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El Consumo Privado y Público Déficit en América Latina: Teoría y Prueba Ricardian Equivalencia Hipótesis

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  • Betancourt-Gómez, Michel Eduardo

    (Universidad Nacional Autonoma de México)

Abstract

El escrito aporta un análisis teórico y empírico sobre la hipótesis de equivalencia ricardiana, argumento que supone la neutralidad de un déficit público sobre el consumo individual. El análisis teórico resume las diversas controversias que esta teoría ha generado entre los economistas y su confrontación con las teorías clásica y keynesiana. El análisis empírico aporta una evaluación del cumplimiento de la hipótesis para el caso de 11 países de América Latina y se contrasta frente al modelo de consumo keynesiano. Mediante un modelo de datos panel se estiman las relaciones de largo plazo de los modelos de equivalencia ricardiana y keynesiano. Se concluye que los consumidores en Latinoamérica no tienen en cuenta la forma de financiamiento público al momento de consumir. / This brief provides a theoretical and empirical analysis of the Ricardian Equivalence Hypothesis, this argument implies the neutrality of public deficit over the individual consumption. The theoretical analysis summarizes the various controversies that this theory has generated among economists and their confrontation with the classical and Keynesian theories. The empirical analysis provides an assessment of compliance of the hypothesis for the case of 11 countries in Latin America, and is contrasted against a Keynesian consumption model. By using a panel data model, the long term relations of the Ricardian Equivalence and Keynesian models are estimated. It is concluded that consumers in Latin America do not take into account the public financing way at the time of consumption.

Suggested Citation

  • Betancourt-Gómez, Michel Eduardo, 2016. "El Consumo Privado y Público Déficit en América Latina: Teoría y Prueba Ricardian Equivalencia Hipótesis," Panorama Económico, Escuela Superior de Economía, Instituto Politécnico Nacional, vol. 0(22), pages 39-61, primer se.
  • Handle: RePEc:ipn:panora:v:xi:y:2016:i:22:p:39-61
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    teoría económica; déficit público; consumo privado; cointegración de panel; América Latina. / economic theory; public deficit; private consumption; cointegration panel; Latin America.;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus

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