Högskolan i Skövde

The Consumption Function of Luxury Goods 2009 (English)Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesisAlternative title

The Expenditure Function of Luxury Goods (English)

Abstract [en]

The goal of this thesis will be to formulate an economic model that exposes the relationship between consumption of luxury goods and selected factors which includes advertising, disposable income, interest rate, price index and stock premium.

By building the Multiple Linear Regressions model to formulate the consumption function and using the Ordinary Least Squares (OLS) as the method, it becomes apparent that advertising, disposable income and the previous quarter´s disposable income are the major variables to affect luxury good consumption, of all the factors. Furthermore, the previous quarter´s disposable income has a slightly higher effect than the current one on luxury consumption. Similar studies, which focus on luxury items, have proposed models that test a single or a few variables at a time, and others that concentrate on durable goods have a wide range of variables to examine. I attempt to combine both in my model to test luxury consumption with a wide range of variables.

Place, publisher, year, edition, pages

2009. , p. 27

Keywords [en]

Luxury Goods, Advertising, Disposable Income, Consumption Function

National Category

Social Sciences Business Administration Economics Economics

Identifiers

URN: urn:nbn:se:his:diva-3405OAI: oai:DiVA.org:his-3405DiVA, id: diva2:242116

Presentation

G207, Högskolevägen, Box 408, 541 28 Skövde,Sweden, University Of Skövde (English)

Uppsok

Social and Behavioural Science, Law

Supervisors

Examiners

Note

1.Abstrsact: short (1/2 page) The very specific purpose of your study The finding ( results) The method: statistical method, the data , the theoretical data, Compare your results with the results from similar studies. 2.Introduction (1 and half page) A general idea ( 4-6 lines) Make references to theoretical and empirical research paper. Names, dates, and contribution. The purpose of your study Method Limitation Outline of the paper 3.Conclusion (1 page) The purpose of the study The results The method Comparison with the results from similar studies Critical discussion of your own studies Further studies 4. consider opponents points too Available from: 2009-12-10 Created: 2009-10-07 Last updated: 2009-12-10Bibliographically approved

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