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dc.contributor.authorHolmes, Mark J.
dc.contributor.authorShen, Xin
dc.date.accessioned2013-10-01T22:39:17Z
dc.date.available2013-10-01T22:39:17Z
dc.date.copyright2013-09
dc.date.issued2013
dc.identifier.citationHolmes, M. J., & Shen, X. (2013). A note on the average propensity to consume, wealth and threshold adjustment. Economic Modelling, 35, 309-313.en_NZ
dc.identifier.urihttps://hdl.handle.net/10289/8043
dc.description.abstractWe explore the connection between the average propensity to consume (APC) and wealth to income ratio (WY) in the US. We find evidence of a long-run relationship characterised by threshold error correction. It is the APC that responds to long-run disequilibrium where the speed of adjustment is asymmetric insofar as being most likely fastest in regimes characterised by a high APC and low WY.en_NZ
dc.language.isoenen_NZ
dc.publisherElsevieren_NZ
dc.relation.ispartofEconomic Modelling
dc.relation.urihttp://www.sciencedirect.com/science/article/pii/S0264999313002733en_NZ
dc.subjectthreshold error correctionen_NZ
dc.subjectaverage propensity to consumeen_NZ
dc.subjectwealthen_NZ
dc.titleA note on the average propensity to consume, wealth and threshold adjustmenten_NZ
dc.typeJournal Articleen_NZ
dc.identifier.doi10.1016/j.econmod.2013.07.008en_NZ
pubs.declined2014-06-05T17:47:36.780+1200
pubs.deleted2014-06-05T17:47:36.780+1200
pubs.elements-id48578


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