HOUSEHOLD CONSUMPTION PATTERN IN AL-AIN, UAE
Mar 05, 2015
DOI:
Published in: Global Business & Economics Anthology, March 2015, Volume 1, pp 80-91
What is the consumption pattern of a typical household in Al-Ain, UAE? To answer the question, a template of a household budget is developed through discussion. It is found that households spent 22% of their total expenditures on housing, 16% on non-durable goods, 15% on education, and 10% on recreation. The remittance reached 6% of household income, and saving was 17%. Households received loans equal to 6.6% of income. A simple linear consumption function is estimated. The marginal propensity to consume equals 0.67. We concluded that there is a high degree of consumerism and social solidarity in Al-Ain society. Al-Jundi, S., & Ahmed, R. (2015). Household Consumption Pattern in Al-Ain, UAE. Global Business & Economics Anthology, 1, 80-91.