Approximate series solutions of a one-factor term structure model for bond pricing
Küçük Resim Yok
Tarih
2022
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
World Scientific
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
Household consumption and the variables driving it have garnered extensive attention in economic literature. GDP per capita, gross savings, and inflation are among the macroeconomic variables typically considered to affect household spending. The paper examines the effect of these macroeconomic variables on household consumption using the ARDL model. The yearly aggregate data utilized in this analysis spans the period from 1983 to 2018. The paper found a long-run negative relation between household final consumption expenditure and gross domestic saving in the long run. The study showed positive and significant long-run relationships between GDP per capita and household consumption and a significant and negative relationship between savings and household consumption both in the short and long runs.
Açıklama
Anahtar Kelimeler
Household consumptioninflationsavingsGDP per capitamarginal propensity to consumeARDL
Kaynak
Annals of Financial Economics
WoS Q Değeri
N/A
Scopus Q Değeri
N/A
