THE STOCK MARKET WEALTH AND CONSUMER SPENDING BEHAVIOUR: IS THERE A WEALTH EFFECT?

Hussain AL-OBAİD

Makale detayları

THE STOCK MARKET WEALTH AND CONSUMER SPENDING BEHAVIOUR: IS THERE A WEALTH EFFECT?

Yazarlar:

Hussain AL-OBAİD

Yayıncı:

Sosyal Bilimler Araştırmaları Derneği

Dergi:

International Journal of Economics and Finance Studies 2011 Vol.3 Issue 1, pp.111-118

Belge Tipi:

Makale

Yayın Tarihi:

5/2011

Belge Dili:

Türkçe

Document ID (Org No.):

2000811242

Sıklık:

İki Yıllık

eISSN:

1309-8055

Özet:

 

This paper investigates the effects of stock market wealth on consumer spending.  Basic macroeconometric models estimate that a Saudi Riyal's increase in stock  market wealth boosts consumer spending by 7-9 Halals per year. With the  significant 2004 and 2005 rise in stock prices in Saudi financial market, the nature  and importance of this wealth effect have been much debated. After reviewing  previous works, we find new evidence from the Direct Survey of Income &  Consumption(DSOIC). The survey results are mostly consistent with lifecycle  saving and a modest wealth effect. Some stockholders reported substantial effect  of stock prices on their saving and spending.

Makale detayları

THE STOCK MARKET WEALTH AND CONSUMER SPENDING BEHAVIOUR: IS THERE A WEALTH EFFECT?

Yazarlar: Hussain AL-OBAİD

Yayıncı: Sosyal Bilimler Araştırmaları Derneği

Dergi: International Journal of Economics and Finance Studies 2011 Vol.3 Issue 1, pp.111-118

Belge Tipi: Makale

Yayın Tarihi: 5/2011

Belge Dili: Türkçe

Document ID (Org No.): 2000811242

Sıklık: İki Yıllık

eISSN: 1309-8055

Sayı

Yazarlar:

Hussain AL-OBAİD

Yayıncı:

Sosyal Bilimler Araştırmaları Derneği

Dergi:

International Journal of Economics and Finance Studies 2011 Vol.3 Issue 1, pp.111-118

Belge Tipi:

Makale

Yayın Tarihi:

5/2011

Belge Dili:

Türkçe

Document ID (Org No.):

2000811242

Sıklık:

İki Yıllık

eISSN:

1309-8055