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Estimating the Determinants of Households' Consuming Expenditure A Panel Data Model Approach

  • Journal of Knowledge Information Technology and Systems
  • Abbr : JKITS
  • 2010, 5(3), pp.123-131
  • Publisher : Korea Knowledge Information Technology Society
  • Research Area : Interdisciplinary Studies > Interdisciplinary Research
  • Published : June 30, 2010

Hyun-Joo Lee 1 나윤수 2 Kim Hee Chul 3

1숭실대학교
2송호대학교
3남서울대학교

Candidate

ABSTRACT

Household expending consumer is composed of various factors for groups and time series. This study paper focuses on what makes up this household expending consumer. In this paper we use the panel data for finding various variables and using this we analyse the factors that is major influence to household expending consumer. For analysis we looked at the expending consumer of households of 9 groups such as rent, electricity, food expense, & non-alcohol drinking expense, traffic expense, entertainment expense, food and lodge expense, education expense, health care expense, telecommunication expense, etc. In our analysis we looked at the expending consumer each households during the period from 2005.01 to 2009.12. We examined the data in relation to household monthly income, the consumer price index, employment ratios, the house sale pricing index, the coincide composite index, the composite stock price index and employment ratios. In looking at the factors which determine household expending consumer and outgoings, evidence was produced supporting the hypothesis that there is a significant positive relationship between the household monthly income and house sale pricing index, but house sale pricing index is a non-significant variable and there is a negative relationship. And consumer price index and composite stock price index and employment index are positive relationship and they are not in terms of significant variables in terms of households expending consumer.

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