Durkin, Thomas A.; Ord, Keith; Walker, David A. - In: Journal of Economics and Business 62 (2010) 5, pp. 383-400
The paper explores the long-term income elasticity of consumer and mortgage credit growth since World War II. It also examines other economic factors, to determine whether recent credit use is anomalous. Two-stage least squares show consumer credit income elasticity to be slightly below 1.0,...