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The Effect Of Crude Oil Prices On Personal Consumption Expenditure, Eileen Cooney
The Effect Of Crude Oil Prices On Personal Consumption Expenditure, Eileen Cooney
Economics Student Scholarship
Eileen Cooney ’23
Majors: Quantitative Economics and Political Science
Minor: Finance
Faculty Mentor: Dr. Fang Dong, Economics
The author used the time series models to analyze how growth of personal consumption expenditure is influenced by financial and economic determinants. Results show that both oil price and consumer sentiment play important roles in influencing consumption growth.