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La teoría del ingreso permanente: un análisis empírico

Author

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  • Liquitaya Briceño, José D.

    (Universidad Autónoma Metropolitana-Iztapalapa)

Abstract

This article makes a brief analysis of the theories that resolves the apparent con- tradiction of the consumption function estimates between survey data in cross section, medium term series and long term time series found by S. Kuznets. We focus attention on Milton Friedman ́s permanent income theory. Next, issues con- cerning the information and model analysis are detailed; the econometric analysis with supplementary statistical tests is carried out. Finally, conclusions are presented.

Suggested Citation

  • Liquitaya Briceño, José D., 2011. "La teoría del ingreso permanente: un análisis empírico," Revista Nicolaita de Estudios Económicos, Universidad Michoacana de San Nicolás de Hidalgo, Instituto de Investigaciones Económicas y Empresariales, vol. 0(1), pages 33-61.
  • Handle: RePEc:ris:rnicee:0058
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    More about this item

    Keywords

    permanent income theory; Koyck transformation; instrumental variables.;
    All these keywords.

    JEL classification:

    • C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Hypothesis Testing: General
    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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