aggregate consumption function for Namibia

an empirical exploration
  • 40 Pages
  • 0.51 MB
  • English
University of Namibia, Multi-disciplinary Research Consultancy Centre, Social Sciences Division , Windhoek, Namibia
Consumption (Economics) -- Namibia -- Econometric mo



StatementJ.E. Odada, J. Hinaunye Eita, Olimpio Nhuleipo.
SeriesSSD RR ;, no. 40, SSD research report ;, no. 40.
ContributionsEita, J. H., Nhuleipo, Olimpio., University of Namibia. Multi-disciplinary Research Centre. Social Sciences Division.
LC ClassificationsHC940.Z9 C626 2000
The Physical Object
Pagination40 leaves ;
ID Numbers
Open LibraryOL3985795M
LC Control Number2001314282

Consumption function is an equation showing how an individual household's consumer spending varies with the household's current disposable income (yd) a is autonomous consumer spending (how much you would spend if your income was zero).

The aggregate consumption function for an economy is: C=$ billion + Yd, Yd= disposable income. Assume that aggregate demand must shift by $ billion to close a recesionary gap.

A: what change in government spending will return the economy to full employment GDP. B: By how much will taxes have to change to close the GDP gap. “Many travelers are essentially fantasists.

Tourists are timid fantasists, the others - risk takers - are bold fantasists. The tourists at Etosha conjure up a fantastic Africa after their nightly dinner by walking to the fence at the hotel-managed waterhole to stare at the rhinos and lions and eland coming to drink: a glimpse of wild nature with overhead floodlights.

import demand function for Namibia. Following studies by Tang (), Ho (), Mohamed and Tang, () and Ziramba (), we use the disaggregated components of aggregate final expenditure together with the standard relative price variable to specify the aggregate import demand model for Size: KB.

Economics Macroeconomics has been evaluated and recommended for 3 semester hours and may be transferred to over 2, colleges and. This study covers the world outlook for book printing across more than countries.

For each year reported, estimates are given for the latent demand, or potential industry earnings (P.I.E.), for the country in question (in millions of U.S. dollars), the percent share the country is of the region, and of the globe.

These comparative benchmarks allow the reader to quickly gauge a country. Energy consumption in Namibia The most important measure in the energy balance of Namibia is the total consumption of.

billion kWh. of electric energy per year. Per capita this is an average of 1, kWh.

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Namibia can partly provide itself with self-produced energy. The total production of all electric energy producing facilities is 1 bn kWh.

Namibia 94 Niger 95 Nigeria 96 North Sudan 98 Norway 99 Oman Pakistan Palestine Poland Portugal Qatar Republic of Congo Romania Russia Rwanda San Marino Sao Tome E Principe Saudi Arabia Senegal 3.

Since relation 1 holds for the single consumer, the aggregate consumption function for the universe of N consumers is: (2) C t = ∑ i = 1 N C ¯ i, t + ∑ i = 1 N ∑ h = 1 H c Y, h i, t Y h i, t + ∑ i = 1 N ∑ k = 1 K c Y, k i, t + 1 Y k i, t + 1 + ∑ i = 1 N ∑ j = 1 J c W, j i, t W j i, t.

In this functional relationship the propensity to consume varies across Cited by: Electricity Supply and Demand Management Options for Namibia. A technical and economic evaluation.

Page i of 12 Executive Summary The Namibian electricity industry stands at a cross roads. Internationally high oil and commodity prices have had a ripple effect on the price of gas and coal. Energy prices are escalating at alarming Size: KB.

generation on aggregate consumption of ele ctricity in Nigeria with reference to African Journa l of Accounting, Econo mics, Finance and Banking Research Vol. Using aggregate data for Namibia during the period, the analysis find constant return to scale pre-followed by diminishing returns Author: Voxi Heinrich Amavilah.

Principles of Macroeconomics HWK Assignment #5, chapters 11 and 12 DUE: November 11 I. Choose the most correct answer (2 points each): 1.

The marginal propensity to consume is equal to: A) the proportion of consumer spending as a function of aggregate disposable income.

Description aggregate consumption function for Namibia FB2

B) the change in saving divided by the change in aggregate disposable income. C) the ratio of the. Per capita means per person. It is a Latin term that translates to "by the head." It's commonly used in statistics, economics, and business to report an average per person.

Details aggregate consumption function for Namibia EPUB

It tells you how a country, state, or city affects its residents. In statistics, it's used to compare the economic indicators of countries with different population sizes.

Macroeconomics studies the national output, or income, of a country. National economic output is the total value of all goods and services produced in an economy during a specific time period.

savings, Namibia is experiencing capital outflows mainly directed to South Africa. Beside those developments, the share of public consumption in GDP is still very large accounting for per cent of GDP, among the highest in the region and in developing countries.

Similar trends are expected in and NAMIBIA 10/01/02 Page File Size: KB. Byelectricity demand in Namibia, Southern Africa, outstripped the supply capacity in the region.

Namibia relies on other sources to provide 53 percent of its local electricity needs. This disparity necessitated either the introduction of new generation capacity or load management to Pages: Overview.

Namibia is a higher middle income country with an estimated annual GDP per capita of US$5, but has extreme inequalities in income distribution and standard of living. It leads the list of countries by income inequality with a Gini coefficient of (CIA) and (UN), respectively. Since independence, the Namibian Government has pursued free-market Currency: Namibian dollar (NAD), South African.

Introduction 2. The Aggregate Consumption Function 3. Modelling Investment Expenditures 4. The Trade Sector 5. The Labour Market 6. The Sectorial Block 7. Ancillaries and Identities 8. Multiplier Analysis 9. Policy Simulations. Appendix A: Variables and Data Sources. Appendix B: Listing of Equations and Variables.

Namibia statistics Agency - Lo Fo Svey. PREFACE. The first full-scale Labour Force Survey (LFS) in Namibia was carried out in under the National Household.

Survey Programme, launched after the Government endorsed the Five Year Plan of Development of Statistics in Namibia in This should come as no surprise, as Namibia has time and again been ranked as one of the countries with the highest alcohol consumption in the world.

According to the latest data available from the Wine Institute, Namibia consumed million litres of wine inthe most recent year for which comprehensive statistics are available.

The third Namibia Household Income and Expenditure Survey was conducted in Abstract The Household Income and Expenditure Survey (NHIES) was a survey collecting data on income, consumption and expenditure patterns of households, in accordance with methodological principles of statistical enquiries, which were linked to.

Namibia’s economic freedom score ismaking its economy the 96th freest in the Index. Its overall score has increased by points due to an increase in the score for fiscal health. The Statistics Act No. 9 of has been passed by the Parliament and signed by the President in terms of the Namibian Constitution.

The Act provide for the development of the National Statistics System and provide for its components and objectives; to establish the Namibia Statistics Agency and the Board of the Namibia Statistics Agency and provide for their powers.

Fiscal policy, measures employed by governments to stabilize the economy, specifically by manipulating the levels and allocations of taxes and government expenditures. Fiscal measures are frequently used in tandem with monetary policy to achieve certain goals.

Learn more about fiscal policy in this article. A definition of the term "absolute income hypothesis" is presented. It refers to an economic theory proposed by economist John Maynard Keynes as part of his research on the relationship between income and consumption. According to the theory, consumption is a non-linear function of income.

Every organization strives for success, but not all achieve it; market research can help you get there. By understanding, developing and implementing a market research strategy, you will set your organization on the journey to success.

In this eBook, learn how to effectively navigate this process by carefully evaluating each step to. Suppose a consumption function is given as C = $ + YD. The marginal propensity to save is (The MPS is equal to 1 minus the MPC value, which is 1 or THIS is in response to Theuns who wrote a letter titled 'Namibia is a socialist state' on Friday 13th July Main Navigation -- archive-read The Namibian.

Question: Windhoek Mines, Ltd., Of Namibia, Is Contemplating The Purchase Of Equipment To Exploit A Mineral Deposit On Land To Which The Company Has Mineral Rights.

An Engineering And Cost Analysis Has Been Made, And It Is Expected That The Following Cash Flows Would Be Associated With Opening And Operating A Mine In The Area:Cost Of New Equipment And. Fiscal policy involves the government changing the levels of taxation and government spending in order to influence aggregate demand (AD) and the level of economic activity.

AD is the total level of planned expenditure in an economy (AD = C+ I + G + X – M) Stimulate economic growth in a period of a recession.The finding that a stable aggregate gasoline demand function seems to exist, would make forecasting of gasoline need at the national level possible.

The estimated price and income elasticities of − and imply that gasoline demand in Cited by:   The article presents you the difference between micro and macro economics, in both tabular form and points. The first one is microeconomics studies the particular market segment of the economy, whereas Macroeconomics studies the whole economy, that covers several market segments.