Consumption, investment and unemployment: SVAR tests of the effects of changes in the consumption-saving pattern

In this paper, we provide evidence supporting the hypothesis that permanent shifts in the consumption-saving pattern will have permanent effects on investment, with subsequent consequences for the unemployment rate, by estimating a structural vector autoregression model for the Spanish economy. Our...

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Main Authors:	Roberto Bande-Ramudo, Manuel Fernandez-Grela, Dolores Riveiro-Garcia
Format:	Article
Language:	English
Published:	Taylor & Francis Group 2014-12-01
Series:	Cogent Economics & Finance
Subjects:	C22—time-series models E2—consumption saving production employment and investment
Online Access:	http://dx.doi.org/10.1080/23322039.2014.933676

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spelling	doaj-441a686218e0497da56c64807dcc66242020-11-24T21:35:46ZengTaylor & Francis GroupCogent Economics & Finance2332-20392014-12-012110.1080/23322039.2014.933676933676Consumption, investment and unemployment: SVAR tests of the effects of changes in the consumption-saving patternRoberto Bande-Ramudo0Manuel Fernandez-Grela1Dolores Riveiro-Garcia2University of Santiago de CompostelaUniversity of Santiago de CompostelaUniversity of Santiago de CompostelaIn this paper, we provide evidence supporting the hypothesis that permanent shifts in the consumption-saving pattern will have permanent effects on investment, with subsequent consequences for the unemployment rate, by estimating a structural vector autoregression model for the Spanish economy. Our results suggest a significant impact of consumption shocks on unemployment through changes in investment.http://dx.doi.org/10.1080/23322039.2014.933676C22—time-series modelsE2—consumptionsavingproductionemployment and investment
collection	DOAJ
language	English
format	Article
sources	DOAJ
author	Roberto Bande-Ramudo Manuel Fernandez-Grela Dolores Riveiro-Garcia
spellingShingle	Roberto Bande-Ramudo Manuel Fernandez-Grela Dolores Riveiro-Garcia Consumption, investment and unemployment: SVAR tests of the effects of changes in the consumption-saving pattern Cogent Economics & Finance C22—time-series models E2—consumption saving production employment and investment
author_facet	Roberto Bande-Ramudo Manuel Fernandez-Grela Dolores Riveiro-Garcia
author_sort	Roberto Bande-Ramudo
title	Consumption, investment and unemployment: SVAR tests of the effects of changes in the consumption-saving pattern
title_short	Consumption, investment and unemployment: SVAR tests of the effects of changes in the consumption-saving pattern
title_full	Consumption, investment and unemployment: SVAR tests of the effects of changes in the consumption-saving pattern
title_fullStr	Consumption, investment and unemployment: SVAR tests of the effects of changes in the consumption-saving pattern
title_full_unstemmed	Consumption, investment and unemployment: SVAR tests of the effects of changes in the consumption-saving pattern
title_sort	consumption, investment and unemployment: svar tests of the effects of changes in the consumption-saving pattern
publisher	Taylor & Francis Group
series	Cogent Economics & Finance
issn	2332-2039
publishDate	2014-12-01
description	In this paper, we provide evidence supporting the hypothesis that permanent shifts in the consumption-saving pattern will have permanent effects on investment, with subsequent consequences for the unemployment rate, by estimating a structural vector autoregression model for the Spanish economy. Our results suggest a significant impact of consumption shocks on unemployment through changes in investment.
topic	C22—time-series models E2—consumption saving production employment and investment
url	http://dx.doi.org/10.1080/23322039.2014.933676
work_keys_str_mv	AT robertobanderamudo consumptioninvestmentandunemploymentsvartestsoftheeffectsofchangesintheconsumptionsavingpattern AT manuelfernandezgrela consumptioninvestmentandunemploymentsvartestsoftheeffectsofchangesintheconsumptionsavingpattern AT doloresriveirogarcia consumptioninvestmentandunemploymentsvartestsoftheeffectsofchangesintheconsumptionsavingpattern
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Consumption, investment and unemployment: SVAR tests of the effects of changes in the consumption-saving pattern

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