Does consumer sentiment forecast household spending? The Hong Kong case

Chengze FAN, Phoebe WONG

    Research output: Journal PublicationsJournal Article (refereed)

    22 Citations (Scopus)

    Abstract

    Using Hong Kong data, this paper examines the predictive capacity of consumer confidence indexes for consumption. The results indicate that in sharp contrast with the situation in the US or Britain, the consumer confidence indexes in Hong Kong have little or almost no explanatory power in forecasting consumption growth.
    Original languageEnglish
    Pages (from-to)77-84
    Number of pages8
    JournalEconomics Letters
    Volume58
    Issue number1
    DOIs
    Publication statusPublished - 1 Jan 1998

    Fingerprint

    Consumer sentiment
    Hong Kong
    Consumer confidence
    Household
    Consumption growth

    Keywords

    • Consumer sentiment
    • Consumption
    • E21
    • Hong Kong
    • Rational expectation

    Cite this

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    title = "Does consumer sentiment forecast household spending? The Hong Kong case",
    abstract = "Using Hong Kong data, this paper examines the predictive capacity of consumer confidence indexes for consumption. The results indicate that in sharp contrast with the situation in the US or Britain, the consumer confidence indexes in Hong Kong have little or almost no explanatory power in forecasting consumption growth.",
    keywords = "Consumer sentiment, Consumption, E21, Hong Kong, Rational expectation",
    author = "Chengze FAN and Phoebe WONG",
    year = "1998",
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    language = "English",
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    journal = "Economics Letters",
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    }

    Does consumer sentiment forecast household spending? The Hong Kong case. / FAN, Chengze; WONG, Phoebe.

    In: Economics Letters, Vol. 58, No. 1, 01.01.1998, p. 77-84.

    Research output: Journal PublicationsJournal Article (refereed)

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    AB - Using Hong Kong data, this paper examines the predictive capacity of consumer confidence indexes for consumption. The results indicate that in sharp contrast with the situation in the US or Britain, the consumer confidence indexes in Hong Kong have little or almost no explanatory power in forecasting consumption growth.

    KW - Consumer sentiment

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    KW - E21

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    KW - Rational expectation

    UR - http://commons.ln.edu.hk/sw_master/6941

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