Liao, Shu-Yi; Huang, Mao-Lung; Wang, Lan-Hsun - In: Economics Bulletin 31 (2011) 1, pp. 679-686
This paper examines the existence of the mean-reverting behavior of the consumption-income ratio from a panel of 24 OECD countries through the application of the series-specific SURADF panel unit root test. The results show that the consumption-income ratios in 22 OECD countries exhibit...
