Парадокс Дитона-Паксон в потреблении российских домохозяйств
The existence of economies of scale or the Deaton–Paxson paradox significantly complicates the estimations of household consumption significantly. This paper investigates whether this paradox is present for some core elements of the consumption of Russian households based on RLMS data. The results confirmed the existence of the paradox, but showed that during an economic crisis it has the least effect. In addition, it was found that indicators of the economy of scale differ for households with various income and composition and for different types of goods. Findings of the study indicate that for more accurate estimations in calculating the economic indicators that take into account household expenditures, such as level and depth of poverty using alternative approaches, adjustment for economies of scale is necessary. The study also provides an analysis of the same type with the power switch on the effect of the other when changing the size of the household in trying to understand the source of the paradox. The results show that switching phenomenon does exist, but acting in different directions with the addition to the family of the child and adult. The study also offers an examination of the “switching effect” in order to understand the real source of the paradox. The results show that “switching phenomenon” does exist, but works in different directions with the addition of the child or the adult to the family.
This paper investigated the household consumption behavior in Russia. The model assumes that household consumption can be described by the Euler equation. Using panel data on households (Russian Longitudinal Monitoring Survey–Higher School of Economics [RLMSHSE]) from 2000 to 2011, we obtained the estimates of the elasticity of intertemporal substitution.
This paper investigates the household consumption behavior in Russia. The model assumes that household consumption can be described by the Euler equation. Using panel data on household from 2002 to 2011, we obtained the estimates of the elasticity of intertemporal substitution, which are different for lenders or borrowers.
Article analyses problems of formation of economic system oriented towards sustainable socio-economic development of the economy of “High North”. Author emphasizes existing approach based upon “economy of scale” does not fits to the modern tasks of the economic development in harmony with preservation of the unique Nature and, more over traditional life style and economic activity of endogenous people of the North. Due to author opinion, solution is available in way of integration of modern technology (including Internet of things), extension of rights of local communities and municipalities in natural resources management (based upon inclusive principles) and also formation of spatially interconnected value chains as of goods as of services. Economy od Arctic could not be analyzed and valued as spatially closed system. Economic interests of Arctic areas (first of all of municipalities and communities) needs to be presented at all stages of value creation and value accumulation. Basis for this lies in a term “social value”. Only this basis could create and develop appropriate socio-economic systems oriented towards harmonization of common and specific features of the Arctic economy.