IDEAS home Printed from https://ideas.repec.org/a/plo/pone00/0329213.html
   My bibliography  Save this article

The time-varying bidirectional causal relationship between household education expenditure and resident credit behavior: Dynamic quantile evidence and heterogeneous mechanisms

Author

Listed:
  • Chunyan Jiang
  • Yayun Wang
  • Wanqi Li
  • Runze Ding

Abstract

This study aims to investigate the time-varying bidirectional causal relationship between household education expenditure and resident credit behavior, as well as the heterogeneous mechanisms under different economic conditions and household characteristics. By constructing a TVP-SV-VAR model and a QVAR-DY model, we analyze urban household data in China from January 2015 to December 2024, unveiling the dynamic relationship between education expenditure and credit behavior, along with their asymmetry and heterogeneity. The findings reveal a significant bidirectional causal relationship between household education expenditure and resident credit behavior, which exhibits heterogeneity across different quantile levels and is influenced by household income, education level, and credit interest rates. Additionally, this study employs static and dynamic window methods to analyze the short-term, medium-term, and long-term spillover effects. Based on these findings, we propose policy recommendations for optimizing household education investment and credit market management under low, medium, and high-risk levels.

Suggested Citation

  • Chunyan Jiang & Yayun Wang & Wanqi Li & Runze Ding, 2025. "The time-varying bidirectional causal relationship between household education expenditure and resident credit behavior: Dynamic quantile evidence and heterogeneous mechanisms," PLOS ONE, Public Library of Science, vol. 20(8), pages 1-39, August.
    • Handle: RePEc:plo:pone00:0329213
    DOI: 10.1371/journal.pone.0329213
    as

    Download full text from publisher

    File URL: https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0329213
    Download Restriction: no
    File URL: https://journals.plos.org/plosone/article/file?id=10.1371/journal.pone.0329213&type=printable
    Download Restriction: no
    File URL: https://libkey.io/10.1371/journal.pone.0329213?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:plo:pone00:0329213. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: plosone (email available below). General contact details of provider: https://journals.plos.org/plosone/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.