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Analyses of different parameters affecting household consumption in the United Kingdom

Kachhara, Preksha (2020) Analyses of different parameters affecting household consumption in the United Kingdom. Masters thesis, Dublin, National College of Ireland.

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Abstract

This research outlines the consumption behavior in United Kingdom. The previous recessions in UK marked a contraction in consumption expenditure which was boosted by high level of debt financing. The validation of conventional consumption theories in accordance with UK economy is questioned and new consumption model is developed. A model developed is based on all the consumption theories and the current economic trend. The trend of households’ behavior in specific economic periods is highlighted. The study then assess the impact of central bank’s monetary policy impact on the debt levels of the households. It also emphasize on the issues of rising household debt and problem debt and its impact on consumption. The paper then provides an empirical investigation of UK spending in relation to variables including interest rates, debt levels, income and savings of the households. Analysis is drawn based on the empirical evidence, consumption model and the current trends of these variables. The results suggest that the consumption theories are not completely in line with the current economic conditions in UK.

Item Type: Thesis (Masters)
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
H Social Sciences > HF Commerce > Marketing > Consumer Behaviour
Divisions: School of Business > Master of Science in Management
Depositing User: Dan English
Date Deposited: 06 Feb 2021 11:19
Last Modified: 06 Feb 2021 11:19
URI: http://norma.ncirl.ie/id/eprint/4673

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