Research Article
BibTex RIS Cite

Year 2021, Volume: 43 Issue: 1, 179 - 196, 01.07.2021

Gizem Acet Dönmez Hurşit Güneş

https://doi.org/10.14780/muiibd.960326
Cited By: 1

Abstract

References

  • AKBAY, C., Boz, İ. (2007). Household Food Consumption in Turkey, European Review of Agricultural Economics, 34(2): 209–231.
  • ALBAYRAK, Ö. (2020). Household Consumption, Household Indebtedness, and Inequality in Turkey: A Microeconometric Analysis, Levy Economics Institute Working Paper, No: 954.
  • CERİTOĞLU, E. (2013). Household Expectations and Household Consumption Expenditures: The Case of Turkey, Central Bank of the Republic of Turkey Working Paper, No: 13/10.
  • ÇAĞLAYAN, E., Astar, M. (2012). A Microeconometric Analysis of Household Consumption Expenditure Determinants for Both Rural and Urban Areas in Turkey, American International Journal of Contemporary Research, 2(2): 27-34.
  • DEATON, A. (1992). Understanding Consumption, Clarendon Press, Oxford.
  • DEMİREZEN, Ö. (2015). Türkiye’de Kredilerin Özel Tüketim Harcamalarına Etkisi, T. C. Kalkınma Bakanlığı Uzmanlık Tezi.
  • DUESENBERRY, J. S. (1949). Income, Saving and the Theory of Consumer Behaviour, Cambridge: Harvard University Press.
  • FRIEDMAN, M. (1957). A Theory of the Consumption Function, Princeton, NJ: Princeton University Press.
  • HALL, R. (1978). Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence, Journal of Political Economy, 86(6): 971–987.
  • JOHN, O. O., Nduka E. C. (2009). Quantile Regression Analysis as a Robust Alternative to Ordinary Least Squares, Scientia Africana, 8(2): 61-65.
  • KEYNES, J. M. (1936). The General Theory of Employment, Interest and Money, London: Macmillan.
  • KOENKER, R., Basset, G.W. (1978). Regression Quantile, Econometrica, 46(1): 33-50.
  • KOH, W. C., Köse, M. A., Nagle, P. S., Ohnsorge, F. L., Sugawara, N. (2020). Debt and Financial Crises, World Bank Policy Research Working Paper, 9116.
  • LEWIS, J. (2014). Income, Expenditure and Personal Wellbeing, 2011/12, UK Office for National Statistics.
  • LUO, X., Wang, Y., Zhang, X. (2019). E-Commerce Development and Household Consumption Growth in China, World Bank Policy Research Working Paper, No 8810.
  • MIGNOUNA, D. B., Abdoulaye, T., Alena, A., Manyong, V. M., Dontsop, P. N., Ainembabazi, J, H., Asiedu, R. (2015). A Microeconometric Analysis of Household Consumption Expenditure Determinants in Yamgrowing Areas of Nigeria and Ghana, Tropicultura, 33(3): 226-237.
  • MILES, D. (1997). A Household Level Study of the Determinants of Incomes and Consumption, The Economic Journal, 107: 1-25.
  • MODIGLIANI, F., Brumberg, R. (1954). Utility Analysis and The Consumption Function: An Interpretation of Cross-Section Data, In the Collective Papers of Franco Modigliani, Volume, Cambridge, MA and London: MIT Press.
  • OECD (2013). OECD Framework for Statistics on the Distribution of Household Income, Consumption and Wealth, OECD Publishing, https://read.oecd-ilibrary.org/economics/framework-for-statistics-on-thedistribution- of-household-income-consumption-and-wealth_978.926.4194830-en#page1, (Accessed on 15.12.2020)
  • ÖNDER, K. (2018). The Effect of Credit Card Usage on Consumer Behavior, International Journal of Eurasia Social Sciences, 9(32): 1099-1120.
  • SCOTT, R. H. (2007). Credit Card Use and Abuse: A Veblenian Analysis, Journal of Economic Issues, 41(2): 567-574.
  • STIGLITZ, J., Sen, A., Fitoussi, J. P. (2009). Report of the Commission on the Measurement of Economic Performance and Social Progress, https://ec.europa.eu/eurostat/documents/8131721/8131772/Stiglitz- Sen-Fitoussi-Commission-report.pdf, (Accessed on 10.06.2021)
  • TAPSIN, G., Hepsag, A. (2014). An Analysis of Household Consumption Expenditures in EA-18, European Scientific Journal, 10(16): 1-12.
  • TURKISH STATISTICAL INSTITUTE (2018). Household Budget Statistics Micro Data Set, https://www.tuik. gov.tr/media/microdata/pdf/hanehalki-butce_YeiTwew.pdf, (Accessed on 10.06.2021)
  • TURKISH STATISTICAL INSTITUTE (2020). Annual GDP 2019, Press Bulletin, https://data.tuik.gov.tr/ Bulten/Index?p=Annual-Gross-Domestic-Product-2019-33671, (Accessed on 07.06.2021)
  • TURKSTAT (2002). Household Budget Statistics Micro Data Set 2002.
  • TURKSTAT (2018). Household Budget Statistics Micro Data Set 2018.
  • VEBLEN, T. (1899). The Theory of the Leisure Class, Reprint, Delhi: Aakar Books, 2005.
  • VERTER, N., Osakwe, C. (2014). A Time Series Analysis of Macroeconomic Determinants of Household Spending in the Era of Cross-cultural Dynamics: Czech Republic as a Case Study, Procedia Economics and Finance, 12(2014): 733-742.
  • WANG, H., Sindelar, J., Bush, S. (2006). The Impact of Tobacco Expenditure on Household Consumption Patterns in Rural China, Social Science & Medicine, 62(6): 1414–1426.

HOUSEHOLD CONSUMPTION EXPENDITURES IN TURKEY: A COMPARATIVE QUANTILE REGRESSION ANALYSIS

Year 2021, Volume: 43 Issue: 1, 179 - 196, 01.07.2021

Gizem Acet Dönmez Hurşit Güneş

https://doi.org/10.14780/muiibd.960326
Cited By: 1

Abstract

Consumption is one of the key concepts in economics due to its animate connections with GDP,
savings, and utility. The current study aims to analyse the relationship between household consumption
expenditures and some household characteristics in Turkey through Household Budget Surveys of TurkStat
for the years 2002 and 2018. With the implementation of quantile regression estimations, it is shown that
disposable income emerges as a very important determinant of consumption expenditures as suggested by
the conventional theories of consumption. Most of the households, who intensify their savings, especially
to purchase real estate, reduce their consumption levels. It is also observed that the household-heads who
are single or enjoy a higher level of education spend more. Although the age of the household head is
positively associated with the level of consumption in 2002, this relationship seems to be reversed in 2018.
Regarding economic growth trends in the Turkish economy, such an observation might support the lifecycle
theory. The households who use credit cards and online shopping are associated with a higher level of
consumption expenditure compared to those who do not use these opportunities.

Keywords

Consumer Economics: Empirical Analysis Quantile Regressions Household Consumption

References

  • AKBAY, C., Boz, İ. (2007). Household Food Consumption in Turkey, European Review of Agricultural Economics, 34(2): 209–231.
  • ALBAYRAK, Ö. (2020). Household Consumption, Household Indebtedness, and Inequality in Turkey: A Microeconometric Analysis, Levy Economics Institute Working Paper, No: 954.
  • CERİTOĞLU, E. (2013). Household Expectations and Household Consumption Expenditures: The Case of Turkey, Central Bank of the Republic of Turkey Working Paper, No: 13/10.
  • ÇAĞLAYAN, E., Astar, M. (2012). A Microeconometric Analysis of Household Consumption Expenditure Determinants for Both Rural and Urban Areas in Turkey, American International Journal of Contemporary Research, 2(2): 27-34.
  • DEATON, A. (1992). Understanding Consumption, Clarendon Press, Oxford.
  • DEMİREZEN, Ö. (2015). Türkiye’de Kredilerin Özel Tüketim Harcamalarına Etkisi, T. C. Kalkınma Bakanlığı Uzmanlık Tezi.
  • DUESENBERRY, J. S. (1949). Income, Saving and the Theory of Consumer Behaviour, Cambridge: Harvard University Press.
  • FRIEDMAN, M. (1957). A Theory of the Consumption Function, Princeton, NJ: Princeton University Press.
  • HALL, R. (1978). Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence, Journal of Political Economy, 86(6): 971–987.
  • JOHN, O. O., Nduka E. C. (2009). Quantile Regression Analysis as a Robust Alternative to Ordinary Least Squares, Scientia Africana, 8(2): 61-65.
  • KEYNES, J. M. (1936). The General Theory of Employment, Interest and Money, London: Macmillan.
  • KOENKER, R., Basset, G.W. (1978). Regression Quantile, Econometrica, 46(1): 33-50.
  • KOH, W. C., Köse, M. A., Nagle, P. S., Ohnsorge, F. L., Sugawara, N. (2020). Debt and Financial Crises, World Bank Policy Research Working Paper, 9116.
  • LEWIS, J. (2014). Income, Expenditure and Personal Wellbeing, 2011/12, UK Office for National Statistics.
  • LUO, X., Wang, Y., Zhang, X. (2019). E-Commerce Development and Household Consumption Growth in China, World Bank Policy Research Working Paper, No 8810.
  • MIGNOUNA, D. B., Abdoulaye, T., Alena, A., Manyong, V. M., Dontsop, P. N., Ainembabazi, J, H., Asiedu, R. (2015). A Microeconometric Analysis of Household Consumption Expenditure Determinants in Yamgrowing Areas of Nigeria and Ghana, Tropicultura, 33(3): 226-237.
  • MILES, D. (1997). A Household Level Study of the Determinants of Incomes and Consumption, The Economic Journal, 107: 1-25.
  • MODIGLIANI, F., Brumberg, R. (1954). Utility Analysis and The Consumption Function: An Interpretation of Cross-Section Data, In the Collective Papers of Franco Modigliani, Volume, Cambridge, MA and London: MIT Press.
  • OECD (2013). OECD Framework for Statistics on the Distribution of Household Income, Consumption and Wealth, OECD Publishing, https://read.oecd-ilibrary.org/economics/framework-for-statistics-on-thedistribution- of-household-income-consumption-and-wealth_978.926.4194830-en#page1, (Accessed on 15.12.2020)
  • ÖNDER, K. (2018). The Effect of Credit Card Usage on Consumer Behavior, International Journal of Eurasia Social Sciences, 9(32): 1099-1120.
  • SCOTT, R. H. (2007). Credit Card Use and Abuse: A Veblenian Analysis, Journal of Economic Issues, 41(2): 567-574.
  • STIGLITZ, J., Sen, A., Fitoussi, J. P. (2009). Report of the Commission on the Measurement of Economic Performance and Social Progress, https://ec.europa.eu/eurostat/documents/8131721/8131772/Stiglitz- Sen-Fitoussi-Commission-report.pdf, (Accessed on 10.06.2021)
  • TAPSIN, G., Hepsag, A. (2014). An Analysis of Household Consumption Expenditures in EA-18, European Scientific Journal, 10(16): 1-12.
  • TURKISH STATISTICAL INSTITUTE (2018). Household Budget Statistics Micro Data Set, https://www.tuik. gov.tr/media/microdata/pdf/hanehalki-butce_YeiTwew.pdf, (Accessed on 10.06.2021)
  • TURKISH STATISTICAL INSTITUTE (2020). Annual GDP 2019, Press Bulletin, https://data.tuik.gov.tr/ Bulten/Index?p=Annual-Gross-Domestic-Product-2019-33671, (Accessed on 07.06.2021)
  • TURKSTAT (2002). Household Budget Statistics Micro Data Set 2002.
  • TURKSTAT (2018). Household Budget Statistics Micro Data Set 2018.
  • VEBLEN, T. (1899). The Theory of the Leisure Class, Reprint, Delhi: Aakar Books, 2005.
  • VERTER, N., Osakwe, C. (2014). A Time Series Analysis of Macroeconomic Determinants of Household Spending in the Era of Cross-cultural Dynamics: Czech Republic as a Case Study, Procedia Economics and Finance, 12(2014): 733-742.
  • WANG, H., Sindelar, J., Bush, S. (2006). The Impact of Tobacco Expenditure on Household Consumption Patterns in Rural China, Social Science & Medicine, 62(6): 1414–1426.
There are 30 citations in total.

Details

Primary Language English
Subjects Economics
Journal Section Makaleler
Authors

Gizem Acet Dönmez

Hurşit Güneş This is me

Publication Date July 1, 2021
Submission Date February 14, 2021
Published in Issue Year 2021 Volume: 43 Issue: 1

Cite

APA Acet Dönmez, G., & Güneş, H. (2021). HOUSEHOLD CONSUMPTION EXPENDITURES IN TURKEY: A COMPARATIVE QUANTILE REGRESSION ANALYSIS. Marmara Üniversitesi İktisadi Ve İdari Bilimler Dergisi, 43(1), 179-196. https://doi.org/10.14780/muiibd.960326
AMA Acet Dönmez G, Güneş H. HOUSEHOLD CONSUMPTION EXPENDITURES IN TURKEY: A COMPARATIVE QUANTILE REGRESSION ANALYSIS. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi. July 2021;43(1):179-196. doi:10.14780/muiibd.960326
Chicago Acet Dönmez, Gizem, and Hurşit Güneş. “HOUSEHOLD CONSUMPTION EXPENDITURES IN TURKEY: A COMPARATIVE QUANTILE REGRESSION ANALYSIS”. Marmara Üniversitesi İktisadi Ve İdari Bilimler Dergisi 43, no. 1 (July 2021): 179-96. https://doi.org/10.14780/muiibd.960326.
EndNote Acet Dönmez G, Güneş H (July 1, 2021) HOUSEHOLD CONSUMPTION EXPENDITURES IN TURKEY: A COMPARATIVE QUANTILE REGRESSION ANALYSIS. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi 43 1 179–196.
IEEE G. Acet Dönmez and H. Güneş, “HOUSEHOLD CONSUMPTION EXPENDITURES IN TURKEY: A COMPARATIVE QUANTILE REGRESSION ANALYSIS”, Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi, vol. 43, no. 1, pp. 179–196, 2021, doi: 10.14780/muiibd.960326.
ISNAD Acet Dönmez, Gizem - Güneş, Hurşit. “HOUSEHOLD CONSUMPTION EXPENDITURES IN TURKEY: A COMPARATIVE QUANTILE REGRESSION ANALYSIS”. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi 43/1 (July 2021), 179-196. https://doi.org/10.14780/muiibd.960326.
JAMA Acet Dönmez G, Güneş H. HOUSEHOLD CONSUMPTION EXPENDITURES IN TURKEY: A COMPARATIVE QUANTILE REGRESSION ANALYSIS. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi. 2021;43:179–196.
MLA Acet Dönmez, Gizem and Hurşit Güneş. “HOUSEHOLD CONSUMPTION EXPENDITURES IN TURKEY: A COMPARATIVE QUANTILE REGRESSION ANALYSIS”. Marmara Üniversitesi İktisadi Ve İdari Bilimler Dergisi, vol. 43, no. 1, 2021, pp. 179-96, doi:10.14780/muiibd.960326.
Vancouver Acet Dönmez G, Güneş H. HOUSEHOLD CONSUMPTION EXPENDITURES IN TURKEY: A COMPARATIVE QUANTILE REGRESSION ANALYSIS. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi. 2021;43(1):179-96.

Cited By

Changes in the Current Patterns of Beef Consumption and Consumer Behavior Trends—Cross-Cultural Study Brazil-Spain-Turkey
Foods
https://doi.org/10.3390/foods12030475

Marmara University Journal of Economic and Administrative Sciences is licensed under Attribution-NonCommercial 4.0 International

by-nc.png