The Marginal Propensity to Consume During the COVID-19 Pandemic: Evidence from Thailand and Vietnam

The Marginal Propensity to Consume During the COVID-19 Pandemic: Evidence from Thailand and Vietnam

In evaluating surveys conducted in Thailand and Vietnam during the COVID-19 pandemic, we find that the marginal propensity to consume is significantly larger for positive than for negative income shocks. This result contradicts a prediction from the lifecycle permanent income model with borrowing co...

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Vydáno v:MAGKS - Joint Discussion Paper Series in Economics (Band 07-2022)
Hlavní autoři: Bui, Dzung, Dräger, Lena, Hayo, Bernd, Nghiem, Giang
Médium: Článek
Jazyk:angličtina
Vydáno: Philipps-Universität Marburg 2022
Témata:
Thailand
Vietnam.
Wirtschaft
Marginal propensity to consume (MPC)
Unanticipated income shocks; COVID-19
Economics
On-line přístup:Plný text ve formátu PDF
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