Consumer Expectations Survey and Quarterly Social Weather Survey: Evidence of Convergent Validity and Causality

• Main Author: Beja, Edsel L, Jr
• Format: text
• Published: Archīum Ateneo 2019
• Subjects: Consumer Expectations Survey; Quarterly Social Weather Survey; convergent validity; cointegration; causality; Toda-Yamamoto procedure; Economics
• Online Access: https://archium.ateneo.edu/economics-faculty-pubs/57; https://www.psai.ph/tps_details.php?id=122
• Institution: Ateneo De Manila University

The paper tests the convergent validity and causality of the Consumer Expectations Survey from the Bangko Sentral ng Pilipinas and the Quarterly Social Weather Survey from the Social Weather Stations. The results indicate that there is convergent validity; and that there is bi-direction causality. F...