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A comparison of the smoothness of consumption and investment over the business cycle as between developed and developing nations: 1970–79


  • Ira Saltz
  • Richard Cebula


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  • Ira Saltz & Richard Cebula, 1992. "A comparison of the smoothness of consumption and investment over the business cycle as between developed and developing nations: 1970–79," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 128(4), pages 681-694, December.
  • Handle: RePEc:spr:weltar:v:128:y:1992:i:4:p:681-694
    DOI: 10.1007/BF02707299

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    References listed on IDEAS

    1. Hall, Robert E, 1978. "Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence," Journal of Political Economy, University of Chicago Press, vol. 86(6), pages 971-987, December.
    2. Zeldes, Stephen P, 1989. "Consumption and Liquidity Constraints: An Empirical Investigation," Journal of Political Economy, University of Chicago Press, vol. 97(2), pages 305-346, April.
    3. Kandil, Magda, 1991. "The changing cyclical variability of economic activity in the United States: A sectoral investigation," Journal of Macroeconomics, Elsevier, vol. 13(1), pages 25-45.
    4. Atesoglu, H. Sonmez, 1975. "The relative importance of autonomous expenditures and money in Turkey," Journal of Monetary Economics, Elsevier, vol. 1(3), pages 369-373, July.
    5. Fumio Hayashi, 1985. "The Effect of Liquidity Constraints on Consumption: A Cross-Sectional Analysis," The Quarterly Journal of Economics, Oxford University Press, vol. 100(1), pages 183-206.
    6. Jorgenson, Dale W, 1971. "Econometric Studies of Investment Behavior: A Survey," Journal of Economic Literature, American Economic Association, vol. 9(4), pages 1111-1147, December.
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