Seasonality and consumer confidence

IF 0.8 4区经济学 Q3 ECONOMICS

Bulletin of Economic Research Pub Date : 2024-04-12 DOI:10.1111/boer.12449

Balázs Zélity

引用次数: 0

Abstract

This research empirically investigates whether consumer confidence is affected by seasonal daylight fluctuations. Cross-country panel regressions are run with two different datasets. It is found that both solar elevation and sunlight duration positively affect consumer confidence. The presence of country and year-by-month fixed effects as well as controls for the business cycle help rule out alternative explanations. A one standard deviation increase in solar elevation or sunlight duration is associated with a 0.03–0.04 SD increase in consumer confidence.

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季节性和消费者信心

本研究通过实证调查消费者信心是否受季节性日光波动的影响。利用两个不同的数据集进行了跨国面板回归。结果发现，太阳高度和日照时间都会对消费者信心产生积极影响。国家和逐年逐月固定效应以及对商业周期的控制有助于排除其他解释。太阳高度或日照时间每增加一个标准差，消费者信心就会增加 0.03-0.04 个标准差。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Bulletin of Economic Research ECONOMICS-

CiteScore

1.40

自引率

0.00%

发文量

期刊介绍： The Bulletin of Economic Research is an international journal publishing articles across the entire field of economics, econometrics and economic history. The Bulletin contains original theoretical, applied and empirical work which makes a substantial contribution to the subject and is of broad interest to economists. We welcome submissions in all fields and, with the Bulletin expanding in new areas, we particularly encourage submissions in the fields of experimental economics, financial econometrics and health economics. In addition to full-length articles the Bulletin publishes refereed shorter articles, notes and comments; authoritative survey articles in all areas of economics and special themed issues.