The stationarity of consumption–income ratios: Evidence from bootstrapping confidence intervals
AbstractWe study the stationarity of consumption–income ratio (APC) in OECD countries. To that end, we use three different bootstrapping techniques to construct the 90% confidence intervals. The results show that the APC is non-stationary in most of the countries.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 115 (2012)
Issue (Month): 1 ()
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Web page: http://www.elsevier.com/locate/ecolet
Consumption-income; Unit root; Confidence interval; Bootstrapping;
Find related papers by JEL classification:
- C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models
- E21 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
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