IDEAS home Printed from https://ideas.repec.org/a/oup/oxecpp/v44y1992i2p289-305.html
   My bibliography  Save this article

The Service Flow from Consumption Goods with an Application to Friedman's Permanent Income Hypothesis

Author

Listed:
  • Patterson, K D

Abstract

This study is concerned with measuring the service flow of consumption goods. It is argued that simply to aggregate consumers' expenditure on durable goods and nondurable goods is misleading as an indicator of consumption. This idea can be traced back to Friedman's permanent income hypothesis, but little progress seems to have been made on the practical implementation of this distinction. This study reports the calculation of a Divisia index of the service flow of consumer goods for the United Kingdom with an application to the permanent income hypothesis. Copyright 1992 by Royal Economic Society.

Suggested Citation

  • Patterson, K D, 1992. "The Service Flow from Consumption Goods with an Application to Friedman's Permanent Income Hypothesis," Oxford Economic Papers, Oxford University Press, vol. 44(2), pages 289-305, April.
    • Handle: RePEc:oup:oxecpp:v:44:y:1992:i:2:p:289-305
    as

    Download full text from publisher

    File URL: http://links.jstor.org/sici?sici=0030-7653%28199204%292%3A44%3A2%3C289%3ATSFFCG%3E2.0.CO%3B2-5&origin=bc
    File Function: full text
    Download Restriction: Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Max Munday & Annette Roberts, 2006. "Developing approaches to measuring and monitoring sustainable development in Wales: A review," Regional Studies, Taylor & Francis Journals, vol. 40(5), pages 535-554.
    2. Jim Malley & Hassan Molana, "undated". "The Permanent Income Hypothesis Revisited: Reconciling Evidence from Aggregate Data with the Representative Consumer Behaviour," ICMM Discussion Papers 48, Department of Economics University of Strathclyde.
    3. Nazim Kadri Ekinci, 2009. "Consumption And Growth From A Ricardian Perspective," Metroeconomica, Wiley Blackwell, vol. 60(4), pages 638-659, November.
    4. Riccardo Massari, 2005. "A Measure of Welfare Based on Permanent Income Hypothesis: An Application on Italian Households Budgets," Giornale degli Economisti, GDE (Giornale degli Economisti e Annali di Economia), Bocconi University, vol. 64(1), pages 55-92, September.
    5. Jim Malley & Hassan Molana, 1999. "The Permanent Income Hypothesis Revisited," Dundee Discussion Papers in Economics 105, Economic Studies, University of Dundee.
    6. Wen, Zongguo & Chen, Jining, 2008. "A cost-benefit analysis for the economic growth in China," Ecological Economics, Elsevier, vol. 65(2), pages 356-366, April.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:oxecpp:v:44:y:1992:i:2:p:289-305. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/oep .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.