Document Details

Document Type : Article In Journal 
Document Title :
An Econometric Study of Islamic Shari'ah (Law) Rules and the Consumption Function in Contemporary Muslim Countries
أحكام الشريعة ودالة الاستهلاك في الدول الإسلامية المعاصرة : دراسة قياسية
 
Subject : Articles  
Document Language : Arabic 
Abstract : What would be the direction of change of aggregate consumption in contemporary Muslim countries if income redistribution schemes that are called for by Islamic shari'ah (law) are implemented? The present paper answers that question by fitting several types of aggregate consumption functions to each of 30 Muslim countries data. The best fitting function in each case is then used to assess the likely impact of Islamic redistribution. The types of functions estimated for each country reflect: the absolute, the relative, and the permanent income hypotheses as well as the life-cycle and other hypotheses. None of these common hypotheses fits very well the data of these countries. We have therefore introduced a new variant of the absoluteincome hypothesis which we called: 'Consumption Acceleration Hypothesis', and which was found to provide a better fit for the data. 
ISSN : 1018-7383 
Journal Name : Islamic Economics Journal 
Volume : 1 
Issue Number : 1 
Publishing Year : 1409 AH
1989 AD 
Number Of Pages : 38 
Article Type : Article 
Added Date : Sunday, October 11, 2009 

Researchers

Researcher Name (Arabic)Researcher Name (English)Researcher TypeDr GradeEmail
مختار محمد متوليMUKHTAR M. METWALLYResearcher  

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