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dc.contributor.authorStuart, Rebecca
dc.date.accessioned2018-01-12T15:42:59Z
dc.date.available2018-01-12T15:42:59Z
dc.date.issued2017
dc.identifier.citationStuart, Rebecca. 'Seventy Years of Personal Disposable Income and Consumption in Ireland'. - Dublin: SSISI, Vol. XLVI, 2016-17, pp.47-70en
dc.identifier.issn00814776
dc.identifier.otherJEL E3
dc.identifier.otherJEL E4
dc.identifier.otherJEL N14
dc.identifier.urihttp://hdl.handle.net/2262/82169
dc.descriptionread before the Society, 19 January 2017en
dc.description.abstractThis paper compiles annual data on personal consumption and personal disposable income for Ireland over the period 1944 to 2014 and goes on to estimate consumption functions. Having established that the series are cointegrated, an error-correction model is estimated which is stable over the entire 70-year period. A dynamic out-of-sample forecast of consumption for the period 2007-2014 fits well although it does not capture the full decline in consumption in 2009. Extensions of the model to include interest rates, household credit, house prices and unemployment as drivers of consumption are discussed.en
dc.language.isoenen
dc.publisherSSISIen
dc.relation.ispartofseriesJournal of the Dublin Statistical Society;
dc.relation.ispartofseriesVol. [No.], [Year];
dc.subjectIrelanden
dc.subjecthistorical statisticsen
dc.subjectlong time seriesen
dc.subjectpermanent income hypothesisen
dc.subject.ddc314.15
dc.titleSeventy Years of Personal Disposable Income and Consumption in Irelanden
dc.typeJournal Articleen
dc.status.refereedYes
dc.rights.ecaccessrightsopenAccess
dc.identifier.rssurihttp://www.ssisi.ie


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