Estimating the Effects of Wealth, Interests Rates, and Unemployment on Private Consumption in Sweden
Language: English
Published by LAP LAMBERT Academic Publishing Feb 2022, 2022
- Softcover
- New
Seller: BuchWeltWeit Ludwig Meier e.K., Bergisch Gladbach, GermanyBuchWeltWeit Ludwig Meier e.K.
AbeBooks seller since January 11, 2012
Condition: New
£ 38.75
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This item is printed on demand - it takes 3-4 days longer - Neuware -An aggregated consumption function based on the life cycle hypothesis using the error correction methodology is estimated for Sweden. Wealth in its dis-aggregated form is incorporated in the consumption function, along with basic standard explanatory variables including the unemployment variable. Applying Hendry's general to specific modelling strategy one final model is deduced. The tests of integration and co-integration indicate that the variables are both integrated and co-integrated. A spectrum of tests is applied to the final model. The final model captures the development of consumption well, without making use of neither a tax reform dummy, or a household debt variable. The tests of model adequacy indicate that the consumption function is stable and robust. The function is evaluated both from the forecasting and the theoretical point of view, and satisfies the unit elasticity assumption. Comparative statics and dynamic simulations are carried out in order to illustrate the steady state properties of the cunsumption function. Models without the wealth variable did not take on an error correction interpretation. 80 pp. Englisch.…
Seller Inventory # 9786204746241
- Title
- Estimating the Effects of Wealth, Interests Rates, and Unemployment on Private Consumption in Sweden
- Author
- Bharat Barot
- Publisher
- LAP LAMBERT Academic Publishing Feb 2022
- Publication year
- 2022
- Condition
- Neu
- Binding
- Taschenbuch
- Language
- English
- ISBN 10
- 6204746243
- ISBN 13
- 9786204746241
- Item weight
- 137 grams
- Dimensions
- 220x150x5 mm
"Synopsis" may belong to another edition of this title.
BuchWeltWeit Ludwig Meier e.K.
Bergisch Gladbach, Germany
AbeBooks seller since January 11, 2012
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