analysis of consumption behaviour concerning current income and lags consumption: empirical evidence from pakistan

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ID: 160565
2014
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Abstract
As in other economies, consumption expenditure is the largest component of the Gross Domestic Product (GDP) of Pakistan economy. The figure has been estimated around 80 percent of the GDP and demonstrates that historically, Pakistan’s economic growth is characterized as consumption-led growth. The present paper aims to explore the relationship between income and consumption using annual time series data for the period: 1975 to 2012 in Pakistan. For empirical investigation the linear regression model and the method of Least Squares is used as analytical techniques. Empirical results support the existence of a significant positive relationship between income and consumption. The finding suggests that long term committed planning is indispensable to enhance the productive capacity of the economy, employment opportunities and reduce poverty levels more effectively.
Reference Key
khan2014ekonomskianalysis Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors ;Abdul Qayyum Khan;Muhammad Azam;Muhammad Ejaz Qureshi
Journal the digital humanities and islamic and middle east studies
Year 2014
DOI
DOI not found
URL
http://hrcak.srce.hr/file/188668
Keywords
income consumption linear regression modelsocial scienceseconomics as a science

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