Persistence in China’s household consumption level: implications for the new growth model

Gloria Claudio-Quiroga (), Luis Gil-Alana and Andoni Maiza Larrarte ()
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Gloria Claudio-Quiroga: Universidad Francisco de Vitoria, Universidad Francisco de Vitoria, Carretera
Andoni Maiza Larrarte: University of the Basque Country UPV/EHU

Journal of Economics and Finance, 2025, vol. 49, issue 1, No 12, 283-298

Abstract: Abstract In this paper, we investigate the statistical features of China’s household consumption level by calculating its degree of persistence and testing for the existence of trends in the data. Further, we contrast the results obtained in China with those corresponding to the G7 economies and in the other three countries that make up the fastest developing BRICs group, that is, Brazil, Russia and India. Our results show large degrees of heterogeneity depending on the country and the model used for the analysis though, in general, lower degrees of dependence and thus, more evidence of transitory shocks is observed in China and the rest of BRIC economies than in the G7 countries.

Keywords: China; Consumption; Household; Persistence; Time trends (search for similar items in EconPapers)
JEL-codes: C25 F21 F64 (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/s12197-025-09709-x

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