Abstract
The analysis of consumer demand and savings constitutes one of the most developed areas of economics and applied econometrics. Empirical research has been conducted by scientists of the calibre of H. Schultz, H. Wold, R. Stone, H. Theil, F. Modigliani and many others. Classical analysis, however, assumes that consumer demand is fulfilled and realized in the market, in terms of purchases. Thus the unspent part of current income is saved voluntarily and comprises the increase in consumer savings.
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Welfe, A. (1989). Savings and consumption in the centrally planned economy: a disequilibrium approach. In: Davis, C., Charemza, W. (eds) Models of Disequilibrium and Shortage in Centrally Planned Economies. International Studies in Economic Modelling. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-0823-9_12
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DOI: https://doi.org/10.1007/978-94-009-0823-9_12
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