Renewed attention was recently devoted to the theory and empirical evidence aboutr the consumption function, to derive a more comprehensive model suitable for estimation purposes. This note provides new empirical evidence on the divorce variable in Italy for the period 1971-2000.By considering the time series properties of the variables involved in the consumption function and the cointegration approach using annual data, consumption and divorce are demostrated to have an order-one integration and a cointegration, showing a long and a short-run co-movement.
|Titolo:||The role of divorce in the consumtion function:further evidence.|
TAGLIABUE, GIOVANNA (Primo)
|Parole Chiave:||divorce ; consumtion ; cointegration ;|
|Settore Scientifico Disciplinare:||Settore SECS-P/01 - Economia Politica|
|Data di pubblicazione:||2003|
|Appare nelle tipologie:||01 - Articolo su periodico|