The first half of this research is an attempt to provide a solid theoretical foundation of the
various theories of the consumption function and the empirical evidence. Both the
theoretical foundation and the empirical evidence is wide-ranging, spanning a period of over
fifty years, with a discussion on the early Keynesian consumption function through to the
influence of the rational expectations approach to economic modelling. The emphasis is
both on the macro as well as micro aspects of the consumption function.
The second half of this research considers the nature of the consumption function in South
Africa. This is done with the application of time-series data to three particular models that
could provide some insight, and answer certain broad questions about the behaviour of
consumption in South Africa. More specifically this is achieved through disaggregation by
considering demand functions for specific items of consumption. / Thesis (M. Com.)-University of Durban-Westville, 1996.
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:ukzn/oai:http://researchspace.ukzn.ac.za:10413/4837 |
| Date | January 1996 |
| Creators | Govinden, Marylla G. |
| Contributors | Contogiannis, E. |
| Source Sets | South African National ETD Portal |
| Language | English |
| Detected Language | English |
| Type | Thesis |
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