The Permanent Income Hypothesis (PIH) has an inter-temporal optimization model of consumer behavior, which is currently the most coherent and logically consistent model, despite its straightforward, intuitive appeal. This makes the empirical analysis of consumption expenditure among households under the PIH advocacy remain to be a subject of interest. By employing a narrative review and bibliometric analysis, the main objective of this research is to examine the household consumption function under PIH. This paper will be focused on systematically documenting the intellectual structure, volume, tendencies of knowledge development, the author, and source impact. Literature is obtained and compiled from the Scopus database and analyzed using the R Studio. The bibliometric study using R identifies the subject's most influential journals, authors, and papers. The findings from the bibliometric analysis and narrative review will identify the research trends by gaining insights into the structure and dynamics of scientific knowledge. In addition, the bibliometric review can reveal the evolution of research themes and allow a comparative analysis approach to be used to examine studies across different countries. Lastly, this study will forecast future research directions based on the past literature examined, anticipating the shifts in research focus and opening up new avenues of study extension with established contributions.

Authors:
Sing Yun Wong, Universiti Malaysia Sabah, Malaysia

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Posted by Clive Staples Lewis

Last updated: 2023-02-23 23:45:00

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