The Relationship between the Stock Market and Consumption. Issue 1 (8th April 2013)

• Record Type: Journal Article
• Authors: Alghalith, Moawia; Polius, Tracy
• Is Part Of: Economic papers. Volume 32:Issue 1(2013:Mar.)
• Page Start: 135
• Page End: 138
• Publication Date: 2013-04-08
• Subjects: Economics -- Periodicals; Australia -- Economic conditions -- Periodicals; 330.05
• DOI: 10.1111/1759-3441.12018
• Languages: English
• ISSNs: 0812-0439

Abstract

<abstract abstract-type="main" id="ecpa12018-abs-0001"> <title> <x xml:space="preserve">Abstract</x> </title> <p>This paper examines the interaction between consumption and the price/return of stocks. In so doing, we utilise an advanced theoretical and empirical framework. It is worth noting that previous literature used simple linear regressions without a rigorous theoretical basis. Consequently, we present a sophisticated non‐linear dynamic model as the theoretical basis of our empirical results.</p> </abstract>