Consumer confidence and economic activity: a factor augmented VAR approach

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dc.contributor.authorKılıç, Erdem
dc.contributor.authorÇankaya, Serkan
dc.date.accessioned2020-11-21T15:51:42Z
dc.date.available2020-11-21T15:51:42Z
dc.date.issued2016en_US
dc.departmentİstanbul Ticaret Üniversitesien_US
dc.description.abstractThis study aims to analyse the effects of the consumer confidence on economic activity for the US market. We use the empirical factor-augmented vector autoregression (FAVAR) method, which enables us to incorporate a wide range of economic activity factors into the analysis. The consumer confidence index (CCI) is chosen as the principal variable that is presumed to represent the degree of optimism on the state of economic activity. The results show that consumer confidence and economic activity are strongly correlated for manufacturing-related factors, such as industrial production and inventories. We also observe strong relation among CCI and personal consumption expenditures, as well as housing market variables. © 2016 Taylor & Francis.en_US
dc.identifier.doi10.1080/00036846.2015.1133902en_US
dc.identifier.endpage3080en_US
dc.identifier.issn0003-6846
dc.identifier.issue32en_US
dc.identifier.scopus2-s2.0-84958520846en_US
dc.identifier.scopusqualityQ2en_US
dc.identifier.startpage3062en_US
dc.identifier.urihttps://doi.org/10.1080/00036846.2015.1133902
dc.identifier.urihttps://hdl.handle.net/11467/3496
dc.identifier.volume48en_US
dc.identifier.wosWOS:000373989600007en_US
dc.identifier.wosqualityQ3en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherRoutledgeen_US
dc.relation.ispartofApplied Economicsen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectConsumer confidence indexen_US
dc.subjecteconomic activityen_US
dc.subjectfactor-augmented vector autoregressive modelen_US
dc.subjectpsychological factorsen_US
dc.titleConsumer confidence and economic activity: a factor augmented VAR approachen_US
dc.typeArticleen_US

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