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1

Household expenditure in Africa: evidence of mean reversion

100%

Olalude G. A., Yaya O. S., Olayinka H. A., Jimoh T. A., Adebiyi A. A., Adesina O. A.

Statistics in Transition new series

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2023

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vol. 24

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issue 3

171-186

EN

This paper investigates the mean reversion in household consumption expenditure in 38 African countries; the expenditure series used were the percentage of nominal Gross Domestic Product (GDP), each spanning 1990 to 2018. Due to a small sample size of time series of household expenditure, with possible structural breaks, we used the Fourier unit root test approach, which enabled us to model both smooth and instantaneous breaks in the expenditure series. The results showed non-mean reversion in the consumption expenditure pattern of Egypt, Madagascar and Tunisia, while mean reversion was detected in the remaining 35 countries. Thus, the majority of African countries are on the verge of recession once shocks that affect the growth of GDP are triggered. Findings in this paper are of relevance to policymakers on poverty alleviation programmes in those selected countries.

2

Quantitative analysis of the household’s expenditure for food

75%

Dudek H.

Problemy Rolnictwa Światowego

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2011

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vol. 11(26)

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issue 3

EN

The paper deals with the dependence of the share of households’ food expenditure on the total expenditure and the household’s size. This problem is important in applied welfare economics. According to the Engel’s law, the poorer household, the greater proportion of its total expenditure is devoted to the food consumption. In the study, the Working-Leser model was applied to Polish households microeconomic data from 2000, 2005 and 2009.

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Konsumpcja w Republice Korei

75%

Kightley M.

Konsumpcja i Rozwój

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2014

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issue 1(6)

24-38

PL

Celem artykułu jest przedstawienie konsumpcji prywatnej w Korei Południowej oraz wykazanie, że jej charakter jest m.in. efektem przyspieszonego rozwoju w drugiej połowie XX wieku. Analizie poddano przyczyny niskiego poziomu konsumpcji prywatnej względem PKB i niskiej dynamiki wzrostu w ostatnich latach. Ponadto porównano strukturę wydatków konsumpcyjnych gospodarstw domowych w Polsce i Korei i wyjaśniono podstawowe różnice. Szczegółowo omówiono wysoki poziom wydatków na restauracje i hotele, edukację, ochronę zdrowia i łączność, wykazując, że wynikają one z szybkiego tempa życia w Korei, powszechnego pędu za karierą i nowoczesnością.

EN

The article describes the dynamics and character of private consumption in South Korea. The author argues that the patterns and low growth rate of Korea’s consumption habits are to some extent influenced by the rapid economic growth the country went through in the second half of the 20th century. She discusses the low volume of imports of consumer goods and the Korean passion for luxury goods. The article includes a comparison between consumer spending in Korean and Polish households, highlighting spending on hotels and restaurants, education, healthcare, communication, etc. The author explains that Korea’s high expenditure in these areas are linked to a fast pace of life, career-orientation and fascination with modernity, typical characteristics of this fast-developing nation.

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1 Konsumpcja i Rozwój

1 Problemy Rolnictwa Światowego

1 Statistics in Transition new series

1 Adebiyi A. A.

1 Adesina O. A.

1 Dudek H.

1 Jimoh T. A.

1 Kightley M.

1 Olalude G. A.

1 Olayinka H. A.

1 Yaya O. S.

1 2023

1 2014

1 2011

Household expenditure in Africa: evidence of mean reversion

Quantitative analysis of the household’s expenditure for food

Konsumpcja w Republice Korei