English, Article, Journal or magazine article edition: Examining Ricardian Equivalence by estimating and bootstrapping a nonlinear dynamic panel model G. MALENGIER; L. POZZI

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/14834
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Examining Ricardian Equivalence by estimating and bootstrapping a nonlinear dynamic panel model
Author
  • G. MALENGIER
  • L. POZZI
Physical Description
  • preprint
Notes
  • We examine the Ricardian Equivalence proposition for a panel of OECD countries in the 80s and 90s by estimating a nonlinear dynamic consumption function. We estimate this function with the Generalized Method of Moments (GMM) using moment conditions that allow us to use information from the levels of the variables included in the consumption function. To examine the performance of this nonlinear GMM estimator and to obtain small sample critical values for the test statistics we apply both one-level and two-level bootstraps. Ricardian Equivalence is rejected since we find a significant number of current income consumers and since permanent income consumers seem to consume less in each period than what would be expected under certainty equivalence.
  • Ricardian Equivalence, rule-of-thumb, precaution, panel data, GMM, bootstrap
  • RePEc:rug:rugwps:04/​274
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment