Consumer confidence and economic activity: a factor augmented VAR approach

Kılıç, Erdem; Çankaya, Serkan

doi:10.1080/00036846.2015.1133902

Cited by 21 publications

(7 citation statements)

References 31 publications

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“…Ahmed and Cassou (2016) report that consumer confidence in the US has a different effect on spending according to bad and good economic times as well as types of purchase. Kilic and Cankaya (2016) also present that consumer confidence index in the US has a strong relation with personal consumption expenditure and housing market factors. Juhro and Iyke (2020) find that consumer and business confidence indexes have a prediction power on consumption expenditure in Indonesia.…”

Section: Introductionmentioning

confidence: 77%

“…Dees and Soares Brinca (2013) explore the effect of consumer confidence on consumption expenditures in the US and Euro area. Kilic and Cankaya (2016) find that consumer confidence has a critical effect on consumer expenditure per person in the US. Similarly, Juhro and Iyke (2020) show the predictive power of consumer and business confidence on consumption expenditure in Indonesia.…”

Section: How the Consumer Confidence Index Affects Agricultural Pricesmentioning

confidence: 90%

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Impact of consumer confidence on pork prices in Korea, taking into account the quality difference: a comparison between imported frozen and domestic chilled pork belly

2022

Stud. Agr. Econ.

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Section: Introductionmentioning

confidence: 77%

Section: How the Consumer Confidence Index Affects Agricultural Pricesmentioning

confidence: 90%

Impact of consumer confidence on pork prices in Korea, taking into account the quality difference: a comparison between imported frozen and domestic chilled pork belly

2022

Stud. Agr. Econ.

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“…Para Katona, el nivel de confianza sobre las condiciones financieras futuras de los consumidores es el principal determinante de sus decisiones de consumo actuales. En su estudio de 1975 demuestra que la confianza del consumidor es afectada por factores psicológicos durante eventos inusuales que provocan que las actitudes de las personas cambien repentina mente (Kilic y Cankaya, 2016). Cuando las personas consideran que vienen condiciones económicas adversas y ven a algunos conocidos perder sus empleos, se preocupan y dejan de consumir para ahorrar.…”

Section: El íNdice De Confianza Del Consumidor (Icc)unclassified

Modelos estadísticos para la investigación científica. Aplicaciones en las áreas económico-administrativas

Valadez García,

López Leyva,

Jiménez Cerra

et al. 2023

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La presente obra tiene por objetivo exponer de manera práctica y en un lenguaje sencillo y amigable para el lector, la aplicación de la estadística como herramienta de investigación en las áreas económico-administrativas. A diferencia de otros libros de esta misma rama, 'Modelos estadísticos para la investigación científica' explica mediante ejemplos descriptivos una variedad de metodologías estadísticas que incluyen tanto el trabajo con fuentes de información secundaria, como la elaboración, validación y aplicación de instrumentos para la recolección de datos a través de encuestas. Está dirigido fundamentalmente a estudiantes, docentes, investigadores y profesionistas que estén interesados en desarrollar o fortalecer sus capacidades de investigación a través de la aplicación y modelación de métodos cuantitativos. Para este propósito, se incluyen casos prácticos para modelos de tabulación cruzada, de elección discreta, ecuaciones estructurales, cointegración y ciclo común, la elaboración de índices y el enfoque de redes sociales, donde se integra el planteamiento metodológico acompañado por el análisis y la interpretación de métricos. Este trabajo se enriquece con la participación de autores de diversas unidades académicas adscritos a instituciones públicas de educación superior que cuentan con una vasta experiencia en la investigación científica y cuya motivación es compartir con las futuras generaciones los beneficios del manejo de bases de datos y su procesamiento estadístico, lo cual a su vez contribuya al entendimiento de los fenómenos complejos del mundo actual y que derive en propuestas y soluciones a las problemáticas reales de nuestra sociedad.

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“…The results on the predictability of consumer attitudes toward consumer spending are somewhat mixed. The effect of consumer sentiment on consumption has been analyzed by, among others Carroll et al (1994), Kwan and Cotsomitis (2004), Ludvigson (2004), Easaw et al (2005), Kwan and Cotsomitis (2006), Malgarini and Margani (2007), Celik and Ozerkek (2009), Bruno (2014), Kilic and Cankaya (2016), Gausden and Hasan (2016), Lahiri et al (2016), Juhro and Iyke (2020).…”

Section: Literature Reviewmentioning

confidence: 99%

Forecasting Household Saving Rate with Consumer Confidence Indicator and its Components: Panel Data Analysis of 14 European Countries

Aneta¹,

Górska²

2021

ERSJ

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Indicator and its underlying components for household saving rate in the broad crosscountry settlement. Two questions are addressed in particular. First, do Consumer Confidence Indicator and its components indeed forecast future household propensity to save on their own? Second, do Consumer Confidence Indicator and its components contain any predictive power for household saving beyond economic fundamentals? Design/Methodology/Approach: The regression analysis using panel data for 14 European countries is used. Findings: Our results reveal that Consumer Confidence Indicator and most of its component questions have predictive power for the forecasts of household saving rate in both cases -as distinct predictor and as additional variable to the baseline model. Practical implications: Generally, our results support the recommendations to combine subjective (confidence indexes) and objective (economic fundamentals) indicators to achieve a broader picture and a more reliable basis for forecasts and policy assessments in the area of household finance. The results may be of special interest in terms of profound changes in consumer confidence related to the global pandemic . Originality: This study extends the knowledge in consumer confidencehousehold saving relationship and is the first analysis of consumer confidence forecasting ability for household saving settled in the broad European perspective.

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Consumer confidence and economic activity: a factor augmented VAR approach

Cited by 21 publications

References 31 publications

Impact of consumer confidence on pork prices in Korea, taking into account the quality difference: a comparison between imported frozen and domestic chilled pork belly

Impact of consumer confidence on pork prices in Korea, taking into account the quality difference: a comparison between imported frozen and domestic chilled pork belly

Modelos estadísticos para la investigación científica. Aplicaciones en las áreas económico-administrativas

Forecasting Household Saving Rate with Consumer Confidence Indicator and its Components: Panel Data Analysis of 14 European Countries

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