Multi-horizon financial and housing wealth effects across the U.S. States
| dc.contributor.author | Coskun, Yener | |
| dc.contributor.author | Bouras, Christos | |
| dc.contributor.author | Gupta, Rangan | |
| dc.contributor.author | Wohar, Mark | |
| dc.contributor.email | rangan.gupta@up.ac.za | en_US |
| dc.date.accessioned | 2022-09-21T07:39:40Z | |
| dc.date.available | 2022-09-21T07:39:40Z | |
| dc.date.issued | 2021-01-28 | |
| dc.description.abstract | We investigate for the presence of multi-horizon wealth effects across U.S. states over the period of 1975:Q2 to 2012:Q2 by utilizing multi-horizon non-causality testing and multi-horizon causality measurement. At the state/aggregate level, we document that housing wealth has more statistically significant and persistent impact on private consumption than financial wealth. We also find that state-level housing/financial wealth effects are present at long time horizons and exhibit heterogeneity across the U.S. From a policy perspective, we suggest that state-level policies may specifically utilize the housing market to support consumption and growth. | en_US |
| dc.description.department | Economics | en_US |
| dc.description.uri | https://www.mdpi.com/journal/sustainability | en_US |
| dc.identifier.citation | Coskun, Y.; Bouras, C.; Gupta, R.; Wohar, M.E. Multi-Horizon Financial and Housing Wealth Effects across the U.S. States. Sustainability 2021, 13, 1341. https://doi.org/10.3390/su13031341. | en_US |
| dc.identifier.issn | 2071-1050 (online) | |
| dc.identifier.other | 10.3390/su13031341 | |
| dc.identifier.uri | https://repository.up.ac.za/handle/2263/87254 | |
| dc.language.iso | en | en_US |
| dc.publisher | MDPI | en_US |
| dc.rights | © 2021 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license. | en_US |
| dc.subject | Consumption | en_US |
| dc.subject | Housing wealth effect | en_US |
| dc.subject | Financial wealth effect | en_US |
| dc.subject | Multi-step causality | en_US |
| dc.title | Multi-horizon financial and housing wealth effects across the U.S. States | en_US |
| dc.type | Article | en_US |
