Does consumer sentiment forecast household spending? The Hong Kong case

Chengze FAN; Phoebe WONG

doi:10.1016/S0165-1765(97)00247-4

Does consumer sentiment forecast household spending? The Hong Kong case

Chengze FAN, Phoebe WONG

Lingnan College

Research output: Journal Publications › Journal Article (refereed) › peer-review

31 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 language	English
Pages (from-to)	77-84
Number of pages	8
Journal	Economics Letters
Volume	58
Issue number	1
DOIs	https://doi.org/10.1016/S0165-1765(97)00247-4
Publication status	Published - 1 Jan 1998

Keywords

Consumer sentiment
Consumption
E21
Hong Kong
Rational expectation

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10.1016/S0165-1765(97)00247-4

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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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AU - FAN, Chengze

AU - WONG, Phoebe

PY - 1998/1/1

Y1 - 1998/1/1

N2 - 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.

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

KW - Consumption

KW - E21

KW - Hong Kong

KW - Rational expectation

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

UR - http://www.scopus.com/inward/record.url?scp=0032219579&partnerID=8YFLogxK

U2 - 10.1016/S0165-1765(97)00247-4

DO - 10.1016/S0165-1765(97)00247-4

M3 - Journal Article (refereed)

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VL - 58

SP - 77

EP - 84

JO - Economics Letters

JF - Economics Letters

IS - 1

ER -

Does consumer sentiment forecast household spending? The Hong Kong case

Abstract

Keywords

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