Universal Asset Preferences: An Empirical Study on Durable Preferences for Households Throughout the Developing World

Simple item page
dc.contributor.advisorSmits, J.P.J.M.
dc.contributor.authorGremmen, Jordi
dc.date.issued2021-07-21
dc.description.abstractResearch indicates a universal preference for durable goods to be present within a variety of countries. Nevertheless, the universality of preferences for durable goods throughout the developing world remains a poorly studied and understood subject. We study the universality and the rationality of durable preferences for households throughout the developing world. We use logistic regression analyses to estimate ownership probabilities for a selection of four durables, which we utilize to construct patterns of durable acquisition for average households. Results indicate that household preferences for durable goods are neither universal, nor rational throughout the countries of the developing world. Yet, preferences for durable goods likely are universal within specific regions, such as Sub-Saharan Africa. Nevertheless, differences in access to electricity, the relative household position of women, urban or rural residence, complementarities and a set of country-specific factors yield varying – and irrational – patterns of durable acquisition and preferences among households throughout the developing world. Our findings indicate that when designing developmental policies for the developing world it is of importance to account for the differences in durable preferences among households. Moreover, in order to guarantee efficient patterns of development, policy makers should eradicate irrational tendencies in the acquisition of durables by households.en_US
dc.identifier.urihttps://theses.ubn.ru.nl/handle/123456789/11126
dc.language.isoenen_US
dc.thesis.facultyFaculteit der Managementwetenschappenen_US
dc.thesis.specialisationInternational Economics & Developmenten_US
dc.thesis.studyprogrammeMaster Economicsen_US
dc.thesis.typeMasteren_US
dc.titleUniversal Asset Preferences: An Empirical Study on Durable Preferences for Households Throughout the Developing Worlden_US
Files
Original bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
MTHEC RU Antonius A. (Jordi) Gremmen s1005958 - Master's Thesis.pdf
Size:
772.64 KB
Format:
Adobe Portable Document Format
Download
Collections
Faculteit der Managementwetenschappen