{"id":"https://openalex.org/W3148540202","doi":"https://doi.org/10.56578/jcgirm030204","title":"Determinants of Real Private Consumption Expenditure in Lesotho","display_name":"Determinants of Real Private Consumption Expenditure in Lesotho","publication_year":2016,"publication_date":"2016-08-30","ids":{"openalex":"https://openalex.org/W3148540202","doi":"https://doi.org/10.56578/jcgirm030204","mag":"3148540202"},"language":"en","primary_location":{"id":"doi:10.56578/jcgirm030204","doi":"https://doi.org/10.56578/jcgirm030204","is_oa":true,"landing_page_url":"http://dx.doi.org/10.56578/jcgirm030204","pdf_url":"https://library.acadlore.com/JCGIRM/2016/3/2/JCGIRM_03.02_04.pdf","source":{"id":"https://openalex.org/S4210236706","display_name":"Journal of corporate governance insurance and risk management","issn_l":"2757-0983","issn":["2757-0983","2958-1923"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["anvur-scientific","erih-plus","poland-20"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Corporate Governance, Insurance, and Risk Management","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://library.acadlore.com/JCGIRM/2016/3/2/JCGIRM_03.02_04.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5089476930","display_name":"Lira Peter Sekantsi","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Lira Peter Sekantsi","raw_affiliation_strings":["Central Bank of Lesotho, P.O. Box 1184, Maseru 100, Lesotho"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Central Bank of Lesotho, P.O. Box 1184, Maseru 100, Lesotho","institution_ids":[]}]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5089476930"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":1.6959,"has_fulltext":true,"cited_by_count":12,"citation_normalized_percentile":{"value":0.90938622,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":97},"biblio":{"volume":"3","issue":"2","first_page":"58","last_page":"75"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9750999808311462,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9750999808311462,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.023000000044703484,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11898","display_name":"Economics of Agriculture and Food Markets","score":0.0003000000142492354,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/household-consumption","display_name":"household consumption","score":0.8489999771118164},{"id":"https://openalex.org/keywords/lesotho","display_name":"Lesotho","score":0.9290000200271606},{"id":"https://openalex.org/keywords/income","display_name":"income","score":0.40299999713897705},{"id":"https://openalex.org/keywords/interest-rates","display_name":"interest rates","score":0.8510000109672546},{"id":"https://openalex.org/keywords/inflation","display_name":"inflation","score":0.9990000128746033},{"id":"https://openalex.org/keywords/substitution-effect","display_name":"substitution effect","score":0.6650000214576721},{"id":"https://openalex.org/keywords/income-effects","display_name":"income effects","score":0.9409999847412109},{"id":"https://openalex.org/keywords/absolute-income-hypothesis","display_name":"absolute income hypothesis","score":0.8849999904632568},{"id":"https://openalex.org/keywords/relative-income-hypothesis","display_name":"relative income hypothesis","score":0.996999979019165},{"id":"https://openalex.org/keywords/life-cycle-hypothesis","display_name":"life-cycle hypothesis","score":0.9739999771118164},{"id":"https://openalex.org/keywords/permanent-income-hypothesis","display_name":"permanent income hypothesis","score":0.9980000257492065},{"id":"https://openalex.org/keywords/landlocked-developing-countries","display_name":"landlocked developing countries","score":0.6579999923706055},{"id":"https://openalex.org/keywords/fixed-exchange-rates","display_name":"fixed exchange rates","score":0.6850000023841858}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.8393616676330566},{"id":"https://openalex.org/C145162277","wikidata":"https://www.wikidata.org/wiki/Q1751675","display_name":"Cointegration","level":2,"score":0.7208085060119629},{"id":"https://openalex.org/C30772137","wikidata":"https://www.wikidata.org/wiki/Q5164762","display_name":"Consumption (sociology)","level":2,"score":0.6914664506912231},{"id":"https://openalex.org/C159009313","wikidata":"https://www.wikidata.org/wiki/Q5283159","display_name":"Distributed lag","level":2,"score":0.6748054027557373},{"id":"https://openalex.org/C200890946","wikidata":"https://www.wikidata.org/wiki/Q788096","display_name":"Autonomous consumption","level":3,"score":0.5809651017189026},{"id":"https://openalex.org/C2994347159","wikidata":"https://www.wikidata.org/wiki/Q192270","display_name":"Private consumption","level":3,"score":0.5356096625328064},{"id":"https://openalex.org/C127598652","wikidata":"https://www.wikidata.org/wiki/Q558635","display_name":"Per capita","level":3,"score":0.5065790414810181},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.49263912439346313},{"id":"https://openalex.org/C114350782","wikidata":"https://www.wikidata.org/wiki/Q12638","display_name":"Gross domestic product","level":2,"score":0.48705151677131653},{"id":"https://openalex.org/C154815372","wikidata":"https://www.wikidata.org/wiki/Q1140421","display_name":"Real interest rate","level":3,"score":0.4834040701389313},{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.4745424687862396},{"id":"https://openalex.org/C181683161","wikidata":"https://www.wikidata.org/wiki/Q7301159","display_name":"Real gross domestic product","level":2,"score":0.4743967056274414},{"id":"https://openalex.org/C160443848","wikidata":"https://www.wikidata.org/wiki/Q45918","display_name":"Per capita income","level":2,"score":0.42714792490005493},{"id":"https://openalex.org/C204208750","wikidata":"https://www.wikidata.org/wiki/Q1519415","display_name":"Short run","level":2,"score":0.426346093416214},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.40947744250297546},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.4032604396343231},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.39664706587791443},{"id":"https://openalex.org/C524878704","wikidata":"https://www.wikidata.org/wiki/Q187021","display_name":"Fiscal policy","level":2,"score":0.0999174416065216},{"id":"https://openalex.org/C192250389","wikidata":"https://www.wikidata.org/wiki/Q4692254","display_name":"Aggregate expenditure","level":2,"score":0.08759739995002747},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.0},{"id":"https://openalex.org/C36289849","wikidata":"https://www.wikidata.org/wiki/Q34749","display_name":"Social science","level":1,"score":0.0},{"id":"https://openalex.org/C2908647359","wikidata":"https://www.wikidata.org/wiki/Q2625603","display_name":"Population","level":2,"score":0.0},{"id":"https://openalex.org/C33332235","wikidata":"https://www.wikidata.org/wiki/Q18362","display_name":"Theoretical physics","level":1,"score":0.0},{"id":"https://openalex.org/C149923435","wikidata":"https://www.wikidata.org/wiki/Q37732","display_name":"Demography","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.56578/jcgirm030204","doi":"https://doi.org/10.56578/jcgirm030204","is_oa":true,"landing_page_url":"http://dx.doi.org/10.56578/jcgirm030204","pdf_url":"https://library.acadlore.com/JCGIRM/2016/3/2/JCGIRM_03.02_04.pdf","source":{"id":"https://openalex.org/S4210236706","display_name":"Journal of corporate governance insurance and risk management","issn_l":"2757-0983","issn":["2757-0983","2958-1923"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["anvur-scientific","erih-plus","poland-20"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Corporate Governance, Insurance, and Risk Management","raw_type":"journal-article"},{"id":"pmh:oai:www.um.edu.mt:123456789/67011","doi":null,"is_oa":true,"landing_page_url":"https://www.um.edu.mt/library/oar/handle/123456789/67011","pdf_url":null,"source":{"id":"https://openalex.org/S4306400782","display_name":"OAR@UM (University of Malta)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I197854408","host_organization_name":"University of Malta","host_organization_lineage":["https://openalex.org/I197854408"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"info:eu-repo/semantics/article"}],"best_oa_location":{"id":"doi:10.56578/jcgirm030204","doi":"https://doi.org/10.56578/jcgirm030204","is_oa":true,"landing_page_url":"http://dx.doi.org/10.56578/jcgirm030204","pdf_url":"https://library.acadlore.com/JCGIRM/2016/3/2/JCGIRM_03.02_04.pdf","source":{"id":"https://openalex.org/S4210236706","display_name":"Journal of corporate governance insurance and risk management","issn_l":"2757-0983","issn":["2757-0983","2958-1923"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["anvur-scientific","erih-plus","poland-20"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Corporate Governance, Insurance, and Risk Management","raw_type":"journal-article"},"sustainable_development_goals":[{"score":0.41670000553131104,"id":"https://metadata.un.org/sdg/1","display_name":"No poverty"}],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320320226","display_name":"Overseas Development Institute","ror":"https://ror.org/02res4f29"}],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W3148540202.pdf","grobid_xml":"https://content.openalex.org/works/W3148540202.grobid-xml"},"referenced_works_count":45,"referenced_works":["https://openalex.org/W34026022","https://openalex.org/W219755470","https://openalex.org/W813325513","https://openalex.org/W1511863701","https://openalex.org/W1565760801","https://openalex.org/W1608376899","https://openalex.org/W1753740193","https://openalex.org/W1802710458","https://openalex.org/W1966910378","https://openalex.org/W1986759917","https://openalex.org/W1991218346","https://openalex.org/W1993465240","https://openalex.org/W2035505185","https://openalex.org/W2073367335","https://openalex.org/W2086739523","https://openalex.org/W2108317645","https://openalex.org/W2113433948","https://openalex.org/W2130419232","https://openalex.org/W2150749738","https://openalex.org/W2151659274","https://openalex.org/W2153862817","https://openalex.org/W2156271018","https://openalex.org/W2174106560","https://openalex.org/W2186151581","https://openalex.org/W2189399302","https://openalex.org/W2204112022","https://openalex.org/W2223290675","https://openalex.org/W2242128337","https://openalex.org/W2282994467","https://openalex.org/W2797062887","https://openalex.org/W2891757863","https://openalex.org/W2917041702","https://openalex.org/W2918305250","https://openalex.org/W2922975996","https://openalex.org/W2955450759","https://openalex.org/W3021048521","https://openalex.org/W3122813101","https://openalex.org/W3148703169","https://openalex.org/W3159567777","https://openalex.org/W3206724965","https://openalex.org/W4210515199","https://openalex.org/W4242277454","https://openalex.org/W4255463377","https://openalex.org/W4361867254","https://openalex.org/W7027326081"],"related_works":["https://openalex.org/W2794168740","https://openalex.org/W2937933061","https://openalex.org/W2089681459","https://openalex.org/W167825074","https://openalex.org/W4256458751","https://openalex.org/W2936770284","https://openalex.org/W7026570715","https://openalex.org/W85099533","https://openalex.org/W4384450924","https://openalex.org/W2946795314"],"abstract_inverted_index":{"Using":[0],"the":[1,45,68,114,118,124,128,137,144],"Autoregressive":[2],"Distributed":[3],"Lag":[4],"(ARDL)":[5],"approach":[6],"to":[7,50,133,140],"cointegration,":[8],"an":[9],"error":[10],"correction":[11],"model":[12,129],"(ECM)":[13],"is":[14,24,48,65,93,130],"estimated":[15,138],"for":[16],"real":[17],"private":[18,79,97,102,110],"domestic":[19,34],"consumption":[20,60,103,135],"in":[21,62,67,121,123],"Lesotho.":[22],"Lesotho":[23,122],"one":[25],"of":[26,29,43,52,59,74],"a":[27,53,75],"number":[28],"countries":[30,64],"with":[31,95],"low":[32],"gross":[33],"product":[35],"(GDP)":[36],"per":[37],"capita,":[38],"that":[39,51,90,105,113],"are":[40],"landlocked":[41],"and":[42,84,104,156],"which":[44],"national":[46],"currency":[47],"pegged":[49],"highly":[54],"dominant":[55],"trading":[56],"partner.":[57],"Analysis":[58],"pattern":[61],"such":[63],"scant":[66],"literature.":[69],"This":[70],"paper":[71],"finds":[72],"evidence":[73],"long-run":[76],"relationship":[77],"between":[78],"consumption,":[80,98,111],"income,":[81],"interest":[82,107],"rates,":[83],"inflation.":[85],"The":[86],"empirical":[87],"findings":[88],"suggest":[89],"higher":[91,96,99,106],"income":[92,119,146,150,158],"associated":[94],"inflation":[100],"reduces":[101],"rates":[108],"reduce":[109],"implying":[112],"substitution":[115],"effect":[116,120],"outweighs":[117],"long":[125],"term.":[126],"Although":[127],"not":[131],"designed":[132],"evaluate":[134],"theories,":[136],"parameters":[139],"some":[141],"extent":[142],"support":[143],"absolute":[145],"hypothesis":[147,151,154,159],"(AIH),":[148],"relative":[149],"(RIH),":[152],"life-cycle":[153],"(LCH)":[155],"permanent":[157],"(PIH).":[160]},"counts_by_year":[{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":2},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":1}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2021-04-13T00:00:00"}