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Dynamics of consumption distribution and economic fluctuations
Economic Change and Restructuring ( IF 4.0 ) Pub Date : 2020-10-13 , DOI: 10.1007/s10644-020-09303-7
Reza Najarzadeh , Alireza Keikha , Hassan Heydari

This study aims to investigate the dynamics of consumption distribution and to determine how it is affected by macroeconomic fluctuations based on two different types of household classifications: education level of household heads and consumption deciles. The urban Households Income and Expenditure dataset issued by the Statistical Center of Iran and a Factor Augmented Vector Auto Regressive model are used to assess the goals of this study. In other words, we study the consumption responses of different kinds of families to macroeconomic fluctuations. The following results were obtained from statistical analysis and estimation of the model. First, the standard deviation of the (log) real per capita consumption of the lowest group, families that have a head with the lowest education attainments or the first decile, is higher than that of others implying that the Iranian economic fluctuations impose higher costs on the less educated households. Secondly, each of the four education consumption groups and consumption deciles follow the ups and downs of GDP. Lastly, a positive oil revenue shock has only a significant positive impact on the left-hand side of consumption distribution or the consumption of households with low education levels. Also, the shocks reduce consumption inequality among consumers.



中文翻译:

消费分布动态和经济波动

这项研究旨在调查消费分布的动态,并基于两种不同的家庭分类(户主的教育水平和消费水平)确定宏观经济波动对消费分布的影响。伊朗统计中心发布的城市家庭收支数据集和因子增强向量自回归模型用于评估本研究的目标。换句话说,我们研究了各种家庭对宏观经济波动的消费反应。从统计分析和模型估计中获得以下结果。首先,是最低学历的人群,人均教育水平最低或十分位数第一的家庭的(对数)实际人均消费的标准差,高于其他国家的水平,这意味着伊朗的经济波动给文化程度较低的家庭带来了更高的成本。其次,四个教育消费类别和消费形式分别跟随GDP的起伏变化。最后,积极的石油收入冲击只会对消费分布的左侧或低学历家庭的消费产生重大的积极影响。同样,冲击减少了消费者之间的消费不平等。积极的石油收入冲击只会对消费分布的左侧或低学历家庭的消费产生重大的积极影响。同样,冲击减少了消费者之间的消费不平等。积极的石油收入冲击只会对消费分布的左侧或低学历家庭的消费产生重大的积极影响。同样,冲击减少了消费者之间的消费不平等。

更新日期:2020-10-13
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