The Trends of Household Economic Behavior in International Comparison

Varlamova, Julia; Larionova, Nataliya

doi:10.1016/s2212-5671(13)00086-5

Cited by 16 publications

(3 citation statements)

References 3 publications

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“…Other indicators that could be used were financial attitude and financial behavior. It was different with the research held by Varlamova & Larionova (2013) in 16 countries showing that financial literacy was shown with household tendency to save and from the accumulation of their social capital. Marinescu (2012) added that economic irrationality could cause market imbalance, so that a study is required to identify economic rationality and irrationality to direct the people to behave rationally in economy.…”

Section: Introductioncontrasting

confidence: 75%

“…Likewise, the people with high social capital in the form of the value of mutual aid. However, the financial literacy with the indicator of household saving (Varlamova & Larionova, 2013) is not identified since the setback of the macro economy situation shown by the low price of the plantation products that it is impossible for the people to save, not by the tightening of monetary policy.…”

Section: The Understanding Of Redenomination Meanmentioning

confidence: 99%

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Economic Rationalities of Loksado Indigenous in a Redenomination Perspective

Prabawani

Prihatini²,

Purbawati³

2019

JURNAL ILMU SOSIAL

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Dayak Meratus is one of the tribes in Indonesia consisting about 633 ethnic groups in total. The Dayak Meratus tribe represents the majority of the tribe in Indonesia which tends to be isolated, has a low formal education, and lacks of public facilities. This research was aimed at describing the economic rationalities of Tribe Dayak Meratus, a Loksado Indigenous in the Regency of Hulu Sungai Selatan, Borneo Island in term of redenomination perspective. This research is important since redenomination has potential to create hyperinflation if it was not implemented properly, especially related to the inland community in Indonesia which is more than 13,000 islands. The data collecting applied focus group discussion which involved the chair and member of the Tribe, also survey as the data triangulation of method. This research applied explanation building and frequency distribution for the data analysis. The results show that the Loksado Indigenous has a marginal economy and formal education,but the Tribe has high social capital for its gotong royong (mutual cooperation) spirit and has sufficiently good financial literacy that forms good economic rationalities. In the term of redenomination, the economic rationalities would be essential to maintain so that economic crashes would not be occured. Redenomination for indigenous people would be considered the same as the change in currency that has occurred several times in Indonesia, in wchich the socialization was through conventional media.

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Section: Introductioncontrasting

confidence: 75%

Section: The Understanding Of Redenomination Meanmentioning

confidence: 99%

Economic Rationalities of Loksado Indigenous in a Redenomination Perspective

Prabawani

Prihatini²,

Purbawati³

2019

JURNAL ILMU SOSIAL

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“…ηελ θαηαλάισζε ζπκπεξηιακβάλνληαη ηα έμνδα γηα δηαηξνθή, ξνπρηζκφ, ελνίθηα, εθπαίδεπζε, ηαμίδηα, πγεία, αλαςπρή, θηιαλζξσπίεο, θ.ά. Ζ απνηακίεπζε ηνπ ηδησηηθνχ ηνκέα, ινηπφλ, ηζνχηαη κε ηε δηαθνξά ηνπ ηδησηηθνχ δηαζέζηκνπ εηζνδήκαηνο κείνλ ηελ θαηαλάισζε(Ismail and Rashid, 2013;Varlamova and Larianova, 2013). Ο ξπζκφο απνηακίεπζεο δηαδξακαηίδεη ζεκαληηθφ ξφιν ζηελ αλάπηπμε κίαο ρψξαο θαζψο ζπλδέεηαη άκεζα κε ην χςνο ησλ επελδχζεσλ.…”

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Δημοσιονομική Προσαρμογή Και Καταναλωτική Συμπεριφορά Στην Ελλάδα

Kostakis¹,

Κωστάκης²

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The purpose of this study is twofold, based on the macroeconomic and microeconomic analysis. On the one hand, it is attempted to interpret and analyze the effects of fiscal consolidation in the countries-members of Eurozone while at the same time consumer behavior regarding current economic policy is estimated. On the other hand the research’s focus is on consumer behavior regarding specific categories of consumption. The interpretation of the effects of austerity measures in Greece during the period 2010-2011 is one of a high interest. The question of the research hypothesis is based on two fundamental theories about fiscal policy; the Keynesian and Ricardian theory. According to the first theory, a tax cut or an increase in government spending, results to higher income and higher consumption. Keynesian model is also the base of the theory of twin deficits. A fiscal expansion leads simultaneously to the deterioration of the current account deficit (CA). On the contrary, the proponents of Ricardian Equivalence Theorem claim that the aforementioned economic policies lead to an increase in private savings (precautionary savings). Consumers predict the government’s future fiscal adjustment in order to reduce deficits; thus they do not perceive the reduction of the taxes as additional income.As regard to the macroeconomic analysis, the econometric methodology of fixed-effects estimators and Arrelano-Bond models was investigated and based on country data from 12 Eurozone countries (Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain). According to the results, fiscal adjustment has led to a decline in private consumption. More specifically, empirical research found that a high fiscal consolidation (above 2.5% of structural deficit) leads to a higher drop in private consumption. Especially for Greece, the impact of austerity has led to a higher drop in private consumption. The results of this research support Keynesian theory, confirming additionally the negative relationship between the volatility of government revenues and the growth of individual consumption. Furthermore, unemployment rate is negatively related to growth of individual consumption.As far as microeconomic analysis is concerned, the aim of this thesis is to identify the factors that influence consumers’ behavior regarding to private saving, consumers’ response to the first package of austerity measures in Greece and the level of consumption for food, heating and entertainment. In order to achieve this goal, we used a sample of 800 consumers from Athens and Crete. A questionnaire was distributed during the period August-November 2011. Previous studies on consumer’s behavior were used for the preparation of the questionnaire and the methodological approach. Moreover, Ordinary Least Square (OLS), Logit models, Ordered-Logit models, Tobit models and Quantile regressions were used.Generally, a high drop in private consumption is revealed. This result is supported on a macro and micro-economic level. Simultaneously, austerity measures have led consumers to save less. The study of consumer behavior is a valuable basis for the adoption and implementation of an effective policy in order to stimulate economic recovery.

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