Alternate Models of Consumption Behaviour. A Cross-National Analysis: The US, UK and Israel, 1953-1970

In this paper, we consider three major hypotheses of aggregate nondurable consumption behaviour in cross-national perspective and compare their explanatory ability and forecasting performance over the period 1953-1970. It is recognized, at the outset, that much work on the<< consumptior function? has been done; perhaps the field has even been overstudied. We feel, however, that the cross-national framework within which we intend to operate and the application of alternate behavioural models in this regard does present