The Relationship between Consumer Sentiment, Government Expenditure, and Private Consumption in Six Main Asian Countries

Abstract

In recent years, there have been many kinds of research surrounding the impact of government spending on private consumption. One of the main controversies is whether the impact of government spending on private consumption is positive or negative. At the same time, sentiment factors (e.g., consumer confidence) have been increasingly considered in economic decision-making. However, fewer research has been conducted to consider sentiment factors together with government spending and private consumption.