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Testing for parameter stability: the Spanish consumption function

Author

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  • M. Matilla-Garcia
  • P. Perez
  • B. Sanz

Abstract

This study tests for parameter instability in the Spanish consumption function. To that end, a new test for time dependence of parameters is used and compared with other relevant tests. As opposed to other tests this new one is concerned with detecting parameter variation in frequency domain.

Suggested Citation

  • M. Matilla-Garcia & P. Perez & B. Sanz, 2006. "Testing for parameter stability: the Spanish consumption function," Applied Economics Letters, Taylor & Francis Journals, vol. 13(7), pages 445-448.
    • Handle: RePEc:taf:apeclt:v:13:y:2006:i:7:p:445-448
    DOI: 10.1080/13504850500398559
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    References listed on IDEAS

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    Cited by:

    1. Feng-Li Lin & Wen-Yi Chen, 2020. "Did the Consumption Voucher Scheme Stimulate the Economy? Evidence from Smooth Time-Varying Cointegration Analysis," Sustainability, MDPI, vol. 12(12), pages 1-16, June.

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