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https://doi.org/10.2307/2109455

has been cited by the following article:

• TITLE: Short-Run and Long-Run Co-Movements in the Income-Consumption Relationship

  AUTHORS: Alan Kai Ming Au, Matthew C. H. Yeung

  KEYWORDS: Common Cycles, Common Features, Cointegration, Consumers’ Expenditure

  JOURNAL NAME: Theoretical Economics Letters, Vol.8 No.5, April 2, 2018

  ABSTRACT: The study uses the cointegration and common cycle analysis to test whether there are short-run and long-run co-movement relationships between incomes and varies consumption expenditure variables. The analysis aims to detect the long-run co-movements between income and five types of consumption variables, which provides supporting evidence for the common brief that income drives consumption in the long-run. In addition, the analysis also attempts to detect if there are short-run co-movements between income and consumption.