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Explaining consumer confidence in Portugal

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  • Ramalho, Esmeralda A.
  • Caleiro, António
  • Dionfsio, Andreia

Abstract

Confidence in general and consumer confidence in particular are subject to increasing interest by many agents, including central banks and governments at the national level, and supranational entities, such as the European Commission of the European Union. Although the academic community shares this interest, the extant literature focuses on the use of consumer confidence to predict variables that describe aspects of the business cycle, such as consumption. Unlike this body of work, the objective of our paper is to analyse the evolution of consumer confidence in Portugal and examine the factors that underpin its formation. Using monthly and quarterly data over the period January 1987 to December 2009, we find that consumer confidence in Portugal is essentially explained by the economic performance, the entrance in the Euro zone and electoral circumstances.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Economic Psychology.

Volume (Year): 32 (2011)
Issue (Month): 1 (February)
Pages: 25-32

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Handle: RePEc:eee:joepsy:v:32:y:2011:i:1:p:25-32

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Web page: http://www.elsevier.com/locate/joep

Related research

Keywords: Consumer confidence Business cycle Elections Portugal;

References

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Cited by:
  1. Armand Faganel, 2011. "Recognized Values and Consumption Patterns of Post-Crisis Consumers," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 9(2), pages 151-170.

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