Persistence in Consumption Across Europe : Evidence Using Fractional Integration

This paper employs fractional integration methods to investigate the degree of persistence in consumption in a group of 33 European countries using data on annual final consumption expenditure of households and non-profit institutions serving households for the period 1960-2021. The results show no...

Descripción completa

Detalles Bibliográficos
Autores: Lopez, Gema, Gil-Alana, Luis A.
Tipo de recurso: artículo
Fecha de publicación:2025
País:España
Institución:Universidad Francisco de Vitoria
Repositorio:DDFV. Repositorio Institucional de la Universidad Francisco de Vitoria
Idioma:inglés
OAI Identifier:oai:ddfv.ufv.es:10641/7542
Acceso en línea:https://hdl.handle.net/10641/7542
Access Level:acceso abierto
Palabra clave:Business, Management and Accounting (miscellaneous)
Economics, Econometrics and Finance (miscellaneous)
Yes
yes
id ES_690e95d4ffd84c8d86a987ad2befff45
oai_identifier_str oai:ddfv.ufv.es:10641/7542
network_acronym_str ES
network_name_str España
repository_id_str
spelling Persistence in Consumption Across Europe : Evidence Using Fractional IntegrationLopez, GemaGil-Alana, Luis A.Business, Management and Accounting (miscellaneous)Economics, Econometrics and Finance (miscellaneous)YesyesThis paper employs fractional integration methods to investigate the degree of persistence in consumption in a group of 33 European countries using data on annual final consumption expenditure of households and non-profit institutions serving households for the period 1960-2021. The results show no evidence of mean reversion in consumption levels over time, as all the series are fractionally integrated. This indicates very high levels of persistence. Special attention should be paid to several southern European countries, which present some of the highest degrees of integration. This suggests that shocks or changes in the consumption levels in these economies, whether positive or negative, tend to have a more enduring impact compared to other parts of Europe.Facultad de Derecho, Empresa y Gobierno20252025-03-0120252025-03-01journal articlehttp://purl.org/coar/resource_type/c_6501info:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/10641/7542reponame:DDFV. Repositorio Institucional de la Universidad Francisco de Vitoriainstname:Universidad Francisco de VitoriaInglésengopen accesshttp://purl.org/coar/access_right/c_abf2http://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccessoai:ddfv.ufv.es:10641/75422026-06-11T12:44:57Z
dc.title.none.fl_str_mv Persistence in Consumption Across Europe : Evidence Using Fractional Integration
title Persistence in Consumption Across Europe : Evidence Using Fractional Integration
spellingShingle Persistence in Consumption Across Europe : Evidence Using Fractional Integration
Lopez, Gema
Business, Management and Accounting (miscellaneous)
Economics, Econometrics and Finance (miscellaneous)
Yes
yes
title_short Persistence in Consumption Across Europe : Evidence Using Fractional Integration
title_full Persistence in Consumption Across Europe : Evidence Using Fractional Integration
title_fullStr Persistence in Consumption Across Europe : Evidence Using Fractional Integration
title_full_unstemmed Persistence in Consumption Across Europe : Evidence Using Fractional Integration
title_sort Persistence in Consumption Across Europe : Evidence Using Fractional Integration
dc.creator.none.fl_str_mv Lopez, Gema
Gil-Alana, Luis A.
author Lopez, Gema
author_facet Lopez, Gema
Gil-Alana, Luis A.
author_role author
author2 Gil-Alana, Luis A.
author2_role author
dc.contributor.none.fl_str_mv Facultad de Derecho, Empresa y Gobierno
dc.subject.none.fl_str_mv Business, Management and Accounting (miscellaneous)
Economics, Econometrics and Finance (miscellaneous)
Yes
yes
topic Business, Management and Accounting (miscellaneous)
Economics, Econometrics and Finance (miscellaneous)
Yes
yes
description This paper employs fractional integration methods to investigate the degree of persistence in consumption in a group of 33 European countries using data on annual final consumption expenditure of households and non-profit institutions serving households for the period 1960-2021. The results show no evidence of mean reversion in consumption levels over time, as all the series are fractionally integrated. This indicates very high levels of persistence. Special attention should be paid to several southern European countries, which present some of the highest degrees of integration. This suggests that shocks or changes in the consumption levels in these economies, whether positive or negative, tend to have a more enduring impact compared to other parts of Europe.
publishDate 2025
dc.date.none.fl_str_mv 2025
2025-03-01
2025
2025-03-01
dc.type.none.fl_str_mv journal article
http://purl.org/coar/resource_type/c_6501
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://hdl.handle.net/10641/7542
url https://hdl.handle.net/10641/7542
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2

http://creativecommons.org/licenses/by-nc-nd/4.0/
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2

http://creativecommons.org/licenses/by-nc-nd/4.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:DDFV. Repositorio Institucional de la Universidad Francisco de Vitoria
instname:Universidad Francisco de Vitoria
instname_str Universidad Francisco de Vitoria
reponame_str DDFV. Repositorio Institucional de la Universidad Francisco de Vitoria
collection DDFV. Repositorio Institucional de la Universidad Francisco de Vitoria
repository.name.fl_str_mv
repository.mail.fl_str_mv
_version_ 1869410004236238848
score 15,81155

Similares en LA Referencia