La consommation des ménages au Québec : une analyse empirique
|Abstract:||Due to the fact that the household consumption expenditure are valued for approximately 60% of Quebec's GDP, it is important to understand how economic politics affect the aggregate demand through consumers' expenses and also, how household consumption expenditures will vary according to the consumer's environment. Firstly, this paper reviews the consumption with an econometric technique of no particular structure. Secondly, this paper proposes and estimates a model of an optimizing agent who is faced with the problem of allocating intertemporally his consumption of non-durable and durable goods when confronted with a fluctuating rate of return. Expectations are assumed to be formed rationally. The study was conducted from 1981(01) to 2011(03). Our results are consistent with the findings of previous studies and the literature and allowed us to interpret how income, relative price of durable goods, financial wealth, housing market, index of consumer confidence, and interest fluctuations could explain the variation in consumption expenditures of households in Quebec as a whole, but also by some sub-categories. Our analysis also revealed that when household consumption is disaggregated, it is important to consider the relationship between those sub-categories. Non-separability in preferences between durables and non-durables is important and this is why the modeling of different types of aggregate consumption should be taken into consideration.|
|Document Type:||Mémoire de maîtrise|
|Open Access Date:||19 April 2018|
|Collection:||Thèses et mémoires|
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