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Economic Growth and the GDP Share of Consumption: An Empirical Analysis for Asia

Brueckner, Markus

Description

The majority of Asian countries, in particular, those located in East Asia, such as China, are characterized by high GDP shares of consumption. While over the past two decades there has been a remarkable growth in consumption, and to a lesser extent of consumption per capita, the GDP share of the consumption has declined by a considerable amount in Asia. The article presents projections of the GDP consumption share. The projections are based on time series models and an econometric model that...[Show more]

dc.contributor.authorBrueckner, Markus
dc.date.accessioned2021-06-10T22:12:21Z
dc.identifier.issn1540-496X
dc.identifier.urihttp://hdl.handle.net/1885/237257
dc.description.abstractThe majority of Asian countries, in particular, those located in East Asia, such as China, are characterized by high GDP shares of consumption. While over the past two decades there has been a remarkable growth in consumption, and to a lesser extent of consumption per capita, the GDP share of the consumption has declined by a considerable amount in Asia. The article presents projections of the GDP consumption share. The projections are based on time series models and an econometric model that relates the GDP share of consumption to GDP growth. Instrumental variables estimates show that the GDP share of consumption is significantly negatively related to growth: A decrease in PPP GDP per capita growth of 1 percentage point increases the GDP share of consumption by around 2 percentage points. Slower growth in Asia would thus significantly contribute to a higher GDP share of consumption in that region.
dc.format.mimetypeapplication/pdf
dc.language.isoen_AU
dc.publisherM E Sharpe Inc
dc.rights© 2017 The Authors
dc.sourceEmerging Markets Finance and Trade
dc.source.urihttps://www.tandfonline.com/doi/full/10.1080/1540496X.2017.1320986
dc.subjectAsia
dc.subjectconsumption share of GDP
dc.subjectdomestic saving rate
dc.subjecteconomic growth
dc.titleEconomic Growth and the GDP Share of Consumption: An Empirical Analysis for Asia
dc.typeJournal article
local.description.notesImported from ARIES
local.identifier.citationvolume53
dc.date.issued2017
local.identifier.absfor140211 - Labour Economics
local.identifier.absfor140202 - Economic Development and Growth
local.identifier.absfor140210 - International Economics and International Finance
local.identifier.ariespublicationa383154xPUB8940
local.publisher.urlhttps://www.tandfonline.com
local.type.statusPublished Version
local.contributor.affiliationBrueckner, Markus, College of Business and Economics, ANU
local.description.embargo2099-12-31
local.bibliographicCitation.issue12
local.bibliographicCitation.startpage2782
local.bibliographicCitation.lastpage2793
local.identifier.doi10.1080/1540496X.2017.1320986
dc.date.updated2020-11-23T10:27:43Z
local.identifier.scopusID2-s2.0-85034758270
CollectionsANU Research Publications

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