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consumption modeling

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Journal Article
History of Political Economy (2023) 55 (1): 103–143.
Published: 01 February 2023
...Carlos García; Daniel Otero; Boris Salazar Abstract Hall's 1978 article titled “Stochastic Implications of the Life Cycle–Permanent Income Hypothesis” was meant to revolutionize consumption modeling. It indeed delivered, but not by becoming the dominant modeling strategy, but by unleashing...
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Journal Article
History of Political Economy (2019) 51 (3): 493–513.
Published: 01 June 2019
...Hsiang-Ke Chao Empirical tests in economics may not decisively confirm or disconfirm a theory. Three cases of studies of consumption function from the 1930s to the early 1970s discussed in this article show that we can interpret economists’ practices as inferences to derive the best model from...
Journal Article
History of Political Economy (2011) 43 (4): 779–781.
Published: 01 November 2011
...Jim Thomas Representation and Structure in Economics: The Methodology of Econometric Models of the Consumption Function . By Chao Hsiang-Ke . London : Routledge , 2009 . xiii; 161 pp. £65.00 . Copyright 2011 by Duke University Press 2011 References Malinvaud Edmond...
Journal Article
History of Political Economy (2015) 47 (4): 547–575.
Published: 01 December 2015
... consequences that considerations of social interdependencies in consumption may have for economic theory. These related to the drawing of the market demand curve, the measurement of consumer surplus, and the more general issue of how to deal with time and change in economic models. These considerations...
Journal Article
History of Political Economy (2000) 32 (4): 909–914.
Published: 01 November 2000
... multiplier analysis, Ahiakpor would be better advised to turn to Irving Fisher’s two-period consumption model (Fisher 1907, 409), which shows that, given perfect credit markets, the present discounted value of expected lifetime income is the relevant budget constraint for consumption, which implies...
Journal Article
History of Political Economy (2019) 51 (5): 867–900.
Published: 01 October 2019
..., and Ando s life cycle model was the explanation of households saving behavior within the Fischerian framework of intertemporal utility maximization. The idea behind the life cycle hypothesis was that people save during their working life to main- tain constant consumption over time. Modigliani and Richard...
Journal Article
History of Political Economy (2003) 35 (1): 77–104.
Published: 01 March 2003
.... In Studies in Business-Cycle Theory , 104 -30. Cambridge: MIT Press. Mayer, Thomas. 1972 . Permanent Income,Wealth, and Consumption: A Critique of the Permanent Income Theory, the Life-Cycle Hypothesis, and Related Theories . Berkeley: University of California Press. Morgan, Mary S. 1999 . Models...
Journal Article
History of Political Economy (1983) 15 (3): 397–421.
Published: 01 September 1983
...- formed version of the model is connected in Section IV with the General theory exposition of Keynes’s model of investment. In two-sector models there exist two separate technologiesf and g under which capital and labor services can be transformed into consumption goods or new capital goods...
Journal Article
History of Political Economy (2011) 43 (suppl_1): 166–187.
Published: 01 December 2011
... Journal of Economics 84.1 : 89 – 100 . Owen Dorian . 1986 . Money, Wealth, and Expenditure: Integrated Modelling of Consumption and Portfolio Behavior . Cambridge : Cambridge University Press . Pagan Adrian . 1987 . Three Econometric Methodologies: A Critical Appraisal...
Journal Article
History of Political Economy (1971) 3 (1): 28–55.
Published: 01 March 1971
... the subscript 2 always refers to department 2, which produces consumer goods (for example, WI land XI refez to gross or net investment, while W2 and X2 refer to consumption). In the modern .model of expanded reproduction, the supply equations in the aggregarte and in each department can...
Journal Article
History of Political Economy (1988) 20 (1): 107–118.
Published: 01 March 1988
... [ibid. 6691. Keynes’ views of ex ante saving contrast markedly with the implications of existing models incorporating the finance motive-Davidson, e.g., 1965, 1978, Hahn 1955, Hines 1971, and Tsiang, e.g., 1980, 1982. Each of these models incorporates a finance motive for consumption demand...
Journal Article
History of Political Economy (1982) 14 (4): 447–460.
Published: 01 November 1982
... and the interest rate. However, many dis- cussions of capital take place in models with a single consumption good, 8. These two possibilities are in general not exhaustive, with dk,/dr > 0 and dkddr < 0, an impossibility in the Wicksellian models, providing a marginal product of capital...
Journal Article
History of Political Economy (1983) 15 (4): 529–548.
Published: 01 November 1983
.... The number of years corresponds to the n at which total consumption disappears in the one-sector model, as calculated in (19). An interesting corollary to the behavior of c,, vI,c and v,, is the be- havior of the organic composition of capital in the two departments (4, and 411)- We...
Journal Article
History of Political Economy (2015) 47 (suppl_1): 147–173.
Published: 01 December 2015
... of Samuelson’s article in particular that Enke found defi- cient was that it dealt with polar cases only; all goods in the model are either private consumption goods or collective consumption goods. Most goods and services that governments actually provide do not fit Samuel- son’s definition of collective...
Journal Article
History of Political Economy (2020) 52 (5): 863–894.
Published: 01 October 2020
...- temporal approach, and knowing the 1945 multisector model by John von Neumann of a linear production economy, Malinvaud insisted that activity analysis had to move beyond the production efficiency discussion typical of this literature, to one that included the consumption of individuals. Our goal here...
Journal Article
History of Political Economy (1995) 27 (4): 653–685.
Published: 01 November 1995
... the heterogeneity of the labor force seriously. His model of the economy is not the single-sector model implicit in textbook IS-LM-AS “Keynesian” models. At minimum, it is a two-sector model with a capital-goods sector 666 History of Political Economy 27:4 (1995) and a consumption-goods sector.’ I...
Journal Article
History of Political Economy (2010) 42 (4): 631–652.
Published: 01 November 2010
... available models of the determination of the long- run real rate of interest. I call them multisector Solow and multisector Ramsey. The first of these models is just Solow’s 1956 growth model with many capital goods but a single consumption good to keep things sim- ple. Then the overall demand...
Journal Article
History of Political Economy (2009) 41 (4): 737–747.
Published: 01 November 2009
...Joan O'Connell In outlining his theory of economic growth and income distribution, Kaldor made a “logical slip”: while in his model, workers might save, workers' assets were accounted for. Kaldor acknowledged the strong influence of Kalecki and Keynes on his work. What is suggested here...
Journal Article
History of Political Economy (2011) 43 (suppl_1): 140–165.
Published: 01 December 2011
... Albert Fisher Franklin M. Simon Herbert . 1963 . Essays on the Structure of Social Science Models . Cambridge : MIT Press . Bator Francis M. 1953 . Consumption and Investment Propensities: Comments . American Economic Review 43.1 : 139 – 45 . Boumans Marcel . 2010...
Journal Article
History of Political Economy (1989) 21 (2): 231–251.
Published: 01 June 1989
... of the equal factor proportions assumption is that the relative prices of consumption and capital goods are independent of changes in the distribution of income between wages and profits. As in the one-commodity model, capital can be measured independently of dis- 4. Bliss (1975, 3-4) asks...