Thesis (Ph.D.)--University of Minnesota, 2002. / Advisers: Edward L. Farmer, Ann Waltner. Includes bibliographical references.

by Au Yeung Chi Wai, Alan, Choy Wai Shu, Vivian. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1993. / Includes bibliographical references (leaves 45-49). / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iii / ACKNOWLEDGEMENT --- p.v / CHAPTER / Chapter I. --- INTRODUCTION --- p.1 / Chapter II. --- LITERATURE REVIEW --- p.5 / Theory of Consumption with Income Uncertainty --- p.5 / Linear Moment Model --- p.7 / Autoregressive Conditional Heteroscedasticity Model --- p.9 / Specification Tests --- p.12 / Chapter III. --- SOME EVIDENCE ON THE RELEVANCE OF VARIANCE OF INCOME --- p.13 / Stationarity and Integration --- p.13 / Order of Integration of Income Series --- p.16 / Order of Integration of the Other Series --- p.18 / Cointegration Properties of the Series --- p.20 / The Influence of Income Uncertainty on Consumption --- p.23 / Chapter IV. --- LM AND ARCH ESTIMATIONS OF THE VARIANCE OF INCOME --- p.29 / Specification of the Income Equation --- p.29 / Estimation of the Variance of Income under the LM Model --- p.30 / Estimation of the Variance of Income under the ARCH Model --- p.31 / Comparison of LM Variance and ARCH Variance --- p.33 / Chapter V. --- THE CONSUMPTION FUNCTION AND THE RELEVANCE OF INCOME UNCERTAINTY --- p.37 / Specification of the Consumption Equation --- p.37 / LM Variances in the Consumption Function --- p.38 / ARCH Variances in the Consumption Function --- p.39 / Specification Test for the Inclusion of the Variance of Income … --- p.39 / Consumption Function Using Alternative Variance Series --- p.40 / Chapter VI. --- CONCLUSION --- p.44 / BIBLIOGRAPHY --- p.47 / DATA SOURCES --- p.50 / APPENDIX A --- p.51 / APPENDIX B --- p.64

Tan Jieyu. / Thesis (M.Phil.)--Chinese University of Hong Kong, 2004. / Includes bibliographical references (leaves 106-113). / Abstracts in English and Chinese. / Chapter Chapter 1 --- Introduction --- p.1 / Chapter Chapter 2 --- Literature Review --- p.4 / Consumption in a modern world --- p.4 / Modernization and consumption values --- p.10 / Chapter Chapter 3 --- Modernization in Urban China since 1979 and Research Hypotheses and Question --- p.20 / Modernization in urban China --- p.20 / Previous findings on consumption values in China --- p.28 / Research hypotheses and question --- p.33 / Chapter Chapter 4 --- Research Methods --- p.35 / Content analysis of newspaper ads --- p.35 / Interviews with experienced advertising professionals --- p.51 / Chapter Chapter 5 --- Research Findings --- p.54 / Consumption values manifested in newspaper advertising --- p.54 / The findings from interviews: changing consumption values in urban China corresponds to modernization --- p.77 / Chapter Chapter 6 --- Conclusion and Discussion --- p.87 / Concluding remarks --- p.87 / Limitations and suggestions for future research --- p.91 / Appendix --- p.94 / Basic questions for in-depth interviews with advertising professionals --- p.94 / Salience trends of consumption values found in newspaper ads --- p.95 / References --- p.106

published_or_final_version / Business Administration / Master / Master of Business Administration

Li, Pangyi. / Thesis (Ph.D.)--Chinese University of Hong Kong, 2013. / Includes bibliographical references. / Electronic reproduction. Hong Kong : Chinese University of Hong Kong, [2012] System requirements: Adobe Acrobat Reader. Available via World Wide Web. / Abstracts also in English.

This is an in-depth study of the structural change and transition of the Chinese consumer goods market from 1954 to 1991 using disequilibrium econometric methodology. The model for the Chinese consumer goods market is based on the Portes-Winter disequilibrium model for centrally planned economies (1980). The demand function is derived from the Houthakker-Taylor savings function. The supply function is composed of approximations to the government's long-term and short-term plans. The transaction quantity in the market is defined as the smaller of effective demand and supply. Using the traditional global fitting method, three models are evaluated: one model that assumes no structural change, and two models that assume structural change. The estimations show that the structures of the demand and supply functions of the Chinese consumer goods market have changed since the economic reform in 1980. An innovative non-parametric method of locally weighted optimization is applied to further test the variations in model parameters during the period between 1954 and 1991 without assuming explicit functional forms of demand and supply. The estimation results show that the Chinese consumer goods market fits the Portes-Winter model well in the earlier years. The results confirm that the structures of demand and supply functions have changed since the economic reform. In the late 1980's, the Chinese consumer goods market is shown to have shifted away from a pure centrally planned system. Other main conclusions of this study include, first, that chronic shortage does not exist in the Chinese consumer goods market from 1954 to 1991. Second, a rigid price level has not caused the market to be persistently in disequilibrium. Third, the classical disequilibrium model of consumer goods market in centrally planned economies does not fit the Chinese consumer goods market in the later years.

published_or_final_version / Urban Studies / Master / Master of Social Sciences

published_or_final_version / Statistics / Master / Master of Social Sciences

The first essay uses Chinese Urban Household Survey (CUHS) data from 1988 to 2003 to conduct a cohort analysis of household income, household consumption, and household saving rate, and then uses synthetic panel data to explore the determinants of household saving rate. The cohort analysis not only offers stylized patterns of age profiles on household income, household consumption, and household saving rate but also their profiles of cohort effect and age effect by decomposition work. The cohort analysis likewise tests the relation between cohort effect and productivity growth. Overall, the empirical results present a different pattern compared with other studies and also contradict with the general predictions of the standard model in the consumption theory. In investigating the determinants of household saving rate, this essay examines the roles of household income, economic growth rate, inflation rate, and demographic variables, especially from the perspective of income inequality and systematic difference among cohorts. / The second essay examines the existence of a precautionary saving motive due to labor income uncertainty, using CUHS data from 2002 to 2003. Methodologically, this essay adopts a novel method to construct the proxy for labor income uncertainty, by the ratio of infra-group dispersion conditional on the individuals' labor income determinants to labor income. The empirical results present robust evidence that labor income uncertainty negatively affects household consumption, and there exists obviously different responses to labor income uncertainty from three perspectives: between old households and young households, among different households whose household heads are in different occupations, and between households whose household heads work in the State-owned Units and their counterparts. / The third essay then attempts to explore the determinants of housing wealth and housing price by a hedonic pricing model and evaluate the housing wealth effect on household consumption behavior. For the determinants of housing wealth and housing price, this essay demonstrates that incomplete property rights depress the value of housing asset by both a theoretical model and the empirical results. Regarding housing wealth's effect on household consumption behavior, the empirical results show that the housing wealth effect is significant and that it is obviously smaller for those observations whose houses' property rights are incomplete, compared with their counterparts. / Zhou, Shaojie. / "August 2007." / Advisers: Jun Sen Zhang; Hong bin Li. / Source: Dissertation Abstracts International, Volume: 69-02, Section: A, page: 0704. / Thesis (Ph.D.)--Chinese University of Hong Kong, 2007. / Includes bibliographical references (p. 219-222). / Electronic reproduction. Hong Kong : Chinese University of Hong Kong, [2012] System requirements: Adobe Acrobat Reader. Available via World Wide Web. / Electronic reproduction. [Ann Arbor, MI] : ProQuest Information and Learning, [200-] System requirements: Adobe Acrobat Reader. Available via World Wide Web. / Electronic reproduction. Ann Arbor, MI : ProQuest dissertations and theses, [200-] System requirements: Adobe Acrobat Reader. Available via World Wide Web. / Abstract in English and Chinese. / School code: 1307.

published_or_final_version / Business / Master / Master of Philosophy