Unanticipated income and consumption in ASEAN countries

John Thornton and Philip Molyneux ()

Applied Economics Letters, 1996, vol. 3, issue 4, 247-249

Abstract: This note tests the rational expectations-permanent income hypothesis for the six ASEAN countries using the methodology developed by Hall and Flavin. The statistical evidence rejects the hypothesis for each country except Singapore.

Date: 1996
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DOI: 10.1080/758520873

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