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Empirical Tests of the Rational Expectations — Permanent Income Hypothesis: Evidence from Pakistan

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  • Ahmed M. Khalid

    (National University of Singapore, Singapore.)

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  • Ahmed M. Khalid, 1994. "Empirical Tests of the Rational Expectations — Permanent Income Hypothesis: Evidence from Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 33(4), pages 1043-1053.
    • Handle: RePEc:pid:journl:v:33:y:1994:i:4:p:1043-1053
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    File URL: http://www.pide.org.pk/pdf/PDR/1994/Volume4/1043-1053.pdf
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    References listed on IDEAS

    as
    1. Hall, Robert E, 1978. "Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence," Journal of Political Economy, University of Chicago Press, vol. 86(6), pages 971-987, December.
    2. Davidson, James E. H. & Hendry, David F., 1981. "Interpreting econometric evidence : The behaviour of consumers' expenditure in the UK," European Economic Review, Elsevier, vol. 16(1), pages 177-192.
    3. Chow, Gregory C, 1985. "A Model of Chinese National Income Determination," Journal of Political Economy, University of Chicago Press, vol. 93(4), pages 782-792, August.
    4. Craigwell, Roland C. & Rock, Llewyn L., 1992. "Evaluating the rational expectations/permanent income hypothesis: Evidence from Caribbean countries," The North American Journal of Economics and Finance, Elsevier, vol. 3(1), pages 21-37.
    5. Haque, Nadeem U & Montiel, Peter, 1989. "Consumption in Developing Countries: Tests for Liquidity Constraintsand Finite Horizons," The Review of Economics and Statistics, MIT Press, vol. 71(3), pages 408-415, August.
    6. Aqdas Ali Kazmi, 1992. "Ricardian Equivalence: Some Macro-econometric Tests for Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 31(4), pages 743-758.
    7. Raut, Lakshmi & Virmani, Arvind, 1989. "Determinants of Consumption and Savings Behavior in Developing Countries," The World Bank Economic Review, World Bank, vol. 3(3), pages 379-393, September.
    8. Flavin, Marjorie A, 1981. "The Adjustment of Consumption to Changing Expectations about Future Income," Journal of Political Economy, University of Chicago Press, vol. 89(5), pages 974-1009, October.
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    Cited by:

    1. Syed AMMAD* & Qazi Masood AHMED**, 2018. "AGGREGATE CONSUMPTION IN PAKISTAN: Revisiting the Permanent-Income Hypothesis under Adaptive Expectation Model," Pakistan Journal of Applied Economics, Applied Economics Research Centre, vol. 28(1), pages 33-46.
    2. Hina, Hafsa, 2017. "Household Consumption Behavior in Pakistan under the Shadow of Personal Insecurity," MPRA Paper 77410, University Library of Munich, Germany.

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