So while most mortgage money was used to bid up the price of home ownership, about a quarter of new lending was reported to be spent
on consumption goods.
Not exact matches
That period of reflection appears to have emboldened Poloz's conviction in the story he's been telling from the start: that international sales of manufactured
goods and services would lead a rotation away from the economy's reliance
on high commodity prices and
consumption by heavily indebted households.
That's U.S. personal
consumption graphed against spending
on capital
goods; one represents some 70 % of GDP and the other represents about 4.5 % of GDP.
The more credit creation takes the form of inflating asset prices — rather than financing purchases of
goods and services or direct investment employing labor — the more deflationary its effects are
on the «real» economy of production and
consumption.
Why can't they increase their
consumption and investment levels rather than relying
on the U.S. economy to buy their consumer
goods and capital
goods for surplus dollars that have no better use than to accumulate in the world's central banking system as excess reserves?
If China was investing in better health care, more retirement facilities for their aging population, and cleaning up their air (putting scrubbers
on all their power plans) and water (forcing firms to stopping dumping industrial waste in their rivers), and generally providing more
consumption goods and services to their own workers, THAT would be a step forward.
It means that instead of spending income
on buying
goods and services in the «real» production - and -
consumption economy, they are paying the bill for past asset price inflation.
Homeownership tends to encourage spending
on durable
goods and hence its depressed levels could explain why real U.S.
consumption growth over 2011 - 2017 has been much weaker (by about half a percentage point annualized every quarter) than the pre-recession average.
The tax changes also influenced
consumption decisions with the purchase of some
goods whose prices were expected to increase
on 1 July being brought forward before that date, and other purchases where prices were expected to fall — most notably motor vehicles — being delayed.
Business capital expenditure investment and durable
goods consumption are very strong, which have, for years, been drags
on the economic recovery.
Around 1980, U.S. personal
consumption expenditures (PCE) were divided roughly evenly between income spent
on physical
goods and that spent
on services.
A value - added tax
on consumption of
goods and services could make up the shortfall from cutting corporate tax rates in the United States, but don't expect it to be enacted anytime soon.
The modest growth in
consumption in the December quarter reflected a 1/2 per cent fall in expenditure
on goods, which was smaller than the decline reported in the retail trade survey.
Imports of
consumption goods in the quarter received a boost from the reduction in some tariffs
on 1 January; tariffs
on imports of passenger motor vehicles and parts fell from 15 per cent to 10 per cent, while the average tariff
on textiles, clothing & footwear fell from 21 percent to 14 1/2 per cent.
A: If you look at consumer spending patterns, you'll see lower income people tend to spend a higher proportion of their income
on consumer
goods, so a
consumption tax cut benefits them disproportionately compared to upper income people.
Another problem he underlines is that emphasis is often only placed
on the own - price elasticity of demand for SSBs although substitution towards other non-taxed
goods that are high in calories can also take place, reducing or even eliminating any direct reduction in the
consumption of SSBs.
Obviously there's volatility with income taxes during a recession, but I would think the tendency of people to slow spending
on unnecessary
goods during a recession would be particularly damaging to a
consumption tax.
Another by University of Chicago economists suggests «trickle - down
consumption:» when the rich spend
on high - end
goods, that influences the non-rich around them to also spend to keep up.
The most resource - poor countries in the world are probably Hong Kong and Singapore, where millions of people are crowded together
on a little island, and they have to import almost all their
consumption goods.
«hard times as the bondholders buy fewer
goods and services» doesn't apply in two cases - first, for non-local bondholders; second, for ultra-rich bondholders whose
consumption isn't directly dependent
on their short - term income.
The report draws
on government and trade statistics, academic evidence and economic theory to challenge arguments that the health and social benefits of reducing alcohol
consumption are likely to come at a cost to the economy, finding: · Any reduction in employment and income resulting from lower spending
on alcohol would be offset by spending
on other
goods · Econometric analysis of US states suggests that a 10 % decrease in alcohol
consumption is associated with a 0.4 % increase in per capita income growth · Lower alcohol
consumption could also reduce the economic costs of impaired workplace productivity, alcohol - related sickness, unemployment and premature death, which are estimated to cost the UK # 8 - 11 billion a year The analysis comes at a timely moment, with health groups urging the Chancellor to raise alcohol duty in next month's Budget.
Finally, similar results may be achieved through a simpler means -
consumption taxes, inheritance taxes and excise taxes
on luxury
goods.
Focusing
on the year 2007, the researchers found that of the 3.45 million premature deaths caused by fine - particulate - matter air pollution, about 12 percent were related to pollutants emitted in a different region of the world, and 22 percent were associated with
goods produced in one region for
consumption in another.
Peter Ryan's letter makes a good argument for taxing carbon emissions
on the
consumption rather than production of
goods (22/29...
On the other hand, trade - related deaths resulted in the opposite imbalance: The
consumption of Chinese - made
goods in Western Europe and the United States likely caused more than 108,600 premature deaths in China.
While most of this deforestation occurred in South America, Southeast Asia and sub-Saharan Africa and the majority of agricultural products causing deforestation were consumed in the countries of origin,
goods consumed in the EU contributed to approximately 90,000 square kilometers of lost forestland — about 7 % of the global deforestation resulting from agricultural expansion during this period, and up to 10 % if all finally processed products and all
consumption sectors — such as textiles, pharmaceuticals, and service sectors — are added
on.
This is regardless of other kitchen practices that may be right
on target such as sourcing local and organic produce,
consumption of antibiotic / steroid free grassfed meat and use of freshly ground flour to prepare traditionally made baked
goods.
Scarce
goods and services are allocated in a market economy through the influence of prices
on production and
consumption decisions.
Goods & Services Tax (GST): It is a value - added tax that is imposed by the government
on the customers at the time of purchasing
goods & services for domestic
consumption.
Since that time, senior executives in the financial services industry and other financial monitors have also expressed worry about the impact of student debt
on household formation,
consumption of consumer durable
goods, and credit creation.
Noting the demographics, and slower developed market growth, an increasing emphasis
on domestic
consumption can be expected in emerging markets — luxury
goods will be an obvious (& probably unintended) beneficiary.
But I would say smaller population would consume less per capita, because
consumption is dependent
on the ability of large scale industries to generate
goods and services.
In the long run, much of the economic growth of developed economies is likely to involve less energy - intensive sectors because of demand - side factors such as 1) the amount of stuff people can physically manage is limited (even with rented storage space), 2) migration to areas where the weather is more moderate will continue, 3) increased urbanization and population density reduces energy
consumption per capita, 4) there is a lot of running room to decrease the energy
consumption of our electronic devices (e.g., switching to clockless microprocessors, not that I'm predicting that specific innovation), 5) telecommunication will substitute for transportation
on the margin, 6) cheaper and better data acquisition and processing will enable less wasteful routing and warehousing of material
goods, and 7) aging populations will eventually reduce the total amount (local plus distant) of travel per person per year.
CI - SCP serves as a global platform to support the provision of quality information
on goods and services, and it promotes the identification and implementation of the most effective strategies to engage consumers in sustainable
consumption.
Consumietici is run by Acea Onlus, Association of Ethical and Alternative Fuel
consumption, Public
Goods and Lifestyles, a voluntary association that focuses
on the protection of individual rights, the promotion of ethical
consumption and sustainable lifestyles, and solidarity, and the protection of common
goods for public welfare.
Minimalism is inherently a form of environmental activism... you choose to buy less overall with a focus
on purchasing quality, long - lasting
goods... when you refine your
consumption habits to support your pure needs and selected wants, you are, in a small but significant way, decreasing your demand for the manufacture of new items.
Our results imply that the incentives to switch to the cleaner technology depend
on the relative importance of fossil fuels in the production of
consumption goods after the switch.
Examples for the category «responsible production and
consumption» can include videos
on initiatives to reduce unnecessary
consumption, decrease emissions during the lifecycle of
goods, promote sustainable fashion, or encourage the sharing economy and reuse of
goods and materials.
It is the price that the poor and vulnerable must pay for the luxury of the upper classes — for daily meat
consumption, seasonless food, cheap energy, an overdose of material
goods, for car culture, for large houses, for buying everything
on a whim.
Meanwhile, energy
consumption has been
on the decline (though it rose for the first time in three months in February), along with the demand for Chinese
goods.
Under a
consumption - based accounting of emissions, embedded emissions
on imported
goods are attributed to the importing country, rather than the exporting, country.
Imposts and duties are taxes
on imports into the United States, while excises are «taxes
on the manufacture, sale, or
consumption of
goods, or upon licenses to pursue certain occupations, or upon corporate privileges -LSB-.]»
Prices for most
goods are based
on some measure of
consumption, such as water and electric meters, and scales used to weigh food.
The GST is imposed
on the value - added services and
goods at every stage of
consumption in the supply chain.
RYDER, Dunbar, WV (August 2014 — Present) Truck Driver • Coordinate with highway authorities and route coordinator to get route clearance and update
on weather conditions • Drive the truck
on assigned route daily, deliver
goods to the clients, issue bills and collect payment in cash and check • Schedule and conduct preventive maintenance periodically • Immediately report any fault found with the vehicle to the management • Keep track of vehicle mileage and fuel
consumption through regular logging • Maintain the truck in neat and clean condition
«Given the natural tendency to stop spending in uncertain and turbulent times — it happened during the Gulf War and helped to bring
on a recession — it's highly probable that consumers will pull back
consumption again, particularly of durable, big - ticket
goods like new home purchases,» said Robert Van Order, Freddie Mac's chief economist.
«The last time that
consumption of
goods fell negative
on a year - over-year basis was in 1961,» Mulvee says.