wealth approximated by price indices for a panel of industrialized countries. Consumption, income and wealth are cointegrated … hypothesis. The income elasticity does not differ from unity, and wealth elasticities are within a range of 2 to 5 percent …

wealth approximated by price indices for a panel of industrialized countries. Consumption, income and wealth are cointegrated … hypothesis. The in-come elasticity does not differ from unity, and wealth elasticities are within a range of 2 to 5 percent … income hypothesis ; panel cointegration ; wealth effects …

We investigate the long run relationship between private consumption, disposable income and wealth approximated by … equity and house price indices for a panel of 15 industrialized countries. Consumption, income and wealth are cointegrated in … their common components. The impact of house prices exceeds the effect arising from equity wealth. The long run vector is …

The study seeks to examine stock market wealth effects on private non-durable consumption for Zimbabwean households … relationship between stock market wealth and consumption. An autoregressive distributed lag model (ARDL) analysis is implemented to … significant wealth effects for Zimbabwe, a developing country. This contradicts the commonly held view that LDCs should have …

The study seeks to examine stock market wealth effects on private non-durable consumption for Zimbabwean households … relationship between stock market wealth and consumption. An autoregressive distributed lag model (ARDL) analysis is implemented to … significant wealth effects for Zimbabwe, a developing country. This contradicts the commonly held view that LDCs should have …

asymmetry are usually considered as mutually exclusive. Using a single data set for US personal consumption, income and wealth … wealth declines can have considerable negative consumption effects in the short run, households have apparently been able, in … the longer run, to substantially increase consumption expenditure following income and wealth increases, but to keep the …

and wealth in Turkey, arising from equity and housing market channels over the period from 1998 Q1 to 2016 Q2. We employ … analysis are used for verifying the effects of shocks. The results suggest that income, credit and housing wealth are … positively, interest rate and equity market wealth are negatively associated with consumption. Variance decomposition and impulse …

asymmetry are usually considered as mutually exclusive. Using a single data set for US personal consumption, income and wealth …Verschiedene Abweichungen von der Permanenten Einkommenshypothese mit rationalen Erwartungen sind in der Literatur …