Hermannsson, K. , McGregor, P. and Swales, K. (2014) Consumption Expenditures in Economic Impact Studies: An Application to University Students. Project Report. University of Strathclyde.
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Publisher's URL: http://www.strath.ac.uk/economics/departmentalresearch/discussionpapers/
Abstract
This paper examines how appropriately to attribute economic impact to consumption expenditures. Consumption expenditures are often treated as either wholly endogenous or wholly exogenous, following a distinction from Input-Output analysis. For many applications, such as those focusing on the impacts of tourism or benefits systems, such binomial assumptions are not satisfactory. We argue that consumption is neither wholly endogenous nor wholly exogenous but that the degree of this distinction is rather an empirical matter. We set out a general model for the treatment of consumption expenditures and illustrate its application through the case of university students. We examine individual student groups and how the impacts of students at particular institutions. Furthermore we take into account the binding budget constraint of public expenditures (as is the case for devolved regions in the UK) and examine how this affects the impact attributed to students' consumption expenditures.
| Item Type: | Research Reports or Papers (Project Report) |
|---|---|
| Additional Information: | Strathclyde Discussion Papers in Economics |
| Status: | Published |
| Refereed: | Yes |
| Glasgow Author(s) Enlighten ID: | Hermannsson, Professor Kristinn |
| Authors: | Hermannsson, K., McGregor, P., and Swales, K. |
| Subjects: | H Social Sciences > H Social Sciences (General) H Social Sciences > HJ Public Finance |
| College/School: | College of Social Sciences > School of Education College of Social Sciences > School of Education > Educational Leadership & Policy |
| Publisher: | University of Strathclyde |
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Funder and Project Information
Funder and Project Information