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Recent Developments in Applied Demand Analysis

Alcohol, Advertising and Global Consumption

  • E. A. Selvanathan
  • Kenneth W. Clements

Table of contents

  1. Front Matter
    Pages i-xxvii
  2. K. W. Clements, S. Selvanathan, E. A. Selvanathan
    Pages 1-72
  3. K. W. Clements, S. Selvanathan
    Pages 73-121
  4. E. A. Selvanathan
    Pages 123-154
  5. S. Selvanathan
    Pages 155-189
  6. C. Dongling
    Pages 191-220
  7. K. W. Clements, S. Selvanathan
    Pages 221-257
  8. E. A. Selvanathan
    Pages 259-295
  9. E. A. Selvanathan
    Pages 359-390
  10. Back Matter
    Pages 391-396

About this book

Introduction

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.

Keywords

Advertising Konsumgewohnheiten Nachfrage consumption patterns demand econometrics Ökonometrie

Authors and affiliations

  • E. A. Selvanathan
    • 1
  • Kenneth W. Clements
    • 2
  1. 1.School of International Business RelationsGriffith UniversityNathanAustralia
  2. 2.Economic Research Centre, Department of EconomicsUniversity of Western AustraliaNedlandsAustralia

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-642-85205-3
  • Copyright Information Springer-Verlag Berlin Heidelberg 1995
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-642-85207-7
  • Online ISBN 978-3-642-85205-3
  • Buy this book on publisher's site