The Nexus between Financial Crisis and Household Consumption: Evidence from Emerging Countries

Abdelhafidh Dhrifi

Journal of Social Economics Research, 2014, vol. 1, issue 8, 169-179

Abstract: This paper stains to test the effects of financial crisis on household consumption. More specifically, an aggregate annual data from 36 emerging countries from 1990-2012, is used to estimate a model that capture the interrelationship between financial crisis and household consumption. Our findings show that emerging countries that have experienced financial crisis during the last three decades tend to experience a substantially greater contraction of their consumption level. Whatever the type of crisis considered, they are generally followed by a substantial contraction of their welfare. More specifically, banking crisis, in contrast to the currency ones, appears to have a more important impact on the standard living household. On the other hand, twin crisis seems to have a more pronounced impact than the two first ones.

Keywords: Financial crisis; Currency crisis; Twin crisis; Consumption; Well being; Emerging countries (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pkp:josere:v:1:y:2014:i:8:p:169-179:id:1304

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