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Persistence in China’s household consumption level: implications for the new growth model

Author

Listed:
  • Gloria Claudio-Quiroga

    (Universidad Francisco de Vitoria, Universidad Francisco de Vitoria, Carretera)

  • Luis Alberiko Gil-Alana

    (University of Navarra and Universidad Francisco de Vitoria, University of Navarra)

  • Andoni Maiza Larrarte

    (University of the Basque Country UPV/EHU)

Abstract

In this paper, we investigate the statistical features of China’s household consumption level by calculating its degree of persistence and testing for the existence of trends in the data. Further, we contrast the results obtained in China with those corresponding to the G7 economies and in the other three countries that make up the fastest developing BRICs group, that is, Brazil, Russia and India. Our results show large degrees of heterogeneity depending on the country and the model used for the analysis though, in general, lower degrees of dependence and thus, more evidence of transitory shocks is observed in China and the rest of BRIC economies than in the G7 countries.

Suggested Citation

  • Gloria Claudio-Quiroga & Luis Alberiko Gil-Alana & Andoni Maiza Larrarte, 2025. "Persistence in China’s household consumption level: implications for the new growth model," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 49(1), pages 283-298, March.
    • Handle: RePEc:spr:jecfin:v:49:y:2025:i:1:d:10.1007_s12197-025-09709-x
    DOI: 10.1007/s12197-025-09709-x
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    More about this item

    Keywords

    China; Consumption; Household; Persistence; Time trends;
    All these keywords.

    JEL classification:

    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
    • F64 - International Economics - - Economic Impacts of Globalization - - - Environment
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements

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