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Multicointegration in Us Consumption Data

Siliverstovs, Boriss - 2002

The present paper tests for the existence of multicointegration between real per capita private consumption expenditure … income and consumption expenditure on the one hand, and the stock of consumers' wealth, which can be considered as cumulative …

Persistent link: https://www.econbiz.de/10014124408

US inflation and consumption: A long-term perspective with a level shift

Paradiso, Antonio; Casadio, Paolo; Rao, B. Bhaskara - In: Economic Modelling 29 (2012) 5, pp. 1837-1849

This article examines the existence and stability of the consumption function in the United States of America (US … analysis of the life-cycle of the consumption function with wealth effects: 1) a shift level break in the cointegrating … more stable for the critical sub-samples than traditional consumption function models. …

Persistent link: https://www.econbiz.de/10010597501

On the causality between saving and growth : long- and short-run dynamics and country heterogeneity

Andersson, Björn - 1999

The temporal interdependence between saving and output has been in focus in a number of recent empirical studies. Results from these studies have compelled some authors to question the traditional notion of a causal chain where saving leads growth through capital accumulation. This paper...

Persistent link: https://www.econbiz.de/10011587110

The causes of Japan's 'lost decade': The role of household consumption

Horioka, Charles Yuji - 2006

stagnation of household consumption during the 1990s and find that the stagnation of household disposable income, the decline in …

Persistent link: https://www.econbiz.de/10010332277

Does the selfish life-cycle model apply in the case of Japan?

Horioka, Charles - 2020

In this paper, we first provide a brief exposition of the simplest version of the selfish life cycle model or hypothesis, which is undoubtedly the most widely used theoretical model of household behavior in economics, and then survey the literature on household saving behavior in Japan (with...

Persistent link: https://www.econbiz.de/10012430036

Is the selfish life-cycle model more applicable in Japan and, if so, why? A literature survey

Horioka, Charles - 2020

The selfish life-cycle model or hypothesis is, together with the dynasty or altruism model, the most widely used theoretical model of household behavior in economics, but does this model apply in the case of a country like Japan, which is said to have closer family ties than other countries? In...

Persistent link: https://www.econbiz.de/10012543994

Does the selfish life-cycle model apply in the case of Japan?

Horioka, Charles - 2020

Persistent link: https://www.econbiz.de/10012195738

The surprisingly low importance of income uncertainty for precaution

Fulford, Scott Lansing - Department of Economics, Boston College - 2014

While it is common to use income uncertainty to explain household saving decisions, there is much disagreement about the importance of precautionary saving. This paper suggests that income uncertainty is not an important motive for saving, although households do have other precautionary reasons...

Persistent link: https://www.econbiz.de/10010940955

Household Saving in Chile (1988 and 1997): Testing the Life Cycle Hypothesis

Butelmann, Andrea; Gallego, Francisco - In: Latin American Journal of Economics-formerly Cuadernos … 38 (2001) 113, pp. 3-48

Saving behavior at the household level in Chile has not been analyzed in recent decades. Based on 1988 and 1996-1997 Chilean microeconomic evidence (Household Budget Survey), this article studies household saving behavior. The analysis is extended to incl

Persistent link: https://www.econbiz.de/10005212184

Causality between bank's major activities and economic growth: evidences from Pakistan

Mushtaq, Saba - In: Financial innovation : FIN 2 (2016) 7, pp. 1-11

of this study is to investigate the direction of this relationship. Methods: Johansen test of Co-integration and Granger …

Persistent link: https://www.econbiz.de/10011542400