Intertemporal substitution and durable goods: long-run data

In this paper, we use long-run annual data to estimate the intertemporal elasticity of substitution while accounting for the intra-temporal substitution between nondurable consumption goods and durable consumption goods. We apply a two-step procedure that combines a cointegration approach to preference parameter estimation with Generalized Method of Moments.

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Year of publication:	1998
Authors:	Reinhart, Carmen ; Ogaki, Masao

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Reinhart, Carmen and Ogaki, Masao (1998): Intertemporal substitution and durable goods: long-run data.
Classification:	E21 - Consumption; Saving
Source:	BASE

Persistent link: https://www.econbiz.de/10015215829