A Comparative Study on Consumption Functions: The Case of the European Union
Yıl: 2020 Cilt: 20 Sayı: 3 Sayfa Aralığı: 167 - 178 Metin Dili: İngilizce DOI: 10.21121/eab.793411 İndeks Tarihi: 04-05-2021
A Comparative Study on Consumption Functions: The Case of the European Union
Öz: The consumption function describes the relationship between consumption expenditures and income. As is well known,the distribution of macroeconomic data such as income and consumption is unequal. Accordingly, estimators derivedfrom linear models may be inefficient. This study attempted to reach efficient estimators, using gamma distribution,within the limits of this study. The main purpose of this study is to estimate parameters of mainstream consumptionfunctions using the panel-data of EU members and negotiating countries. Using data from the World Bank, the EuropeanUnion Macroeconomic Database (AMECO), and the Bank of International Settlement (BIS), consumption functionswere estimated by the Generalized Linear Model (GLM) approach. The reliability of the estimators was tested withthe Generalized Moments Method (GMM). Furthermore, the study uses GLM, based on machine learning, to obtainrobust estimators for overfitting. Findings of all three methods are compatible with each other and the “PermanentIncome” hypothesis verified.
Anahtar Kelime: Belge Türü: Makale Makale Türü: Araştırma Makalesi Erişim Türü: Erişime Açık
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| APA | BİLİK M, KÖK R (2020). A Comparative Study on Consumption Functions: The Case of the European Union. , 167 - 178. 10.21121/eab.793411 |
| Chicago | BİLİK Mustafa,KÖK Recep A Comparative Study on Consumption Functions: The Case of the European Union. (2020): 167 - 178. 10.21121/eab.793411 |
| MLA | BİLİK Mustafa,KÖK Recep A Comparative Study on Consumption Functions: The Case of the European Union. , 2020, ss.167 - 178. 10.21121/eab.793411 |
| AMA | BİLİK M,KÖK R A Comparative Study on Consumption Functions: The Case of the European Union. . 2020; 167 - 178. 10.21121/eab.793411 |
| Vancouver | BİLİK M,KÖK R A Comparative Study on Consumption Functions: The Case of the European Union. . 2020; 167 - 178. 10.21121/eab.793411 |
| IEEE | BİLİK M,KÖK R "A Comparative Study on Consumption Functions: The Case of the European Union." , ss.167 - 178, 2020. 10.21121/eab.793411 |
| ISNAD | BİLİK, Mustafa - KÖK, Recep. "A Comparative Study on Consumption Functions: The Case of the European Union". (2020), 167-178. https://doi.org/10.21121/eab.793411 |
| APA | BİLİK M, KÖK R (2020). A Comparative Study on Consumption Functions: The Case of the European Union. Ege Akademik Bakış, 20(3), 167 - 178. 10.21121/eab.793411 |
| Chicago | BİLİK Mustafa,KÖK Recep A Comparative Study on Consumption Functions: The Case of the European Union. Ege Akademik Bakış 20, no.3 (2020): 167 - 178. 10.21121/eab.793411 |
| MLA | BİLİK Mustafa,KÖK Recep A Comparative Study on Consumption Functions: The Case of the European Union. Ege Akademik Bakış, vol.20, no.3, 2020, ss.167 - 178. 10.21121/eab.793411 |
| AMA | BİLİK M,KÖK R A Comparative Study on Consumption Functions: The Case of the European Union. Ege Akademik Bakış. 2020; 20(3): 167 - 178. 10.21121/eab.793411 |
| Vancouver | BİLİK M,KÖK R A Comparative Study on Consumption Functions: The Case of the European Union. Ege Akademik Bakış. 2020; 20(3): 167 - 178. 10.21121/eab.793411 |
| IEEE | BİLİK M,KÖK R "A Comparative Study on Consumption Functions: The Case of the European Union." Ege Akademik Bakış, 20, ss.167 - 178, 2020. 10.21121/eab.793411 |
| ISNAD | BİLİK, Mustafa - KÖK, Recep. "A Comparative Study on Consumption Functions: The Case of the European Union". Ege Akademik Bakış 20/3 (2020), 167-178. https://doi.org/10.21121/eab.793411 |
