Globalization of Consumer Confidence
Sadullah Çelik () and
Pınar Deniz ()
Additional contact information
Sadullah Çelik: Corresponding author Marmara University, Faculty of Economics, Department of Economics, Istanbul, Turkey
Pınar Deniz: Marmara University, Faculty of Economics, Department of Economics, Istanbul, Turkey
Panoeconomicus, 2017, vol. 64, issue 3, 337-352
The globalization of world economies and the importance of nowcasting analysis have been at the core of the recent literature. Nevertheless, these two strands of research are hardly coupled. This study aims to fill this gap through examining the globalization of the consumer confidence index (CCI) by applying conventional and unconventional econometric methods. The US CCI is used as the benchmark in tests of comovement among the CCIs of several developing and developed countries, with the data sets divided into three sub-periods: global liquidity abundance, the Great Recession, and postcrisis. The existence and/or degree of globalization of the CCIs vary according to the period, whereas globalization in the form of coherence and similar paths is observed only during the Great Recession and, surprisingly, stronger in developing/emerging countries.
Keywords: Consumer confidence; Emerging markets; Advanced economies; Wavelet comovement analysis (search for similar items in EconPapers)
JEL-codes: C22 E20 G01 O57 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
http://www.panoeconomicus.rs/casopis/2017_3/05%20- ... %20Pinar%20Deniz.pdf (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:voj:journl:v:64:y:2017:i:3:p:337-352
Access Statistics for this article
Panoeconomicus is currently edited by Kosta Josifidis
More articles in Panoeconomicus from Savez ekonomista Vojvodine, Novi Sad, Serbia
Series data maintained by Ivana Horvat (). This e-mail address is bad, please contact .