Title

Does consumer sentiment forecast household spending? The Hong Kong case

Document Type

Journal article

Source Publication

Economics Letters

Publication Date

1-1-1998

Volume

58

Issue

1

First Page

77

Last Page

84

Publisher

Elsevier Science S.A.

Keywords

Consumption, consumer sentiment, rational expectation, Hong Kong

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.

DOI

10.1016/S0165-1765(97)00247-4

Print ISSN

01651765

E-ISSN

18737374

Publisher Statement

Copyright © 1998 Elsevier Science S.A.

Access to external full text or publisher's version may require subscription.

Full-text Version

Publisher’s Version

Recommended Citation

Fan, C. S., & Wong, P. (1998). Does consumer sentiment forecast household spending? The Hong Kong case. Economics Letters, 58(1), 77-84. doi: 10.1016/S0165-1765(97)00247-4

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