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http://ri.uaemex.mx/handle20.500.11799/38880
DC Field | Value | Language |
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dc.creator | Eduardo Loria | - |
dc.creator | Luis Brito Cruz | - |
dc.date | 2004 | - |
dc.identifier | http://hdl.handle.net/20.500.11799/38880 | - |
dc.description | The United States (U.S.) Consumer Confidence Index (CCI) has been widely and unambiguously regarded as a good 'predictor' of the U.S.'s private investment and consumption. In order to demonstrate such with statistical rigor, co-integration and Granger causality tests were applied for 1978:Q1-2003:Q1. Two crucial results were obtained: a) co-integration was not found between CCI and investment and consumption, and b) CCI does not determine -in the Granger sense- either consumption or private investment. Conversely, we found causality from these two variables over CCI. | - |
dc.format | application/application/pdf | - |
dc.language | eng | - |
dc.publisher | Asociación Internacional de Economía Aplicada | - |
dc.relation | http://www.redalyc.org/revista.oa?id=301 | - |
dc.rights | info:eu-repo/semantics/openAccess | - |
dc.rights | http://creativecommons.org/licenses/by-nc-nd/4.0 | - |
dc.source | Estudios de Economía Aplicada (España) Num.3 Vol.22 | - |
dc.subject | Economía y Finanzas | - |
dc.subject | leading indicator | - |
dc.subject | consumer confidence index | - |
dc.subject | Granger causality test | - |
dc.subject | unit root | - |
dc.subject | structural change | - |
dc.subject | co-integration | - |
dc.subject | info:eu-repo/classification/cti/5 | - |
dc.title | Is the consumer confidence index a sound predictor of the private demand in the United States? | - |
dc.type | article | - |
dc.audience | students | - |
dc.audience | researchers | - |
item.fulltext | No Fulltext | - |
item.grantfulltext | none | - |
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