全球智库信息集成服务系统(G2TT): Consumption and Precautionary Saving: An Empirical Analysis under Both Financial and Environmental Risks

G2TT

来源类型	FEEM working papers "Note di lavoro" series
规范类型	论文
	Consumption and Precautionary Saving: An Empirical Analysis under Both Financial and Environmental Risks
	Donatella Baiardi; Matteo Manera; Mario Menegatti
发表日期	2011
出处	Climate Change and Sustainable Development
出版年	2011
语种	英语
摘要	This paper studies the empirical relationship between consumption and saving under two different sources of uncertainty: financial risk and environmental risk. The analysis is carried out using time series data for six advanced economies in the period 1965-2007. The results support the theoretical conclusions that both financial risk alone and the interaction between financial and environmental risks affect consumption. Moreover, we suggest a solution to some shortcomings which concern the empirical analysis performed with one-argument utility functions. Finally, we provide new estimates of indexes of relative risk aversion and relative prudence, and relative preference of environmental quality. *** Suggested citation: Donatella Baiardi, Matteo Manera, Mario Menegatti, Consumption and precautionary saving: An empirical analysis under both financial and environmental risks, Economic Modelling, Volume 30, January 2013, Pages 157-166, ISSN 0264-9993, http://dx.doi.org/10.1016/j.econmod.2012.09.006
特色分类	D81;E21;Q50
关键词	Consumption Precautionary Saving Financial Risk Environmental Risk Prudence Relative Risk Aversion Uncertainty
URL	https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/consumption-and-precautionary-saving-an-empirical-analysis-under-both-financial-and-environmental-risks/
来源智库	Fondazione Eni Enrico Mattei (Italy)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/117992
推荐引用方式 GB/T 7714	Donatella Baiardi,Matteo Manera,Mario Menegatti. Consumption and Precautionary Saving: An Empirical Analysis under Both Financial and Environmental Risks. 2011.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
2011726122931Nota_di（71KB）	智库出版物		限制开放	CC BY-NC-SA	浏览
201181947314NDL2011-（519KB）	智库出版物		限制开放	CC BY-NC-SA	浏览