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Simona Bigerna 《Atlantic Economic Journal》2012,40(4):439-440
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ABSTRACTWe estimate a micro-founded life-cycle consumption model for Saudi Arabia over the period 1970–2017 using error correction model procedures. Dynamic adjustments are significant, and both income and wealth are found to have significant effects, with a long-run marginal propensity to consume out of the income of 0.95 and out of the wealth of 0.06. The sensitivity of consumption to income and wealth, as well as the estimated short-term effects of price and real interest rate, are consistent with the rapidly growing Saudi economy. By capturing the key determinants of the life-cycle model, our approach is useful for the design of macroeconomic policy. We estimate the impact of the recent VAT reform. 相似文献
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Bigerna Simona D’Errico Maria Chiara Polinori Paolo 《Environmental and Resource Economics》2022,83(2):445-479
Environmental and Resource Economics - Climate change and greenhouse gas emissions have become increasingly more pressing environmental concerns in European policy agenda. Environmental energy... 相似文献
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