( ISSN 2277 - 9809 (online) ISSN 2348 - 9359 (Print) ) New DOI : 10.32804/IRJMSH

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CONSUMPTION FUNCTION ANALYSIS OF LARGE ECONOMIES

    1 Author(s):  MANMOHAN KRISHNA JALLY

Vol -  14, Issue- 6 ,         Page(s) : 129 - 136  (2023 ) DOI : https://doi.org/10.32804/IRJMSH

Abstract

Marginal Propensity to Consume is an important macroeconomic parameter and policy instrument which is used by the researchers and policy makers to achieve growth in income, full employment and equal income distribution in the economy. In the present study, an attempt has been made to estimate short-run and long-run marginal propensity to consume (MPCS and MPCL respectively) for six large economies of the world: the USA, Germany, China, Japan, India and the UK.

Alani Jimmy (2022). “Estimation of Consumption Functions Using Savings Motive Hypothesis (SMH)”, International Economic Review, 14(1): 21-45.
Ali, Md. Rostam and Md. Mostafizur Rahman (2015). “A study of Short-run Consumption Function and its modification with some special Assumptions”, IOSR Journal of Economics and Finance, 6(3) ver. I: 15-25.

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