Investigation of asymmetric impulse responses between average consumption propensity and average food consumption propensity of household in Korea
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Ahn, Byeong-Il | - |
dc.date.accessioned | 2021-09-01T22:50:43Z | - |
dc.date.available | 2021-09-01T22:50:43Z | - |
dc.date.created | 2021-06-19 | - |
dc.date.issued | 2019 | - |
dc.identifier.issn | 0139-570X | - |
dc.identifier.uri | https://scholar.korea.ac.kr/handle/2021.sw.korea/68981 | - |
dc.description.abstract | Average consumption propensity (ACP) and average food consumption propensity (AFCP) are important indices for implementing macroeconomic and food policies. The present paper investigates the existence of asymmetric responses of ACP and AFCP to positive and negative shocks of each series in Korea. According to the estimation results of the Structural Vector Autoregression (SVAR) model, ACP and AFCP are analysed to have asymmetric responses to negative and positive shocks, regardless of whether the shock is imposed on the own or on the other series. The derived absolute values of the responses indicate that ACP is more influenced by AFCP, which implies that a shock on AFCP is more permanent than one on ACP. The responses of ACP and AFCP appear to be lower during the period after 1998 when the Asian financial crisis occurred. This implies that not only food consumption, but also overall consumption of households became stabilised after the Asian financial crisis. | - |
dc.language | English | - |
dc.language.iso | en | - |
dc.publisher | CZECH ACADEMY AGRICULTURAL SCIENCES | - |
dc.subject | DEMAND | - |
dc.title | Investigation of asymmetric impulse responses between average consumption propensity and average food consumption propensity of household in Korea | - |
dc.type | Article | - |
dc.contributor.affiliatedAuthor | Ahn, Byeong-Il | - |
dc.identifier.doi | 10.17221/287/2018-AGRICECON | - |
dc.identifier.scopusid | 2-s2.0-85073463960 | - |
dc.identifier.wosid | 000487824900003 | - |
dc.identifier.bibliographicCitation | AGRICULTURAL ECONOMICS-ZEMEDELSKA EKONOMIKA, v.65, no.9, pp.415 - 424 | - |
dc.relation.isPartOf | AGRICULTURAL ECONOMICS-ZEMEDELSKA EKONOMIKA | - |
dc.citation.title | AGRICULTURAL ECONOMICS-ZEMEDELSKA EKONOMIKA | - |
dc.citation.volume | 65 | - |
dc.citation.number | 9 | - |
dc.citation.startPage | 415 | - |
dc.citation.endPage | 424 | - |
dc.type.rims | ART | - |
dc.type.docType | Article | - |
dc.description.journalClass | 1 | - |
dc.description.journalRegisteredClass | scie | - |
dc.description.journalRegisteredClass | ssci | - |
dc.description.journalRegisteredClass | scopus | - |
dc.relation.journalResearchArea | Agriculture | - |
dc.relation.journalResearchArea | Business & Economics | - |
dc.relation.journalWebOfScienceCategory | Agricultural Economics & Policy | - |
dc.relation.journalWebOfScienceCategory | Economics | - |
dc.subject.keywordPlus | DEMAND | - |
dc.subject.keywordAuthor | food consumption | - |
dc.subject.keywordAuthor | household expenditure | - |
dc.subject.keywordAuthor | Structural Vector Autoregression model | - |
Items in ScholarWorks are protected by copyright, with all rights reserved, unless otherwise indicated.
(02841) 서울특별시 성북구 안암로 14502-3290-1114
COPYRIGHT © 2021 Korea University. All Rights Reserved.
Certain data included herein are derived from the © Web of Science of Clarivate Analytics. All rights reserved.
You may not copy or re-distribute this material in whole or in part without the prior written consent of Clarivate Analytics.