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Permanent Income Hypothesis, Myopia and Liquidity Constraints: A Case Study of Pakistan
Khan, Khalid; Yousaf, Hazrat; Abbas, Muhammed Ghazanfar; … - In: Asian Economic and Financial Review 2 (2012) 1, pp. 155-162
This paper is an attempt to test the Permanent Income Hypothesis (PIH), Myopia and Liquidity Constraints as a case study for Pakistan. The paper also attempts to find out valid reasoning incase the PIH is rejected.  Hall’s random walk model (1978) and Campbell and Mankiw model (1990) are used...
Persistent link: https://www.econbiz.de/10009654281
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The Testing of Hall‘s Permanent Income Hypothesis: A Case Study of Pakistan
Khan, Khalid; Che, Manzoor H Memon - In: Asian Economic and Financial Review 2 (2012) 4, pp. 518-522
The objective of this study is to test the Hall’s permanent income hypothesis for Pakistan using annual data from 1992 to 2010. The basic model of permanent income hypothesis (PIH) showed the validity of absolute income hypothesis (AIH) while the Campbell and Mankiw (1990) consumption model...
Persistent link: https://www.econbiz.de/10010604463
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THE TESTING OF HALL\\\'S PERMANENT INCOME HYPOTHESIS: A CASE STUDY OF PAKISTAN
Khan, Khalid; Che, Manzoor H Memon - In: Asian Economic and Financial Review 2 (2012) 4, pp. 445-449
The objective of this study is to test the Hall’s permanent income hypothesis for Pakistan using annual data from 1992 to 2010. The basic model of permanent income hypothesis (PIH) showed the validity of absolute income hypothesis (AIH) while the Campbell and Mankiw (1990) consumption model...
Persistent link: https://www.econbiz.de/10010567111