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Analysis of household consumption function based on permanent income hypothesis in Sabah, Malaysia: a conceptual framework

In the past, Sabah has often been reported as Malaysia’s poorest state, with the recorded highest incidence of absolute poverty among all the other states. The consumption patterns of households in Sabah have been significantly impacted by such circumstances. This further draws light on the adverse...

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Main Authors: Yun, Wong Sing, Samsu, Sit Hajar, Yassin, Jain, Taasim, Shairil Izwan, Pinjaman, Saizal, Madli, Faerozh
Format: Article
Published: EnPress 2024
Online Access:http://psasir.upm.edu.my/id/eprint/105734/
https://systems.enpress-publisher.com/index.php/jipd/article/view/2260
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spelling my.upm.eprints.1057342024-05-30T07:27:59Z http://psasir.upm.edu.my/id/eprint/105734/ Analysis of household consumption function based on permanent income hypothesis in Sabah, Malaysia: a conceptual framework Yun, Wong Sing Samsu, Sit Hajar Yassin, Jain Taasim, Shairil Izwan Pinjaman, Saizal Madli, Faerozh In the past, Sabah has often been reported as Malaysia’s poorest state, with the recorded highest incidence of absolute poverty among all the other states. The consumption patterns of households in Sabah have been significantly impacted by such circumstances. This further draws light on the adverse impact on the broader economy, as low levels of spending may restrict demand for products and services, stifling economic growth. The understanding of households’ consumption functions based on the Permanent Income Hypothesis (PIH) will advance knowledge in identifying the key factors that influence the households’ spending decisions. Pointing out the scant number of past studies done within this very context, and focusing on the Sabah state in particular, further motivated this study, this paper aims to develop a conceptual framework that can estimate and examine the households’ consumption functions in Sabah. As such, the methodology of drawing upon narrative reviews from research in the past will be used in this paper to develop the conceptual framework. The result of this study built upon the framework developed will help in identifying the factors that explain the households’ consumption patterns, in particular, whether the function estimated will be consistent with the Permanent Income Hypothesis (PIH). It is hoped that the conceptual framework built will aid in providing valuable empirical insight for policymakers in designing effective policies that can uplift households that are living in poverty. hu EnPress 2024 Article PeerReviewed Yun, Wong Sing and Samsu, Sit Hajar and Yassin, Jain and Taasim, Shairil Izwan and Pinjaman, Saizal and Madli, Faerozh (2024) Analysis of household consumption function based on permanent income hypothesis in Sabah, Malaysia: a conceptual framework. Journal of Infrastructure, Policy and Development, 8 (2). art. no. 2260. pp. 1-11. ISSN 25727923; ESSN: 25727931 https://systems.enpress-publisher.com/index.php/jipd/article/view/2260 10.24294/jipd.v8i2.2260
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
description In the past, Sabah has often been reported as Malaysia’s poorest state, with the recorded highest incidence of absolute poverty among all the other states. The consumption patterns of households in Sabah have been significantly impacted by such circumstances. This further draws light on the adverse impact on the broader economy, as low levels of spending may restrict demand for products and services, stifling economic growth. The understanding of households’ consumption functions based on the Permanent Income Hypothesis (PIH) will advance knowledge in identifying the key factors that influence the households’ spending decisions. Pointing out the scant number of past studies done within this very context, and focusing on the Sabah state in particular, further motivated this study, this paper aims to develop a conceptual framework that can estimate and examine the households’ consumption functions in Sabah. As such, the methodology of drawing upon narrative reviews from research in the past will be used in this paper to develop the conceptual framework. The result of this study built upon the framework developed will help in identifying the factors that explain the households’ consumption patterns, in particular, whether the function estimated will be consistent with the Permanent Income Hypothesis (PIH). It is hoped that the conceptual framework built will aid in providing valuable empirical insight for policymakers in designing effective policies that can uplift households that are living in poverty. hu
format Article
author Yun, Wong Sing
Samsu, Sit Hajar
Yassin, Jain
Taasim, Shairil Izwan
Pinjaman, Saizal
Madli, Faerozh
spellingShingle Yun, Wong Sing
Samsu, Sit Hajar
Yassin, Jain
Taasim, Shairil Izwan
Pinjaman, Saizal
Madli, Faerozh
Analysis of household consumption function based on permanent income hypothesis in Sabah, Malaysia: a conceptual framework
author_facet Yun, Wong Sing
Samsu, Sit Hajar
Yassin, Jain
Taasim, Shairil Izwan
Pinjaman, Saizal
Madli, Faerozh
author_sort Yun, Wong Sing
title Analysis of household consumption function based on permanent income hypothesis in Sabah, Malaysia: a conceptual framework
title_short Analysis of household consumption function based on permanent income hypothesis in Sabah, Malaysia: a conceptual framework
title_full Analysis of household consumption function based on permanent income hypothesis in Sabah, Malaysia: a conceptual framework
title_fullStr Analysis of household consumption function based on permanent income hypothesis in Sabah, Malaysia: a conceptual framework
title_full_unstemmed Analysis of household consumption function based on permanent income hypothesis in Sabah, Malaysia: a conceptual framework
title_sort analysis of household consumption function based on permanent income hypothesis in sabah, malaysia: a conceptual framework
publisher EnPress
publishDate 2024
url http://psasir.upm.edu.my/id/eprint/105734/
https://systems.enpress-publisher.com/index.php/jipd/article/view/2260
_version_ 1800721423072755712
score 13.211869

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