Corporate retentions and consumers' expenditure : Sussex Research Online

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Sumner, Michael (2004) Corporate retentions and consumers' expenditure. Manchester School, 72 (1). pp. 119-130. ISSN 1463-6786

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Official URL: http://dx.doi.org/10.1111/j.1467-9957.2004.00383.x

Abstract

Corporate retained profits have well-determined effects on both total and non-durable consumers' expenditure, with coefficients which do not differ significantly from those on disposable income in a standard consumption function; the effects also appear in a life-cycle model which excludes disposable income. Retentions convey no useful information about future values of the other arguments of either consumption function. The implications of an alternative explanatory hypothesis, of a discrepancy between the principles and practice of national accounting, are not rejected.

Item Type:	Article
Schools and Departments:	University of Sussex Business School > Economics
Related URLs:	Organisation Publisher
Depositing User:	Michael Sumner
Date Deposited:	06 Feb 2012 19:45
Last Modified:	04 Jul 2012 14:26
URI:	http://sro.sussex.ac.uk/id/eprint/22050

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