In the short run, the technology should pave the way for increased consumption, asset accumulation, and reduced persistent poverty among users.
"You have to ask yourself, like every other durable consumption asset, is the cost of maintaining the second house at the shore worth the enjoyment you get from it?" Mr. Egan said.
The most effective tool for assessing the benefits of microfinance is the measurement of its impact on the poor in terms of employment, income, consumption, assets, nutrition, children's schooling, fertility and use of contraceptives.
Epstein, Lawrence and Stanley Zin, "Substitution, Risk Aversion and the Temporal Behaviour of Consumption and Asset Returns, A Theoretical Framework," Econometrica 57, (1989) 937-969.
The pilot has shown a number of benefits including high costumer satisfaction, more discrete understanding of consumption, better asset management and reduced cash management.
The pilot has shown a number of benefits including high consumer satisfaction, better user understanding of consumption, improved asset management, and a reduced need for cash management.
Rising unemployment, weak consumption, falling asset values, masses of debts and an attitude to restructuring that even optimists might describe as optimistic have led to a surge in bankruptcies and financial instability.
Growth should come from increased personal consumption, fixed asset investment, government spending and inventories, while net trade will likely be a negative factor.
In addition, food consumption and asset indices are recommended as proxies for income.
Relative to consumption, an asset index is more likely to reflect longer-run household wealth or living standards, and is less likely to account for short-run interruptions or shocks to the household [ 32].
Explaining the poor performance of consumption-based asset pricing models.
