A measure of the percentage by which banking system credit increases when GDP rises by one percent. – Experience shows that the income elasticity of credits in industrialized countries has been greater than one in recent decades. The financial system – or at least part of it – thus swings more strongly than the economy. – See cyclicality.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/
Passende Formel
Einkommenselastizität der Nachfrage
Die Nachfragereaktion auf Einkommensänderungen messen.
Variablen: Q Nachfragemenge; Y Einkommen.
Anwendung: Zur Einordnung normaler, inferiorer und superiorer Güter.