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    Please use this identifier to cite or link to this item: http://nccur.lib.nccu.edu.tw/handle/140.119/128704

    Title: The Asymmetric Behavior of Household Consumption under the Business Cycle
    Authors: 羅光達
    Lo, Kuang-Ta
    Chou, Ta-Sheng
    Tsui, Stephanie
    Contributors: 財政系
    Keywords: Cyclicality;Asymmetry;Business cycle;Household consumption
    Date: 2019-03
    Issue Date: 2020-02-20 13:13:27 (UTC+8)
    Abstract: In this study, we examine whether and to what extent the pattern of household consumption is asymmetrically sensitive to economic changes. We use a threshold model with error correction to characterize household consumption under the business cycle. Using data from the 1979–2014 Survey of Family Income and Expenditure in Taiwan, we find that household consumption has pro-cyclical characteristics during the business cycle. More importantly, household consumption responds asymmetrically to economic fluctuations such that changes in consumption tend to be larger during expansions than during downturns. Furthermore, the nature of this asymmetry differs across household income quantiles.
    Relation: The North American Journal of Economics and Finance
    Data Type: article
    DOI 連結: https://doi.org/10.1016/j.najef.2019.03.017
    DOI: 10.1016/j.najef.2019.03.017
    Appears in Collections:[財政學系] 期刊論文
    [會計學系] 期刊論文

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