Long-run credit growth in the US

The paper explores the long-term income elasticity of consumer and mortgage credit growth since World War II. It also examines other economic factors, to determine whether recent credit use is anomalous. Two-stage least squares show consumer credit income elasticity to be slightly below 1.0, taking...

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Veröffentlicht in:	Journal of economics and business 2010-09, Vol.62 (5), p.383-400
Hauptverfasser:	Durkin, Thomas A., Ord, Keith, Walker, David A.
Format:	Artikel
Sprache:	eng
Schlagworte:	Cointegration analysis Consumer credit Elasticity Mortgages Regression analysis Studies
Online-Zugang:	Volltext
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