Journalartikel

Autorenliste: Bohl, MT

Jahr der Veröffentlichung: 1996

Seiten: 526-541

Zeitschrift: Journal of Economics and Statistics

Bandnummer: 215

Heftnummer: 5

ISSN: 0021-4027

Verlag: De Gruyter Brill

Abstract: 
This paper exploits seasonal unit root and cointegration tests to examine West German data on private consumption and disposable income during the period 1960-1993 as well as the subsamples 1960-1973 and 1974-1993. The results indicate that both time series are integrated of order one at the long-run, biannual and annual frequency. Cointegration relationships at these frequencies are found especially in the second subsample. A seasonal error correction model for 1974-1993 describes the behaviour of consumption adequately but does not outperform an error correction model specified on seasonally adjusted time series.

Harvard-Zitierstil: Bohl, M. (1996) Seasonal cointegration and the German Consumption Function 1960-1993, Jahrbücher für Nationalökonomie und Statistik - Journal of Economics and Statistics, 215(5), pp. 526-541

APA-Zitierstil: Bohl, M. (1996). Seasonal cointegration and the German Consumption Function 1960-1993. Jahrbücher für Nationalökonomie und Statistik - Journal of Economics and Statistics. 215(5), 526-541.