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A Test of Leser's Model of Household Consumption Expenditure in Malaysia and Singapore
This paper deals with the estimates of expenditure elasticities for various consumption items in Malaysia and Singapore based on Leser's model. The Household Budget Survey, 1973, Malaysia, and the Household Expenditure Survey, 1977/78, Singapore, are used as the data base. The aim of the study is to provide a basis for policy decisions with regard to domestic demand for consumption.
