Tests of Nonlinear Consumption Functions: The Case of Korea, Taiwan, Thailand and India

Hsieh, Wen-Jen; Hsing, Yu

doi:10.1080/10168739400000014

Cited by 2 publications

(2 citation statements)

References 15 publications

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“…Quasi money is a liquid asset, easily convertible to cash. A type of near money which includes bank deposits, money market assets, bill of exchanges, time and saving deposits and foreign currency deposits (Zeldes, S.P., (1989); Shirvani et al, (2008)); Hsich et al, (1994)). The wealth has been proxied by using Quasi money.…”

Section: Quasi Moneymentioning

confidence: 99%

Estimation of Consumption Function for Developing Economies: China, Turkey, Vietnam and Bangladesh

Liaqat

Wotto

Khan

2020

GER

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This study analyses the determinants of consumption function for four countries: China and Turkey as Upper Middle-Income Economies (UMIE); Bangladesh and Vietnam as Lower Middle-Income Economies (LMIE). It used a model based on the ARDL technique to analyze the time series data for the period of 1985- 2018. The results reveal that wealth and labor income have a similar impact on consumption in UMIE and LMIE since they affect significantly and positively aggregate consumption. Unemployment and real interest rates have an analogous result for UMIE while assorted results LMIE. The real interest rate harms RPAC as evidence of income effect. However, the short-term wealth and real GDP positively affect real RPAC whereas the unemployment rate and real interest rate negatively affect aggregate real private consumption of the selected economies.

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Section: Quasi Moneymentioning

confidence: 99%

Estimation of Consumption Function for Developing Economies: China, Turkey, Vietnam and Bangladesh

Liaqat

Wotto

Khan

2020

GER

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“…As mentioned by Hsieh and Hsing (1994), one area that has not received adequate attention is the change in saving due to the change in disposable income during different stages of economic development. The economic conditions in the areas such as Korea, Singapore, Taiwan, and Hong Kong have improved rapidly while in other areas, such as the People's Republic of China, economic conditions have remained at an undeveloped level.…”

Section: Preference Change With Capital and Knowledgementioning

confidence: 99%

Capital and Knowledge

Zhang¹

1999

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Tests of Nonlinear Consumption Functions: The Case of Korea, Taiwan, Thailand and India

Cited by 2 publications

References 15 publications

Estimation of Consumption Function for Developing Economies: China, Turkey, Vietnam and Bangladesh

Estimation of Consumption Function for Developing Economies: China, Turkey, Vietnam and Bangladesh

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