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
Keywords
Consumer sentiment, Consumption, E21, Hong Kong, Rational expectation
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
Publisher Statement
Access to external full text or publisher's version may require subscription.
Full-text Version
Publisher’s Version
Language
English