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Australian Consumption Expenditure and Real Income: 1900 to 2003–2004 *
Author(s) -
HAIG BRYAN,
ANDERSSEN JENNIFER
Publication year - 2007
Publication title -
economic record
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.365
H-Index - 42
eISSN - 1475-4932
pISSN - 0013-0249
DOI - 10.1111/j.1475-4932.2007.00431.x
Subject(s) - per capita , consumption (sociology) , economics , econometrics , data series , series (stratigraphy) , aggregate expenditure , consumer expenditure , demographic economics , public economics , demography , sociology , biology , paleontology , social science , population
This paper provides new data of personal consumption expenditure at current and constant prices from 1900 to 1938–1939. The series is linked in with the official estimates, available from 1948–1949, to provide a broadly consistent series of estimates of consumers’ expenditure from Federation, based on new series of data. We comment on the differences in estimates often used to compare trends in real incomes, and attribute the differences as being mainly due to limitations of official data. We use the present results to describe the changes in the pattern of expenditure by main functional groupings, and compare the changes in real per capita expenditure in Australia with that in the UK and USA since the end of the nineteenth century.