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Sumner, Michael (2008) Corporate consumption: A Postscript. Manchester School, 76 (2). pp. 196-203. ISSN 1467-9957
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Official URL: http://dx.doi.org/10.1111/j.1467-9957.2007.01056.x
Abstract
Corporate retentions have a well-determined effect on consumers' expenditure, which cannot be explained by an impact of retentions on capital gains and thence on household wealth; on the contrary, increases in retentions are associated with subsequent capital losses. The timing of the relationship between retained profits and expenditure is consistent with direct corporate purchases of on-the-job consumption.
Item Type: | Article |
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Schools and Departments: | School of Business, Management and Economics > Economics |
Depositing User: | Michael Sumner |
Date Deposited: | 06 Feb 2012 20:01 |
Last Modified: | 04 Jul 2012 14:25 |
URI: | http://srodev.sussex.ac.uk/id/eprint/23593 |