Determinants of Muslim household basic needs consumption expenditures

This paper focuses on current household expenditure in an environment characterised by a high cost of living and modernisation. In order to cope with the current economic situation, individual vary in their consumption levels and lifestyles. In this study, basic needs expenditure refers to four ma...

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Main Authors: Noorhaslinda Kulub Abd. Rashid, Aslina Nasir, Zuraini Anang, Roseliza Mat Alipiah, Rahmah Ismail, Sanep Ahmad, S. Shahida
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2018
Online Access:http://journalarticle.ukm.my/19642/
http://journalarticle.ukm.my/19642/1/jeko_521-23.pdf
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author Noorhaslinda Kulub Abd. Rashid,
Aslina Nasir,
Zuraini Anang,
Roseliza Mat Alipiah,
Rahmah Ismail,
Sanep Ahmad,
S. Shahida,
author_facet Noorhaslinda Kulub Abd. Rashid,
Aslina Nasir,
Zuraini Anang,
Roseliza Mat Alipiah,
Rahmah Ismail,
Sanep Ahmad,
S. Shahida,
author_sort Noorhaslinda Kulub Abd. Rashid,
building UKM Institutional Repository
collection Online Access
description This paper focuses on current household expenditure in an environment characterised by a high cost of living and modernisation. In order to cope with the current economic situation, individual vary in their consumption levels and lifestyles. In this study, basic needs expenditure refers to four main groups of household expenditure, namely food, housing, transportation and communication given that they make up a significant part of total household expenditure. Furthermore, the different budget constraints that vary with income and location, the different expenditure patterns reflect how people are surviving in the current economic climate. This paper identifies the factors contributing to basic needs consumption comprising food, housing, transportation and communication. The econometric analysis using Seemingly Unrelated Regression Estimation (SURE) shows that these expenditures are largely determined by the total monthly spouse income (Inc) and total borrowing (Bor) for all consumption expenditures. The results with interaction term also revealed no difference in the basic needs expenditure of urban and rural households in Selangor and Kelantan. Based on the findings, households should be educated on consumerism and financial management for effective financial planning.
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spelling oai:generic.eprints.org:196422022-09-08T08:08:37Z http://journalarticle.ukm.my/19642/ Determinants of Muslim household basic needs consumption expenditures Noorhaslinda Kulub Abd. Rashid, Aslina Nasir, Zuraini Anang, Roseliza Mat Alipiah, Rahmah Ismail, Sanep Ahmad, S. Shahida, This paper focuses on current household expenditure in an environment characterised by a high cost of living and modernisation. In order to cope with the current economic situation, individual vary in their consumption levels and lifestyles. In this study, basic needs expenditure refers to four main groups of household expenditure, namely food, housing, transportation and communication given that they make up a significant part of total household expenditure. Furthermore, the different budget constraints that vary with income and location, the different expenditure patterns reflect how people are surviving in the current economic climate. This paper identifies the factors contributing to basic needs consumption comprising food, housing, transportation and communication. The econometric analysis using Seemingly Unrelated Regression Estimation (SURE) shows that these expenditures are largely determined by the total monthly spouse income (Inc) and total borrowing (Bor) for all consumption expenditures. The results with interaction term also revealed no difference in the basic needs expenditure of urban and rural households in Selangor and Kelantan. Based on the findings, households should be educated on consumerism and financial management for effective financial planning. Penerbit Universiti Kebangsaan Malaysia 2018 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/19642/1/jeko_521-23.pdf Noorhaslinda Kulub Abd. Rashid, and Aslina Nasir, and Zuraini Anang, and Roseliza Mat Alipiah, and Rahmah Ismail, and Sanep Ahmad, and S. Shahida, (2018) Determinants of Muslim household basic needs consumption expenditures. Jurnal Ekonomi Malaysia, 52 (1). pp. 283-295. ISSN 0127-1962 https://www.ukm.my/jem/issue/v52i1/
spellingShingle Noorhaslinda Kulub Abd. Rashid,
Aslina Nasir,
Zuraini Anang,
Roseliza Mat Alipiah,
Rahmah Ismail,
Sanep Ahmad,
S. Shahida,
Determinants of Muslim household basic needs consumption expenditures
title Determinants of Muslim household basic needs consumption expenditures
title_full Determinants of Muslim household basic needs consumption expenditures
title_fullStr Determinants of Muslim household basic needs consumption expenditures
title_full_unstemmed Determinants of Muslim household basic needs consumption expenditures
title_short Determinants of Muslim household basic needs consumption expenditures
title_sort determinants of muslim household basic needs consumption expenditures
url http://journalarticle.ukm.my/19642/
http://journalarticle.ukm.my/19642/
http://journalarticle.ukm.my/19642/1/jeko_521-23.pdf