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The indicator of consumer confidence as an instrument to certify the permanent income hypothesis - Czech economy evidence

The result's identifiers

  • Result code in IS VaVaI

    <a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F13%3A86093891" target="_blank" >RIV/61989100:27510/13:86093891 - isvavai.cz</a>

  • Result on the web

  • DOI - Digital Object Identifier

Alternative languages

  • Result language

    angličtina

  • Original language name

    The indicator of consumer confidence as an instrument to certify the permanent income hypothesis - Czech economy evidence

  • Original language description

    The paper is oriented on the formulation of consumption function. The Keynesian consumption function and permanent income hypothesis (PIH) are considered for determination of consumption function. The consumption spending is estimated in proportion to actual income to test the appropriateness of both approaches. The consumer confidence indicator is assumed to express the expected change in future incomes in comparison to actual situation and used as an instrument to represent the PIH effect. On the dataof Czech economy the PIH approach is shown as a more suitable.

  • Czech name

  • Czech description

Classification

  • Type

    D - Article in proceedings

  • CEP classification

    AH - Economics

  • OECD FORD branch

Result continuities

  • Project

  • Continuities

    I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Others

  • Publication year

    2013

  • Confidentiality

    S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Data specific for result type

  • Article name in the collection

    MEKON 2013 : the CD of participants' reviewed papers from 15th international conference : February 6-7, 2013, Ostrava

  • ISBN

    978-80-248-2950-0

  • ISSN

  • e-ISSN

  • Number of pages

    9

  • Pages from-to

    612-620

  • Publisher name

    VŠB - Technická univerzita Ostrava

  • Place of publication

    Ostrava

  • Event location

    Ostrava

  • Event date

    Feb 6, 2013

  • Type of event by nationality

    EUR - Evropská akce

  • UT code for WoS article