...Gabriel Caldas Montes; Vitor Manuel Araújo da Fonseca Purpose This study aims to analyze the impact of financial development (FD) on consumption. The authors investigate the individual effects of the development of financial institutions (FI) and financial markets (FM) on consumption, since...

... on private savings and private consumption is the main driver of the saving/investment balance. In contrast, private savings seem to be better mobilized to finance private investment and the latter is the main driver of the saving/investment balance in advanced countries. Deterioration in the current account...

...Jeffrey A. Edwards; Jennis J. Biser Purpose The purpose of this paper is to investigate the level of influence that civil liberties has on the marginal effect of remittances on gross domestic investment and consumption separately and measures it across all levels of civil liberties. Design...

...Magda Kandil; Ida Aghdas Mirzaie Purpose The paper aims to examine asymmetry in the cyclical behavior of private consumption in a sample of nine developing countries in the Middle East. Design/methodology/approach The empirical model includes three policy variables: government spending...