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The alternative asymmetric behaviour of Australian consumers' expenditure

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  • Steven Cook

Abstract

In this letter tests for asymmetric dynamic behaviour are applied to Australian consumers expenditure. In contrast to recent findings for the UK provided by the seminal work of Holly and Stannett (1995), where asymmetric behaviour is found in the form of heightened levels during booms, Australian consumers expenditure exhibits asymmetry in the form of rapid falls in recessionary periods. These results are indicative of differing expectations and/or attitudes towards risk between the two sets of consumers.

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  • Steven Cook, 2000. "The alternative asymmetric behaviour of Australian consumers' expenditure," Applied Economics Letters, Taylor & Francis Journals, vol. 7(6), pages 349-352.
    • Handle: RePEc:taf:apeclt:v:7:y:2000:i:6:p:349-352
    DOI: 10.1080/135048500351258
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    Cited by:

    1. Steven Cook & Alan Speight, 2006. "Time deformation in UK consumers' expenditure: an empirical analysis of highly disaggregated data," Applied Economics Letters, Taylor & Francis Journals, vol. 13(8), pages 471-478.
    2. Steven Cook, 2000. "An International Perspective on Asymmetries in Consumers' Expenditure," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 27(3), pages 283-293, September.

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