消费、收入和价格变化之间的联系:来自NARDL模式的非对称证据

IF 1 Q3 ECONOMICS
Etikonomi Pub Date : 2022-06-24 DOI:10.15408/etk.v21i2.23339
Raheel Gohar, B. Chang, O. F. Derindag, Z. Abro
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引用次数: 7

摘要

先前的研究主要是使用线性回归模型来检验价格、收入和消费者支出之间的联系。另一方面,最新证据表明,经济和金融变量之间存在不对称联系。我们通过采用一种被称为不对称ARDL模型的新技术来贡献文献。这种方法用于调查收入和价格的有利和不利变化对家庭消费的影响。研究结果表明,高收入在短期和长期内对家庭支出都有实质性的有益影响。另一方面,收入下降对消费支出没有影响。此外,对大多数发展中国家来说,价格调整对消费者支出的影响微不足道。我们的研究结果表明,在收入和价格上涨和下降的时期实施同样的政策举措可能会导致潜在的损失。JEL分类:E31, F31, C22
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Nexus between Consumption, Income and Price Changes: Asymmetric Evidence from NARDL Mode
Previous research has primarily examined the link between price, income, and consumer spending using linear regression models. On the other hand, the latest evidence shows an asymmetric link among economic and financial variables. We contribute to the literature by employing a novel technique known as the asymmetric ARDL model. This approach is used to investigate the impact of favorable and unfavorable changes in income and prices on household consumption. The results show that higher income has a substantial and beneficial effect on household expenditures in the short term and long term. On the other hand, a fall in income has no impact on consumer spending. Moreover, for most developing countries, price adjustments have a negligible effect on consumer expenditures. Our findings suggest that implementing the same policy initiatives across periods of rising and falling income and prices may result in potential losses.JEL Classification: E31, F31, C22
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来源期刊
Etikonomi
Etikonomi ECONOMICS-
自引率
12.50%
发文量
29
审稿时长
12 weeks
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