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Are consumers Ricardian? Evidence for Canada

Authors
Journal
The Quarterly Review of Economics and Finance
1062-9769
Publisher
Elsevier
Publication Date
Volume
34
Issue
1
Identifiers
DOI: 10.1016/1062-9769(94)90051-5

Abstract

Abstract This research derives three empirical implications of a well-specified model of consumer behavior, a model that nests both the possibility that consumers are Ricardian and an alternative theory. The hypothesis that consumers are Ricardian is then tested against this alternative hypothesis. The tests reveal that the hypothesis that consumers are Ricardian cannot be rejected. Moreover, even if Canadians are not Ricardian consumers, their behavior is unlikely to differ much from that of Ricardian consumers.

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