In addition, estimates from econometric studies suggest that in Japan the marginal propensity to consume
out of wealth is relatively small.
This book makes an attempt to estimate some macro-economic structural parameters like marginal propensity to consume
, marginal propensity to save, capital-output ratios etc.
'There is a high propensity to consume
on the part of Bicolanos,' Beljica said.
As long as the slope of the consumption function, or the marginal propensity to consume
, is positive and less than one the value of the multiplier is greater than one.
The long-run impact on the saving rate of these losses could be in the range of 21/2-9 percentage points in the United States and 31/4-111/4 percentage points in the United Kingdom, depending on the assumed marginal propensity to consume
Everyone is aware of the fact that the baby boomers are getting older, and that they have demonstrated a clear propensity to consume
increasing amounts of medical goods and services.
Hence, the mental accounting framework predicts a higher propensity to consume
from ordinary dividends than from large special dividends.
'Keynes offers no equilibrium theory of the level of consumption, and his claim that the marginal propensity to consume
is less than unity is the simple corollary of the existence of a market value for output' (p.
I well remember my economics lectures at University concerning a theory called the "marginal propensity to consume
The seasonally adjusted propensity to consume
, the ratio of consumption spending to disposable income, fell to 68.9% in June from 70.6% in May.
Carroll examines an implication of models of habit formation in consumption that has been largely overlooked: habits strong enough to explain certain observed empirical puzzles imply an immediate marginal propensity to consume
(MPC) out of permanent shocks of much less than one.