期刊名称：Topics in Middle Eastern and North African Economies
出版年度：2010
卷号：12
期号：1
出版社：Loyola University Chicago
摘要：This study aims to analyze the relationship between consumer confidence and economicgrowth in six emerging economies, namely Brazil, China, Mexico, Poland, South Africa andTurkey. The relationship between consumer confidence and economic activity in developedmarkets has been well documented (Carroll et al., 1994, Howrey, 2001 and Ludvigson, 2004).However, to our knowledge, there are hardly any studies which assess the validity of thistheoretical framework for households in emerging economies. We propose that there are twodifferent variables that could play a significant role on consumer confidence in emergingeconomies as economic variables that measure production and financial variables that reflectthe relationship between consumer confidence and financial markets. This study uses paneldata analysis via conducting panel unit root and cointegration tests. Our empirical findingsshow that consumer confidence, industrial production and stock exchange have a long-runrelationship in emerging economies. Moreover, households in emerging and developedmarkets exhibit similar behavior
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