کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5060703 1371809 2012 4 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The stationarity of consumption-income ratios: Evidence from bootstrapping confidence intervals
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
The stationarity of consumption-income ratios: Evidence from bootstrapping confidence intervals
چکیده انگلیسی

We study the stationarity of consumption-income ratio (APC) in OECD countries. To that end, we use three different bootstrapping techniques to construct the 90% confidence intervals. The results show that the APC is non-stationary in most of the countries.

► We study the stationarity of consumption-income ratio (APC) in OECD countries. ► We construct confidence intervals (CI) for the sum of the autoregressive coefficients. ► The CIs are robust to the presence of a unit root or a root close to unity. ► We also use different unit root tests. ► Results show that most of the APCs in these countries are not stationary.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economics Letters - Volume 115, Issue 1, April 2012, Pages 137-140
نویسندگان
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