Purchasing power

About: Purchasing power is a research topic. Over the lifetime, 2714 publications have been published within this topic receiving 36866 citations. The topic is also known as: adjusted for inflation.

Factors affecting the housing preferences of homebuyers in kuala lumpur

Abstract: The Malaysian Property Market Report 2016 reported that Malaysian properties transactions were down, office occupancies were down, and simultaneously unsold units were up. Almost two thirds of the total homes that developers launched remained unsold, comprising 90,491 units at the end of 2016 including of those completed, under construction, and not constructed. In recent years, the declining phenomenon in the property market is getting worse apparently. The reason behind this situation is mainly due to the rising cost of living which causes the purchasing power to be weakened; therefore, to buy a property or even goods for daily use has become difficult as the overall spending power of the Malaysians has decreased. Determining the important factors that impact upon the decision making of the house purchasing process could develop a better understanding for both buyers and home providers which eventually could avoid the ‘unsold’ properties scenario in the market. Hence, the objective of this research is to evaluate the relationship between the three main factors identified which are financial, location, and neighbourhood towards the housing preferences of homebuyers in Kuala Lumpur. A total of 100 respondents, ranged between 25 to 34 years old, responded to the survey, and the results were derived using the multiple regression analysis. The results favour the locational factors that contribute significantly to the determination of a buyer’s preferences when purchasing a house.

Mind the gap! International Comparisons of Productivity in Services and Goods Production

Abstract: In this paper, we make a comparison of industry output, inputs and productivity growth and levels between seven advanced economies (Australia, Canada, France, Germany, Netherlands, UK and U.S.). Our industry-level growth accounts go up to 2003, and make use of input data on labour quantity (hours) and quality (schooling levels), and distinguish between six different types of capital assets (including three ICT assets). The comparison of levels relies on multilateral, industry-specific purchasing power parities (PPPs) for output and inputs, within a consistent input-output framework for the year 1997. Our results show that differences in productivity growth and levels can mainly be traced to market services, not to goods-producing industries. Some of the strong productivity growth in market services in Anglo-Saxon countries may be related to relatively low productivity levels compared to the U.S. In contrast, services productivity levels in continental European countries were on par with the U.S. in 1997, but growth in Europe was much weaker since then. In terms of factor input use, the U.S. is very different from all other countries, mostly because of its more intensive use of ICT capital.

Women’s Power

Abstract: There are two ideas concerning women’s economic status that seem, at first glance, to contradict one another: 1 Women are poorer than men and think of themselves as powerless. 2 U.S. women are potentially the most economically powerful group in the world in terms of their purchasing power.

From Income to Household Welfare: Lessons from Refrigerator Ownership in India

Abstract: This paper draws implications for the energy and education policies in developing countries based on the insights derived from studying the determinants of household refrigerator ownership in India. In our study the failure of the government policies to ensure reliable public services such as uninterrupted power supply and improving female education levels turn out to be the key stumbling blocks to raising household welfare in India. While a threshold level of household income is necessary for a purchase of a consumer durable, it is not a sufficient condition. Our results for the determinants of refrigerator ownership in India suggest that, even when households have sufficient purchasing power, the duration of a complementary good (electricity for >17 h per day) is critical for the ownership, all else held constant. Also, females in households tend to derive greater utility from the refrigerator usage due to its impact on lowering household burden of work and easing women’s entry into the labour market. Our results confirm the hypothesis that when women bargaining power is proxied by the level of education, households with a female with higher level of education have higher probability of refrigerator ownership.

Stabilization Characteristics of Unemployment Insurance

Abstract: Determines the extent to which unemployment insurance benefits have helped maintain aggregate purchasing power during periods of economic recession. Purposes of unemployment compensation; Extensions of unemployment insurance; Automatic and formula level of benefits that can be expected from unemployment exceeding 4% in 1975 and 1976. (Abstract copyright EBSCO.)