Modelling and Estimation of Regional Consumption Functions: A Case for the Russian Far East

Modelling and Estimation of Regional Consumption Functions: A Case for the Russian Far East

This paper estimates regional consumption functions based on the error correction model on the basis of the 2000–2002 data on real disposable income and consumption expenditures for 11 regions of the Far Eastern Federal District of Russia. The work reveals the existence of short-term and long-term r...

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Bibliographic Details
Main Author:	Artyom Gennadyevich Isaev
Format:	Article
Language:	Russian
Published:	Economic Research Institute of the Far East Branch of the Russian Academy of Sciences 2024-12-01
Series:	Prostranstvennaâ Èkonomika
Subjects:	region consumption disposable income error correction model marginal propensity to consume autonomous expenditure multiplier permanent income hypothesis far eastern federal district
Online Access:	http://www.spatial-economics.com/images/spatial-econimics/2024_4/SE.2024.4.027-047.Isaev.pdf
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