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in China and the USA, in particular, the role of national patterns of savings, investment and consumption (both private … macroeconomic policy categories, especially the overall pattern of savings (household, firm and government), investment and … of the USA encourages consumption and a low rate of savings. The opposite is true of China where household income is low …
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This paper elucidates the influence of stock market volatility on U.S. consumption using pooled mean group (PMG) estimation of 46 states over the period from 1998 to 2017. The findings confirm that the PMG estimates of the effect of stock market volatility on consumption are robust to the lag...
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Using a panel cointegration approach, this study examines the relationship between aggregate consumption and GDP in colonial Malaya (1900–39) and post-independence Malaysia (1970–2009). The findings suggest that private consumption and GDP are cointegrated across the two forty-year periods,...
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