@Article{pakinsight,
AUTHOR = {},
TITLE = {The Nexus between Financial Crisis and Household Consumption: Evidence from Emerging Countries},
JOURNAL = {Journal of Social Economics Research},
VOLUME = {1},
YEAR = {2014},
NUMBER = {8},
PAGES = {169-179},
URL = {http://www.pakinsight.com/archive/35/08-2014/8},
ISSN = {2312-6264},
ABSTRACT = {This paper stains to test the effects of financial crisis on household consumption. More specifically, an aggregate annual data from 36 emerging countries from 1990-2012, is used to estimate a model that capture the interrelationship between financial crisis and household consumption. Our findings show that emerging countries that have experienced financial crisis during the last three decades tend to experience a substantially greater contraction of their consumption level. Whatever the type of crisis considered, they are generally followed by a substantial contraction of their welfare. More specifically, banking crisis, in contrast to the currency ones, appears to have a more important impact on the standard living household. On the other hand, twin crisis seems to have a more pronounced impact than the two first ones.},
DOI = {}
}