RT Journal Article
T1 Persistence in Consumption Across Europe: Evidence Using Fractional Integration
A1 Gil-Alana, Luis A.
A1 López Martínez, Gema
AB This paper employs fractional integration methods to investigate the degree of persistence in consumption in a group of 33 European countries using data on annual final consumption expenditure of households and non-profit institutions serving households for the period 1960-2021. The results show no evidence of mean reversion in consumption levels over time, as all the series are fractionally integrated. This indicates very high levels of persistence. Special attention should be paid to several southern European countries, which present some of the highest degrees of integration. This suggests that shocks or changes in the consumption levels in these economies, whether positive or negative, tend to have a more enduring impact compared to other parts of Europe.
PB Sciendo
YR 2025
FD 2025-04
LK https://hdl.handle.net/20.500.14352/126201
UL https://hdl.handle.net/20.500.14352/126201
LA eng
NO Lopez, G., & Gil-Alana, L. A. (2025). Persistence in Consumption Across Europe: Evidence Using Fractional Integration. Intereconomics, 60(2), 119-125.
NO financial support from the MINEIC-AEI-FEDER PID2020-113691RB-I00 project from Ministerio de Economía, Industria y Competitividad (MINEIC), Agencia Estatal de Investigación (AEI), Spain and Fondo Europeo de Desarrollo Regional (FEDER).
DS Docta Complutense
RD 30 dic 2025