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dc.contributor.authorΧατζηνικολάου, Δημήτριοςel
dc.date.accessioned2015-11-24T17:05:37Z-
dc.date.available2015-11-24T17:05:37Z-
dc.identifier.issn0003-6846-
dc.identifier.urihttps://olympias.lib.uoi.gr/jspui/handle/123456789/11352-
dc.rightsDefault Licence-
dc.subjectprivate sector behavioren
dc.subjectfiscal-policyen
dc.subjectinstrumental variablesen
dc.subjectliquidity constraintsen
dc.subjectaggregate demanden
dc.subjectpermanent incomeen
dc.subjectunited-statesen
dc.subjectintertemporal substitutionen
dc.subjectcovariance-matrixen
dc.subjecthypothesisen
dc.titleSensitivity of consumption to income and to government purchases: some specification and estimation issuesen
heal.typejournalArticle-
heal.type.enJournal articleen
heal.type.elΆρθρο Περιοδικούel
heal.identifier.secondary<Go to ISI>://000087052300013-
heal.identifier.secondaryhttp://www.tandfonline.com/doi/pdf/10.1080/000368400322390-
heal.languageen-
heal.accesscampus-
heal.recordProviderΠανεπιστήμιο Ιωαννίνων. Σχολή Οικονομικών και Κοινωνικών Επιστημών. Τμήμα Οικονομικών Επιστημώνel
heal.publicationDate2000-
heal.abstractThe paper derives a nonlinear error-correction model (ECM) for consumption and shows that existing models that are based on quadratic utility, combine permanent-income and current-income consumption, and nest (or could nest) the hypothesis of substitutability between private consumption and government purchases are special cases of the ECM. The importance of some econometric issues that have not received proper attention in the literature is demonstrated by estimating the models using US aggregate quarterly data, 1953:1-1992:4. The evidence suggests that the ECM produces more reliable estimates than do the existing restrictive models.en
heal.journalNameApplied Economicsen
heal.journalTypepeer reviewed-
heal.fullTextAvailabilityTRUE-
Appears in Collections:Άρθρα σε επιστημονικά περιοδικά ( Ανοικτά) - ΟΕ

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