This study uses Cointegration and an Error Correction Model to investigate the responsiveness of household consumption … to changes in income in Sierra Leone covering the periods 1980 to 2020. The study relies on annual time series data on …, consumption depends entirely on income. The results show that in the short-run, 85 percent of additional income goes toward …

This paper examines the relationship between inflation and real income in Australia, Canada, Finland, New Zealand …, Spain, Sweden and the UK which have adopted a "formal" policy of low or zero inflation target. Using cointegration analysis … and a vector error correction model (VECM), it is found that the long-run relationship between inflation and real income …

Vietnam IN the period from 1980 to 2010 based on Environmental Kuznets Curve (EKC) approach, cointegration, and Granger … causality tests. The empirical results do not support the EKC theory in Vietnam. However, the cointegration and Granger … short run bidirectional relationship between Vietnam’s income and FDI inflows implies that the increase in Vietnam’s income …

log consumption, assets, and labour income will be cointegrated. They conclude that this cointegrating relationship is … that we cannot reject the hypothesis that cointegration is absent from the data once we employ measures of consumption …, assets, and labor income that are jointly consistent with an underlying budget constraint. By contrast, Lettau and Ludvigson …

This article examines the causal relationship between human capital and real income using data for China from 1960 to … 1999. In the long run there is unidirectional Granger causality running from human capital to real income, while in the … short run there is unidirectional Granger causality running from real income to human capital. …

-inflation variables such as real income has been given a somewhat passive role, either assuming it exogenous or to have a negligible role … extreme Yugoslavian episode to investigate the role of income.  The analysis suggests that even in extreme hyper-inflation the … monetary variables and real income are simultaneously determined.  The methodology enables a description of the short term …

This paper examines the relationship between inflation and real income in Australia, Canada, Finland, New Zealand …, Spain, Sweden and the UK which have adopted a “formal” policy of low or zero inflation target. Using cointegration analysis … and a vector error correction model (VECM)), we find that the long‐run relationship between inflation and real income is …

This paper examines the relationship between inflation and real income in Australia, Canada, Finland, New Zealand …, Spain, Sweden and the UK which have adopted a “formal” policy of low or zero inflation target. Using cointegration analysis … and a vector error correction model (VECM)), we find that the long-run relationship between inflation and real income is …