Linear and nonlinear causality between changes in consumption and consumer attitudes

Linear and nonlinear causality between changes in consumption and consumer attitudes

Adopting both linear and nonlinear Granger causality tests, we find consumer attitude indices of the University of Michigan's surveys are very useful in predicting consumption movements of the United States.

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Veröffentlicht in:Economics letters 2009-03, Vol.102 (3), p.161-164
Hauptverfasser: Qiao, Zhuo, McAleer, Michael, Wong, Wing-Keung
Format: Artikel
Sprache:eng
Schlagworte:
Causal analysis
Consumer demand
Consumer expectations
Consumer sentiment
Consumer sentiment Consumer expectations Consumption growth Nonlinear Granger causality Prediction
Consumption
Consumption growth
Economic forecasts
Nonlinear Granger causality
Prediction
U.S.A
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Beschreibung
Zusammenfassung:Adopting both linear and nonlinear Granger causality tests, we find consumer attitude indices of the University of Michigan's surveys are very useful in predicting consumption movements of the United States.
ISSN:0165-1765
1873-7374
DOI:10.1016/j.econlet.2008.12.010