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Empirical Evaluation Of The 2001 And 2003 Tax Cut Policies On Personal Consumption: Long Run Impact, Fatoumata Diarrassouba
Empirical Evaluation Of The 2001 And 2003 Tax Cut Policies On Personal Consumption: Long Run Impact, Fatoumata Diarrassouba
Fatoumata Diarrassouba
This paper examines the effect of the two tax cuts enacted by President Bush in 2001 and 2003 on consumer spending over time. Our analysis, using macroeconomic variables affecting consumer spending, is based on a sample of 210 time series quarterly data of the U.S. population from 1960 to 2012. The previous studies based on the original consumption model defines consumption depends according to disposable income and autonomous consumption but fail to consider the omitted variables resulting from the negative intercept. This research paper uses an instrumental variable, independent from consumption, incorporated in the different models in order to prevent …
Empirical Evaluation Of The 2001 And 2003 Tax Cut Policies On Personal Consumption: Long Run Impact And Forecasting, Fatoumata Diarrassouba
Empirical Evaluation Of The 2001 And 2003 Tax Cut Policies On Personal Consumption: Long Run Impact And Forecasting, Fatoumata Diarrassouba
Fatoumata Diarrassouba
This paper examines the effect of the two tax cuts enacted by President Bush in 2001 and 2003 on consumer spending over time. Our analysis, using macroeconomic variables affecting consumer spending, is based on a sample of 210 time series quarterly data of the U.S. population from 1960 to 2012. The previous studies based on the original consumption model defines consumption depends according to disposable income and autonomous consumption but fail to consider the omitted variables resulting from the negative intercept. This research paper uses an instrumental variable, independent from consumption, incorporated in the different models in order to prevent …
Effects Of Multicollinearity On The Estimation Of Macroeconomic Variables: Using Data From Sudan, Professor Issam A.W. Mohamed
Effects Of Multicollinearity On The Estimation Of Macroeconomic Variables: Using Data From Sudan, Professor Issam A.W. Mohamed
Professor Issam A.W. Mohamed
The problem of multicollinearity in the assessments of coefficients is well established. However, it is rarely researched in the estimations of macroeconomic variables and economic performance of developing countries. Predicatively, it has impacts on the estimations of coefficients that should be used in economic decisions, strategic planning and if researchers are more industrious estimations of monetary supplies and demands. All such parameters are very basic and essential in economic plannings and their applications should be done not only in research but in ground applications of the specialized authorities, e.g., Ministries of Finance, Central Banks, Pricing Units, etc. However, that is …