CONSUMER CONFIDENCE AND ECONOMIC GROWTH – A CASE STUDY BY KELVIN A SERGEANT. Paper presented at the 4 th Biennial International Conference on Business, Banking and Finance – Theme Restoring Business Confidence & Investments in the Caribbean June 22 – 24, 2011
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Paper presented at the 4th Biennial International Conference on Business, Banking and Finance – Theme
Restoring Business Confidence & Investments in the Caribbean
June 22 – 24, 2011
Hilton Trinidad and Conference Centre
This paper also employs some unconventional methodology by assessing the determinants of consumer confidence in Trinidad and Tobago so that the functional identity of consumer confidence is revealed. This is important for three reasons.
The results indicate that the CCI, ∆GDP and ER are stationary in levels, while IR is non-stationary in levels. Hence, a long run equilibrium relationship among the variables cannot be established