Title: The Relationship between the Stock Market and Consumption
Abstract: This paper examines the interaction between consumption and the price/return of stocks. In so doing, we utilise an advanced theoretical and empirical framework. It is worth noting that previous literature used simple linear regressions without a rigorous theoretical basis. Consequently, we present a sophisticated non‐linear dynamic model as the theoretical basis of our empirical results.
Publication Year: 2013
Publication Date: 2013-03-01
Language: en
Type: article
Indexed In: ['crossref']
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