Estimating wealth effects without expenditure Data - Or tears: An application to educational enrollments in states of india.
We estimate the wealth effect from unrealized gains on bitcoin trading by Japanese investors since the start of fiscal year 2017, and estimate a potential boost to consumer spending of 23.2 - 96.0 billion yen.
«
We estimate the wealth effect from unrealized gains on bitcoin trading by Japanese investors since the start of fiscal year 2017, and estimate a potential boost to consumer spending of 23.2 to 96.0 billion yen ($ 206.0 million to $ 852.5 million).»
Because a larger percentage of the price gains were experienced toward the final quarter of 2017, Nomura
estimates the wealth effect will be noticeable, raising real gross domestic product (GDP) by around 0.3 percent:
Not exact matches
The model
estimates the distributional
effects of taxes according to the distribution of household income or
wealth as well as other household characteristics such as age of the head of household.
Instead, the claims had come from the Caitlin mission to the Arctic — a PR and media stunt designed to highlight the shrinking of the Arctic — and from the Global Humanitarian Forum's crude
estimate of the
effects of climate on poorer parts of the world that had emphasised climate, rather than lack of
wealth, as the fundamental in the condition of the world's poor.
«Moreover, the fact that the rise in bitcoin prices was concentrated in 2017 Q4 could result in the
wealth effect materializing in 2018 Q1, and if that is the case, we
estimate a potential boost to real GDP growth on an annualized quarter - on - quarter basis of up to about 0.3 percentage points.»
«We measured the
wealth effect of unrealized gains in Bitcoin trading by Japanese investors since the beginning of the fiscal year 2017, and we
estimate a potential boost in consumer spending of between 23.2 billion and 96 billion yen.»
Moreover, the fact that the rise in bitcoin prices was concentrated in 2017 fourth quarter could result in the
wealth effect materialising in 2018 first quarter, and if that is the case, we
estimate a potential boost to real GDP growth on an annualised quarter over quarter basis of up to about 0.3 percentage points
``... the fact that the rise in bitcoin prices was concentrated in 2017 fourth quarter could result in the
wealth effect materializing in 2018 first quarter... we
estimate a potential boost to real GDP growth on an annualized quarter over quarter basis of up to about 0.3 percentage points.»
Suimon and Miyamoto
estimate that the
wealth effect of this rise is worth an extra 96 billion yen (approximately $ 850 million) to the economy.