Welfare implication of determinants affecting aggregate consumption expenditures in Rwanda

• X-M: Export minus Import
  
• ABSTRACT:
  
  • 2.Significance of the study
    
  • 3.Scope and period of the study
    
  • 4.Problem statement
    
  • 5.Hypothesis
    
  • 6.Objectives of the study
    
  • 6.2Specific objectives
    
  • 7.1Techniques
    
  • 7.1.a. Documentary technique
    
  • 7.1.b. Interview technique
    
  • 7.2 Methods
    
  • 7.2.a. Statistical method
    
  • 7.2.b. Analytical method
    
  • 7.2.c Historical method
    
  • 7.2.d Comparative method
    
  • 7.2.e. Econometric method
    
  • 8. Organization of the study
    
  • 1.5.1. Causes of inflation
    
  • 1.5.1. b Demand-Pull Inflation (On the demand side)
    
  • 1.5.2 Keynesian inflation theory
    
  • 2.1. Evolution of gross consumption expenditure in Rwanda 1995-2015
    
• INTRODUCTION
  
  • 3.1 Model specification
    
  • 3.1.1 Hypothesis of the model
    
  • 3.1.2. Expected signs
    
  • 3.1.3 Test and analysis of the data
    
  • 3.2. Data processing
    
  • 3.2.1. Unit root tests
    
  • 3.3 Estimation of long run model 3.3.1 Co-integration test
    
  • 3.3.2 Interpretation of Johansen Co-integration test output
    
  • 3.3.3 Long run output
    
  • 3.3.3.1 Interpretation of the long run Model
    
  • 3.3.4. Vector Auto-regression Estimates (Short run relationship) The system equation for the short run is:
    
  • 3.3.4.1. Interpretation of the short run equation and the coefficients of probabilities
    
  • 3.4 Diagnostic tests
    
  • 3.4.1 Jarque-bera test (Normality test)
    
  • 3.4.2 Breusch-Godfrey test (Serial correlation LM test) The E-views 8 estimation output is the following:
    
  • 3.4.3 Heteroscedasticity Test (Breusch Pagan Godfrey)
    
  • 3.5 Stability tests
    
  • 3.5.1 Ramsey reset test
    
  • 3.5.2 Recursive estimates (OLS only): Cusum test