the near perfect marriage of theory and econometrics, a situation almost unparalleled in any other field of economics. This field has attracted a lot of attention since the introduction of the linear expenditure system and its application to British data by Stone (1954), followed by the differential demand system of Barten (1964) and Theil (1965, 1975176, 1980) and developments thereafter.
Download or read book Economic Development and Consumption Patterns in Asian Countries written by Shashika D. Rathnayaka and published by Springer Nature. This book was released on with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Demand for Alcohol Tobacco and Marijuana written by Saroja Selvanathan and published by Routledge. This book was released on 2017-11-30 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the first to present an extensive analysis of the international evidence for the similarities of the consumption patterns of such controversial commodities as alcohol, tobacco and marijuana, using recent data from a number of developed and less developed countries over a number of years. The book also presents analysis of the consumption patterns of food in general and soft drinks in particular. In addition the book provides a detailed analysis of the consumption restrictions and regulations in place in various countries in relation to issues associated with taxation, availability, and marketing of these products. The book's focus is on rigorous empirical analysis and presents the estimates of demand elasticities of these five commodities across different countries. Such estimates are key inputs for government economic models that are used for the purpose of social policy analysis. Furthermore, the book presents hypothesis testing results on various demand theory hypotheses such as demand homogeneity and Slutsky symmetry.
Download or read book Household Demand for Consumer Goods in Developing Countries written by Eliyathamby A. Selvanathan and published by Taylor & Francis. This book was released on 2022-11-04 with total page 333 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses the household demand for consumer goods using a diverse database, consisting of 45 developed and developing countries. Household consumption patterns have undergone dramatic changes due to rapid economic growth, increasing household income and changing demographics. Using the most recent data available and the latest econometric techniques, the authors model demand for 12 different commodities such as food, alcohol and tobacco, housing, health, transport, health communication, and recreation and provide insightful comparisons of consumption patterns in developed and developing countries. The analysis presented in this book highlights valuable policy insights for planning government budgetary allocations and implementing policies towards an enhanced standard of living for people. The book also provides some important guidance for researchers interested in the theory and empirical application of the analysis of consumer demand.
Download or read book The Economics of the East Asia Steel Industries written by Yanrui Wu and published by Routledge. This book was released on 2019-06-04 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1998, the objective of this book is to provide a detailed examination of steel production, consumption and trade in East Asia. Specifically, it addresses steel trade and investment environment in East Asia and forecasts steel price movement in the future. In addition, a major focus in this book is the investigation of the metals industry in China, Asia's emerging steel giant. Finally, one chapter of the book also documents the resource sector in Western Australia, one of the world's major sources of iron ore. Rapid economic growth over the past decade has significantly changed the gravity of Asia in the world economy. This trend has particularly been strengthened by the awakening giant, China, whose economy has been growing continuously at a two-digital rate since the late 1970's. Asian countries together have now consumed as much as steel as the developed economies. As a result, Asia as a region has become the key to the expansion of the global steel industry in the future.
Download or read book International Consumption Comparisons Oecd Versus Ldc written by Saroja Selvanathan and published by World Scientific. This book was released on 2003-04-24 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents an analysis of consumption patterns in the OECD (rich) and LDC (poor) countries using recent data (1950-1998) and econometric methodology for a number of broadly aggregated consumer goods. The income elasticity estimates for the 46 countries and 9 commodity groups are tabulated. The reliability of these elasticity estimates, and also the demand theory hypotheses, are investigated using simulation techniques.
Download or read book World Consumption Economics written by Dongling Chen and published by World Scientific. This book was released on 1999 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book extends research in consumption economics by identifying similarities and differences in consumption patterns in a large number of countries, both developed and less developed. Its approach is to carefully analyze a large body of data from a highly diverse group of countries to determine the extent to which a simple economic framework can be used to understand and explain consumer behavior. It uses data from more than 40 countries which range from the most affluent to the poorest in the world. The book pays particular attention to the consumption of food and to new simulation techniques applied to systems of demand equations.
Download or read book Economics and Marijuana written by Kenneth W. Clements and published by Cambridge University Press. This book was released on 2009-11-05 with total page 441 pages. Available in PDF, EPUB and Kindle. Book excerpt: A fascinating analysis of a widely used, but little understood illicit drug.
Download or read book Currencies Commodities and Consumption written by Kenneth W. Clements and published by Cambridge University Press. This book was released on 2013-01-31 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: Currency values, prices, consumption and incomes are at the heart of the economic performance of all countries. In order to make a meaningful comparison between one economy and another, economists routinely make use of purchasing power parity (PPP) exchange rates, but while PPP rates are widely used and well understood, they take a lot of effort to produce and suffer from publication delays. Currencies, Commodities and Consumption analyses the strengths and weaknesses of two alternatives to PPP. Firstly, the so-called Big Mac Index, which uses hamburger prices as a standard of measurement, and second, a less well known technique which infers incomes across countries based on the proportion of consumption devoted to food. Kenneth W. Clements uses international macroeconomics, microeconomic theory and econometrics to provide researchers and policy makers with insights into alternatives to PPP rates and make sense of the ongoing instability of exchange rates and commodity prices.
Download or read book Consumer Demand in the United States written by Lester D. Taylor and published by Springer Science & Business Media. This book was released on 2009-11-25 with total page 530 pages. Available in PDF, EPUB and Kindle. Book excerpt: A classic treatise that defined the field of applied demand analysis, Consumer Demand in the United States: Prices, Income, and Consumption Behavior is now fully updated and expanded for a new generation. Consumption expenditures by households in the United States account for about 70% of America’s GDP. The primary focus in this book is on how households adjust these expenditures in response to changes in price and income. Econometric estimates of price and income elasticities are obtained for an exhaustive array of goods and services using data from surveys conducted by the Bureau of Labor Statistics and aggregate consumption expenditures from the National Income and Product Accounts, providing a better understanding of consumer demand. Practical models for forecasting future price and income elasticities are also demonstrated. Fully revised with over a dozen new chapters and appendices, the book revisits the original Houthakker-Taylor models while examining new material as well, such as the use of quantile regression and the stationarity of consumer preference. It also explores the emerging connection between neuroscience and consumer behavior, integrating the economic literature on demand theory with psychology literature. The most comprehensive treatment of the topic to date, this volume will be an essential resource for any researcher, student or professional economist working on consumer behavior or demand theory, as well as investors and policymakers concerned with the impact of economic fluctuations.
Download or read book Handbook Of Tourism Economics Analysis New Applications And Case Studies written by Clement A Tisdell and published by World Scientific. This book was released on 2013-03-08 with total page 1001 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbook of Tourism Economics: Analysis, New Applications and Case Studies provides an up-to-date, concise and readable coverage of the most important topics in tourism economics. It pays attention to relevant traditional topics in tourism economics as well as exciting emerging topics in this field — topics which are expected to be of continuing importance. In doing this, it takes account of advances in economic thought, analysis and applied methods.Contributions provide applications of economic analysis to tourism policy and constructive assessment of contemporary thought about tourism economics. The handbook includes several in-depth case studies such as the contribution of tourism to economic development in selected countries including China, India, Japan and Australia, Portugal and Fiji. Coming from diverse countries (both industrialised and developing) and established in the field of tourism economics, travel and management, many of the contributors have been consultants to governments, private organisations, and international bodies, including the UN World Tourism Organisation, the OECD and UNEP. Experts contributing to this volume include the President of the International Association of Tourism Economics, as well as its Secretary-General, the Secretary-General of the Tourism Research Centre (Association of Tourism Research Institutes), the Founder-Fellow of the International Academy for the Study of Tourism and the former Director of the UK's Centre for Social and Economic Research on the Global Environment (CSERGE).
Download or read book Recent Developments in Asian Economics written by William A. Barnett and published by Emerald Group Publishing. This book was released on 2021-03-01 with total page 371 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent Developments in Asian Economics is a crucial resource of current, cutting-edge research for any scholar of international finance and economics. Chapters cover a wide range of topics, such as social welfare systems, organizational culture, sustainability, the impact of economic policy uncertainty, and more.
Download or read book Poverty Income Distribution and Labour Markets in Ethiopia written by Arne Bigsten and published by Nordic Africa Institute. This book was released on 2005 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ethiopia is one of the poorest countries in the world with a per capita income of just above US$100. With such a low average income, poverty is of course widespread, so understanding the causes of poverty is of utmost importance, but until recently very little household-data has been available. This study deals with many aspects of poverty and income-distribution in Ethiopia, providing a wealth of information on household-income and its determinants. The book is of interest both to academics working on poverty analysis and to policy makers and donors collaborating with Ethiopia.
Download or read book The Advanced Econometrics of Tourism Demand written by Haiyan Song and published by Routledge. This book was released on 2008-12-09 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tourism demand is the foundation on which all tourism-related business decisions ultimately rest. This book introduces students, researchers and practitioners to the modern developments in advanced econometric methodology within the context of tourism demand analysis and illustrates these developments with actual tourism applications.
Download or read book The Demand for Money written by Apostolos Serletis and published by Springer Science & Business Media. This book was released on 2013-11-21 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Almost half a century has elapsed since the demand for money began to attract widespread attention from economists and econometricians, and it has been a topic of ongoing controversy and research ever since. Interest in the topic stemmed from three principal sources. First of all, there was the matter of the internal dynamics of macroeco nomics, to which Harry Johnson drew attention in his 1971 Ely Lecture on "The Keynesian Revolution and the Monetarist Counter-Revolution," American Economic Review 61 (May 1971). The main lesson about money that had been drawn from the so-called "Keynesian Revolution" was - rightly or wrongly - that it didn't matter all that much. The inherited wisdom that undergraduates absorbed in the 1950s was that macroeconomics was above all about the determination of income and employment, that the critical factors here were saving and investment decisions, and that monetary factors, to the extent that they mattered at all, only had an influence on these all important variables through a rather narrow range of market interest rates. Conventional wisdom never goes unchallenged in economics, except where its creators manage to control access to graduate schools and the journals, and it is with no cynical intent that I confirm Johnson's suggestion that those of us who embarked on academic careers in the '60s found in this wisdom a ready-made target.
Download or read book Recent Developments in Mechatronics and Intelligent Robotics written by Feng Qiao and published by Springer. This book was released on 2017-11-11 with total page 582 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book gathers the Proceedings of the International Conference on Mechatronics and Intelligent Robotics (ICMIR2017), held in Kunming, China, on May 20–21, 2017. The book covers a total of 172 papers, which have been divided into seven different sections: Intelligent Systems, Intelligent Sensors & Actuators, Robotics, Mechatronics, Modeling & Simulation, Automation & Control, and Robot Vision. ICMIR2017 provided a vital forum for discussing the latest and most innovative ideas from both the industrial and academic worlds, and for sharing best practices in the fields of mechanical engineering, mechatronics, automatic control, electrical engineering, finite element analysis and computational engineering. The main focus of the conference was on promoting interaction between academia and industry, allowing the free exchange of ideas and challenges faced by these two key stakeholders and encouraging future collaboration between the members of these groups. The proceedings cover new findings in the following areas of research and will offer readers valuable insights: Mechatronics Intelligent mechatronics, robotics and biomimetics; Novel and unconventional mechatronic systems; Modeling and control of mechatronics systems; Elements, structures and mechanisms of micro and nano systems; Sensors, wireless sensor networks and multi-sensor data fusion; Biomedical and rehabilitation engineering, prosthetics and artificial organs; Artificial Intelligence (AI), neural networks and fuzzy logic in mechatronics and robotics; Industrial automation, process control and networked control systems; Telerobotics, Human–Computer Interaction; and Human–Robot Interaction. Robotics Artificial Intelligence; Bio-inspired robotics; Control algorithms and control systems; Design theories and principles; Evolutional robotics; Field robotics; Force sensors, accelerometers, and other measuring devices; Healthcare robotics; Human–Robot Interaction; Kinematics and dynamics analysis; Manufacturing robotics; Mathematical and computational methodologies in robotics; Medical robotics; Parallel robots and manipulators; Robotic cognition and emotion; Robotic perception and decisions; Sensor integration, fusion, and perception; and Social robotics.
Download or read book Business Economics written by M. Adhikara and published by Excel Books India. This book was released on 2002-08 with total page 640 pages. Available in PDF, EPUB and Kindle. Book excerpt: A trend setting book in the field of Economics, by an author of pioneering contributions in varied disciplines.The present volume is written in a simple and lucid style to equip the reader with a toolkit of economic analysis. (Part-1) reviews the established Concepts and Techniques before venturing into applications of business decisions. (Part-2) is designed for a thorough Microeconomic Analysis of Business Units. Macroeconomic Analysis forms the subject matter in Part-3. Keeping in mind, the latest developments in economic theory and the complex dynamics of the economic world, the author evaluates present day Business Ethics. Considering the growing spate of 'Economic Offences', in and around the world of business and government, the debate and discussion of this issue will certainly interest the readers (Part-4). Theory is substantiated by not only cases but also a monologue encompassing the current state of economics, economists and economies. The book aims to be a reference manual for the students of MBA, PGDBM, M Com, MBE, BBA, BBS, CA, ICWA and other courses related to management and business studies.
