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Heterogeneity in regional consumption due to current income shocks : testing the permanent income hypothesis for German panel data
Mitze, Timo - 2010 - First incomplete version: February 2010
of a dynamic panel data model for German states between 1970 and 2006. Our preferred specification relates changes in …-run perspective in a co-integration model. Here we specify a Panel-ECM and look at its short run adjustment to judge about the share … smoothening characteristics of income transfers to the East. As a robustness check we also apply the Panel-ECM with spatially …
Persistent link: https://www.econbiz.de/10011575929
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Strom- und Bestandsgrößen in der Ökonomik : die Verknüpfung am Beispiel der Konsumfunktion
Klinger, Sabine - 2005
Das Konsumverhalten privater Haushalte hat in der wirtschaftswissenschaftlichen Literatur seit Jahrzehnten einen hohen Stellenwert. Überwiegend dienten Stromgrößen wie das Faktoreinkommen oder der Konsum der Vorperiode als erklärende Variablen. Auf empirischer Ebene kollidiert eine solche...
Persistent link: https://www.econbiz.de/10003143127
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Consumption, wealth and business cycles in Germany
Hamburg, Britta; Hoffmann, Mathias; Keller, Joachim - 2005
This paper studies the long-run relationship between consumption, asset wealth and income in Germany, based on data from 1980 to 2003. While earlier studies – mostly for the Anglo- Saxon economies – have generally documented that departures of these three variables from their common trend...
Persistent link: https://www.econbiz.de/10010261168
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Consumption, wealth and business cycles: why is Germany different?
Hamburg, Britta; Hoffmann, Mathias; Keller, Joachim - 2005
This paper studies the long-run relationship between consumption, asset wealth and income - the consumption-wealth ratio - in Germany, based on data from 1980 to 2003. Earlier papers for the Anglo-Saxon economies have documented that departures of these three variables from their common trend...
Persistent link: https://www.econbiz.de/10010295684
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Consumption, Wealth and Business Cycles : Why is Germany Different?
Hamburg, Britta - 2016
Persistent link: https://www.econbiz.de/10012991319
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International Migration to Germany : Estimation of a Time-Series Model and Inference in Panel Cointegration.
Trübswetter, Parvati; Siliverstovs, Boriss; Brücker, … - 2003
univariate Augmented Dickey-Fuller test as well as its panel data version, developed in Im, Pesaran, and Shin (2003), to test for … null of no cointegration can be decisively rejected by applying the panel cointegration test of Pedroni (1999). The …
Persistent link: https://www.econbiz.de/10010260713
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International migration to Germany : estimation of a time-series model and inference in panel cointegration.
Brücker, Herbert; Siliverstovs, Boriss; Trübswetter, … - 2003
univariate Augmented Dickey-Fuller test as well as its panel data version, developed in Im, Pesaran, and Shin (2003), to test for … null of no cointegration can be decisively rejected by applying the panel cointegration test of Pedroni (1999). The …
Persistent link: https://www.econbiz.de/10011439458
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(Non-)Keynesian effects of fiscal austerity : new evidence from a large sample
Afonso, António; Alves, José; Huart, Florence - 2021
We empirically assess whether a usually expected negative response of private consumption and private investment to a fiscal consolidation is reversed. We focus on a large sample of 174 countries between 1970 and 2018. We also employ three alternative measures of the Cyclically Adjusted Primary...
Persistent link: https://www.econbiz.de/10012504460
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Distribution, wealth and demand regimes in historical perspective : USA, UK, France and Germany, 1855-2010
Stockhammer, Engelbert; Rabinovich, Joel; Reddy, Niall - 2018
Most empirical macroeconomic research limited to the period since World War II. This paper analyses the effects of changes in income distribution and in private wealth on consumption and investment covering a period from as early as 1855 until 2010 for the UK, France, Germany and USA, based on...
Persistent link: https://www.econbiz.de/10011924602
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Austerity Measures Impact on Entrepreneurship, Employment as Well as Income Distribution : A Panel Data Analysis in EU
Georgiou, Miltiades N. - 2012
In the present paper a discussion will be made about the crucial topic of fostering entrepreneurship as the cornerstone of capitalism (by avoiding too hard austerity measures and helping instead entrepreneurship in various ways) so as to make corporations profitable and ultimately create jobs,...
Persistent link: https://www.econbiz.de/10013096766