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- Title
HOUSEHOLD CONSUMPTION PATTERN IN AL-AIN, UAE.
- Authors
Al-Jundi, Salem A.; Ahmad, Reyaz
- Abstract
What is the consumption pattern of a typical household in Al-Ain, UAE? To answer the question, a template of a household budget is developed through discussion. It is found that households spent 22% of their total expenditures on housing, 16% on non-durable goods, 15% on education, and 10% on recreation. The remittance reached 6% of household income, and saving was 17%. Households received loans equal to 6.6% of income. A simple linear consumption function is estimated. The marginal propensity to consume equals 0.67. We concluded that there is a high degree of consumerism and social solidarity in Al-Ain society.
- Publication
Global Business & Economics Anthology, 2015, Vol 1, p80
- ISSN
1553-1392
- Publication type
Academic Journal