Citation

Caporale, Guglielmo Maria and Gil-Alana, Luis Alberiko and Solarin, Sakiru Adebola (2025) Persistence in US real personal consumption expenditure: durable versus nondurable goods. Economics Bulletin, 45 (2). pp. 1100-1106. ISSN 1545-2921

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Abstract

This note examines persistence in US real personal consumption expenditure, distinguishing between durable and nondurable goods. For this purpose, fractional integration methods are applied to analyse data over the period from 1965q3 to 2024q4. The results suggest that seasonality is not an important feature of the two series. Further, while durables are characterised by short memory, non-durables exhibit long memory with a statistically significant and positive fractional integration parameter. This indicates that the effects of shocks last longer in the case of nondurables compared to durables.

Item Type:	Article
Uncontrolled Keywords:	Consumption expenditure
Subjects:	H Social Sciences > HB Economic theory. Demography > HB3711-3840 Business cycles. Economic fluctuations
Divisions:	Faculty of Business (FOB)
Depositing User:	Ms Rosnani Abd Wahab
Date Deposited:	30 Sep 2025 07:43
Last Modified:	06 Oct 2025 03:47
URII:	http://shdl.mmu.edu.my/id/eprint/14598

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