Private Consumption Determinants.

11 Pages Posted: 16 Oct 2017

Date Written: October 15, 2017

Abstract

It is often claimed that technology improves product quality, which in turn increases consumption although the product price goes up. The question is if this still holds true at national level and especially after the outburst of the economic crisis. Present model hints a major problem that of how economic growth could start again. Is technology alone enough to trigger economic growth or additional measures should be taken?

Keywords: Technology, Consumption, Entrepreneurship, Economic Growth, Monetary policy, Fiscal Policy, Labour Market, Uncertainty, Economic Crisis, Banking, Economertrics with panel data.

JEL Classification: E2, E5, D1, D2, C8.

Suggested Citation

Georgiou, Miltiades N., Private Consumption Determinants. (October 15, 2017). Available at SSRN: https://ssrn.com/abstract=3053484 or http://dx.doi.org/10.2139/ssrn.3053484

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