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The treatment of seasonality in error correction models as unobserved component: a case study for an Austrian consumption function
Wüger, Michael; Thury, Gerhard - In: Empirical Economics 26 (2001) 2, pp. 325-341
This paper deals with an alternative approach to treating seasonality in error correction models for consumption with a parsimonious parameterization as proposed by Harvey and Scott. We introduce an unobserved seasonal component into an error correction model for Austrian consumer expenditures...
Persistent link: https://www.econbiz.de/10005382296
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Convergence of Consumption Patterns During Macroeconomic Transition: A Model of Demand in Ireland and the OECD
Lyons, Seán; Mayor, Karen; Tol, Richard S.J. - Economic and Social Research Institute (ESRI) - 2007
This study uses country-level panel data on consumption in Ireland and seven other OECD countries to examine the evolution of Irish consumption patterns as Ireland underwent rapid macroeconomic growth. Consumption levels obviously increased due to substantially higher incomes, but it is less...
Persistent link: https://www.econbiz.de/10005038363
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Determinants of Expenditure in Automobile Maintenance: Some Evidence from Greece
Bitros, George C. - EconWPA - 2004
This paper derives a model of maintenance expenditures from an analytical framework in which maintenance, utilization and service life are appropriately integrated and estimates it with the help of automobile data from Greece. On the theoretical plain it is shown that the model allows...
Persistent link: https://www.econbiz.de/10005412641
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Under-Savers Anonymous: Evidence on Self-Help Groups and Peer Pressure as a Savings Commitment Device
Meier, Stephan; Kast, Felipe; Pomeranz, Dina - National Bureau of Economic Research (NBER) - 2012
We test the effectiveness of self-help peer groups as a commitment device for precautionary savings, through two … powerful tool to increase savings (the number of deposits grows 3.5-fold and the average savings balance almost doubles …
Persistent link: https://www.econbiz.de/10010821682
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CONVERGENCE OF CONSUMPTION PATTERNS DURING MACROECONOMIC TRANSITION: A MODEL OF DEMAND IN IRELAND AND THE OECD
Lyons, Sean; Mayor, Karen; Tol, Richard S.J. - Forschungsstelle Nachhaltige Umweltentwicklung (ZMK), … - 2007
This study uses country-level panel data on consumption in Ireland and seven other OECD countries to examine the evolution of Irish consumption patterns as Ireland underwent rapid macroeconomic growth. Consumption levels obviously increased due to substantially higher incomes, but it is less...
Persistent link: https://www.econbiz.de/10005634609
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Liquidity Constraint and Household Portfolio in Japan
KASUGA, Norihiro; Matsuura, Katsumi - EconWPA - 2005
whether or not liquidity constraint decreases the amount of a householdfs risky assets. To investigate this, we first … empirically examine which types of household suffer from liquidity constraint. Then, based on the probability obtained from this … relationship between liquidity constraint and household portfolio. Our results show that the more households suffer from liquidity …
Persistent link: https://www.econbiz.de/10005118884
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Consumer Attitudes, Uncertainty, and Consumer Spending
Côté, Denise; Johnson, Marianne - Bank of Canada - 1998
This study examines the link between consumer expenditures and the Conference Board's Index of Consumer Attitudes, an index highly regarded for some time as a useful leading indicator of consumer expenditures. However, the theory that identifies why it may be useful in an analysis of consumption...
Persistent link: https://www.econbiz.de/10005673257
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WORLD DEVELOPMENT, 2000-2010: PRODUCTION, INVESTMENT AND SAVINGS IN 21 AREAS OF AMERICA, AFRICA, ASIA-PACIFIC, EUROPE AND EURASIA
GUISAN, Maria-Carmen - In: Regional and Sectoral Economic Studies 14 (2014) 2
countries. We analyze the evolution of investment and savings in 132 countries of America, Africa, Asia-Pacific, Europe and …
Persistent link: https://www.econbiz.de/10011255233
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When Does Domestic Saving Matter for Economic Growth?
Aghion, Philippe; Comin, Diego; Howitt, Peter - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2006
innovation project, so local saving does not matter for growth. In our empirical exploration we show that lagged savings is … rather than through capital accumulation. Further, we show that savings is significantly associated with higher levels of FDI …
Persistent link: https://www.econbiz.de/10005292804
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Optimal Unemployment Insurance in an Estimated Job Search Model with Savings
Lentz, Rasmus - In: Review of Economic Dynamics 12 (2009) 1, pp. 37-57
The paper estimates a job search model with savings on Danish microdata that include observations on wealth and wages …
Persistent link: https://www.econbiz.de/10005085589