A Comparison of Consumer and Retail Trade Confidence Indicators for Predicting Household Expenditure in the U.K.

Gausden, R. and Hasan, Mohammad S (2012) A Comparison of Consumer and Retail Trade Confidence Indicators for Predicting Household Expenditure in the U.K. Empirical Economics Letters, 11 (7). pp. 669-676. ISSN 1681-8997. (Full text available)

PDF (A Comparison of Consumer and Retail Trade Confidence Indicators for Predicting Household Expenditure in the UK) - Author's Accepted Manuscript
Download (336kB) Preview
[img]
Preview
Official URL
http://www.eel.my100megs.com/volume-11-number-7.ht...

Abstract

The objective of this paper is to compare the usefulness of two confidence indicators for the purpose of predicting spending by households in the UK. Concern is with six different types of consumption expenditure. In contrast to earlier studies, conclusions are founded upon a post-sample, as well as a within-sample, analysis. The fundamental result which is obtained is that the GfK measure of consumer confidence generally outperforms the European Commission’s indicator of confidence within the retail sector.

Item Type: Article
Uncontrolled keywords: Consumption, Consumer Confidence, Forecast Encompassing
Subjects: H Social Sciences
Divisions: Faculties > Social Sciences > Kent Business School > Accounting and Finance
Depositing User: Mohammad Hasan
Date Deposited: 26 Apr 2012 09:33
Last Modified: 23 Feb 2016 14:11
Resource URI: https://kar.kent.ac.uk/id/eprint/29356 (The current URI for this page, for reference purposes)
  • Depositors only (login required):

Downloads

Downloads per month over past year

Downloads

Downloads per month over past year