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A long run consumption model for Venezuela

Author

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  • Josefa Ramoni Perazzi

    (Universidad de Los Andes, Facultad de Ciencias Económicas y Sociales, Departamento de Economía)

  • Giampaolo Orlandoni Merli

    (Universidad de Los Andes, Facultad de Ciencias Económicas y Sociales, Instituto de Estadística Aplicada y Computación)

Abstract

A fin de probar la existencia, en el caso venezolano, de relaciones de equilibrio en el largo plazo entre el consumo y la renta, dando cabida a la riqueza, el índice de precios y la tasa de interés, como elemento distractor de recursos destinados al consumo, se lleva a cabo un análisis de cointegración a través de la aplicación de la metodología de Engle-Granger. Los resultados obtenidos permiten además corroborar la existencia de una diferencia entre la propensión marginal a consumir de corto y largo plazo, tal como lo sugiere la hipótesis del ingreso permanente. E21

Suggested Citation

  • Josefa Ramoni Perazzi & Giampaolo Orlandoni Merli, 1999. "A long run consumption model for Venezuela," Economía, Instituto de Investigaciones Económicas y Sociales (IIES). Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Mérida, Venezuela, vol. 24(15), pages 127-138, January-D.
    • Handle: RePEc:ula:econom:v:24:y:1999:i:15:p:127-138
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    References listed on IDEAS

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