Linear and nonlinear causality between changes in consumption and consumer attitudes

Zhuo Qiao; Michael McAleer; Wing-Keung Wong

doi:10.1016/j.econlet.2008.12.010

Linear and nonlinear causality between changes in consumption and consumer attitudes

Zhuo Qiao
, Michael McAleer
, Wing-Keung Wong^*

^*Corresponding author for this work

Research output: Contribution to journal › Journal article › peer-review

43 Citations (Scopus)

109 Downloads (Pure)

Abstract

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.

Original language	English
Pages (from-to)	161-164
Number of pages	4
Journal	Economics Letters
Volume	102
Issue number	3
Early online date	24 Dec 2008
DOIs	https://doi.org/10.1016/j.econlet.2008.12.010
Publication status	Published - Mar 2009

User-Defined Keywords

Consumer expectations
Consumer sentiment
Consumption growth
Nonlinear Granger causality
Prediction

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10.1016/j.econlet.2008.12.010

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title = "Linear and nonlinear causality between changes in consumption and consumer attitudes",

abstract = "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.",

keywords = "Consumer expectations, Consumer sentiment, Consumption growth, Nonlinear Granger causality, Prediction",

author = "Zhuo Qiao and Michael McAleer and Wing-Keung Wong",

note = "Funding Information: The authors are most grateful to Professor Eric Maskin and an anonymous referee for their substantive comments and suggestions that have significantly improved this manuscript. The second author wishes to acknowledge the financial support of the Australian Research Council. The third author would like to thank Professors Robert B. Miller and Howard E. Thompson for their continuous guidance and encouragement. ",

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T1 - Linear and nonlinear causality between changes in consumption and consumer attitudes

AU - Qiao, Zhuo

AU - McAleer, Michael

AU - Wong, Wing-Keung

N1 - Funding Information: The authors are most grateful to Professor Eric Maskin and an anonymous referee for their substantive comments and suggestions that have significantly improved this manuscript. The second author wishes to acknowledge the financial support of the Australian Research Council. The third author would like to thank Professors Robert B. Miller and Howard E. Thompson for their continuous guidance and encouragement.

PY - 2009/3

Y1 - 2009/3

N2 - 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.

AB - 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.

KW - Consumer expectations

KW - Consumer sentiment

KW - Consumption growth

KW - Nonlinear Granger causality

KW - Prediction

UR - https://www.scopus.com/pages/publications/60449084220

U2 - 10.1016/j.econlet.2008.12.010

DO - 10.1016/j.econlet.2008.12.010

M3 - Journal article

AN - SCOPUS:60449084220

SN - 0165-1765

VL - 102

SP - 161

EP - 164

JO - Economics Letters

JF - Economics Letters

IS - 3

ER -

Linear and nonlinear causality between changes in consumption and consumer attitudes

Abstract

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