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| Sand, Roald. |
| Traditionally, farm households have relatively high saving and low marginal propensity to consume (MPC). In the last decades, this seems to have changed. To investigate these matters, a dynamic consumption model is estimated using a GMM-system estimator and a panel of 258 Norwegian farm households followed from 1976-1997. The main findings are that the MPC of farm income is lower than for off-farm income and that average MPC is low but increasing over time in these households. This may imply that some of the observed reduction in farm saving is explained by reduced need for precautionary saving. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Saving; Consumption; Dynamic panel model; Consumer/Household Economics. |
| Ano: 2002 |
URL: http://purl.umn.edu/15716 |
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| Parikh, Ashok. |
| The objectives of this paper are to study the impact of liberalisation on trade deficits and current accounts of developing countries. It is expected that trade liberalisation would promote economic growth from the supply side by leading to a more efficient use of resources, by encouraging competition, and by increasing the flow of ideas and knowledge across national boundaries. Trade liberalisation could lead to faster import growth than export growth and hence the supply side benefits may be offset by the unsustainable balance of payments position. This study uses panel data of 42 countries (both time-series and cross-section dimension) to estimate the effect of trade liberalisation and growth on trade balance while controlling for other factors such as... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Panel data; Income Terms of Trade; Dynamic Optimisation; Dynamic panel model; International Relations/Trade; C21; C22; C23; F13; F14; F32. |
| Ano: 2004 |
URL: http://purl.umn.edu/26212 |
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