The Asymmetric Effects of Consumer Confidence on Credit Card Spending in Turkey

Ali İlhan

Makale detayları

The Asymmetric Effects of Consumer Confidence on Credit Card Spending in Turkey

Yazarlar:

Ali İlhan

Yayıncı:

Bandirma Onyedi Eylul University

Ana Başlıklar:

Finans ve Yatırım (Diğer)

Dergi:

Yönetim ve Ekonomi Araştırmaları Dergisi Vol.22 Issue 1, pp.101-114

Belge Tipi:

Makale

Yayın Tarihi:

3/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001313997

pISSN:

2148-029X

Anahtar kelimeler:

Özet:

 This paper analyzes the asymmetric effects of consumer confidence on personal credit card expenditures in Turkey. To this end, the impact of the consumer confidence index on real credit card spending is investigated from January 2013 to June 2023 using the threshold generalized method of moments GMM. The linear GMM model findings indicate that consumer confidence increases real credit card expenditures. Furthermore, when the threshold GMM model is estimated using the annual percentage change of the consumer confidence index as a threshold variable, the coefficients differ across low- and high-confidence regimes. More specifically, the consumer confidence index has a statistically significant positive impact on credit card expenditure in the low-confidence regime but not in the high-confidence regime. This indicates that the optimistic expectations of economic units in a low-confidence environment may stimulate credit card spending.

 This paper analyzes the asymmetric effects of consumer confidence on personal credit card expenditures in Turkey. To this end, the impact of the consumer confidence index on real credit card spending is investigated from January 2013 to June 2023 using the threshold generalized method of moments GMM. The linear GMM model findings indicate that consumer confidence increases real credit card expenditures. Furthermore, when the threshold GMM model is estimated using the annual percentage change of the consumer confidence index as a threshold variable, the coefficients differ across low- and high-confidence regimes. More specifically, the consumer confidence index has a statistically significant positive impact on credit card expenditure in the low-confidence regime but not in the high-confidence regime. This indicates that the optimistic expectations of economic units in a low-confidence environment may stimulate credit card spending.

 This paper analyzes the asymmetric effects of consumer confidence on personal credit card expenditures in Turkey. To this end, the impact of the consumer confidence index on real credit card spending is investigated from January 2013 to June 2023 using the threshold generalized method of moments GMM. The linear GMM model findings indicate that consumer confidence increases real credit card expenditures. Furthermore, when the threshold GMM model is estimated using the annual percentage change of the consumer confidence index as a threshold variable, the coefficients differ across low- and high-confidence regimes. More specifically, the consumer confidence index has a statistically significant positive impact on credit card expenditure in the low-confidence regime but not in the high-confidence regime. This indicates that the optimistic expectations of economic units in a low-confidence environment may stimulate credit card spending.

 This paper analyzes the asymmetric effects of consumer confidence on personal credit card expenditures in Turkey. To this end, the impact of the consumer confidence index on real credit card spending is investigated from January 2013 to June 2023 using the threshold generalized method of moments GMM. The linear GMM model findings indicate that consumer confidence increases real credit card expenditures. Furthermore, when the threshold GMM model is estimated using the annual percentage change of the consumer confidence index as a threshold variable, the coefficients differ across low- and high-confidence regimes. More specifically, the consumer confidence index has a statistically significant positive impact on credit card expenditure in the low-confidence regime but not in the high-confidence regime. This indicates that the optimistic expectations of economic units in a low-confidence environment may stimulate credit card spending.

Makale detayları

The Asymmetric Effects of Consumer Confidence on Credit Card Spending in Turkey

Yazarlar:

Ali İlhan

Yayıncı:

Bandirma Onyedi Eylul University

Ana Başlıklar:

Finans ve Yatırım (Diğer)

Dergi:

Yönetim ve Ekonomi Araştırmaları Dergisi Vol.22 Issue 1, pp.101-114

Belge Tipi:

Makale

Yayın Tarihi:

3/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001313997

pISSN:

2148-029X

Consumer Confidence

Credit Card Spending

Threshold GMM

Turkey

Sayı

Makale detayları

The Asymmetric Effects of Consumer Confidence on Credit Card Spending in Turkey

Yazarlar: Ali İlhan

Yayıncı: Bandirma Onyedi Eylul University

Ana Başlıklar: Finans ve Yatırım (Diğer)

Dergi: Yönetim ve Ekonomi Araştırmaları Dergisi Vol.22 Issue 1, pp.101-114

Belge Tipi: Makale

Yayın Tarihi: 3/2024

Belge Dili: İngilizce

Document ID (Org No.): 2001313997

pISSN: 2148-029X

Consumer Confidence

Credit Card Spending

Threshold GMM

Turkey

Sayı

Yazarlar:

Ali İlhan

Yayıncı:

Bandirma Onyedi Eylul University

Ana Başlıklar:

Finans ve Yatırım (Diğer)

Dergi:

Yönetim ve Ekonomi Araştırmaları Dergisi Vol.22 Issue 1, pp.101-114

Belge Tipi:

Makale

Yayın Tarihi:

3/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001313997

pISSN:

2148-029X