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El consumo y el Efecto Trinquete en América Latina

Author

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  • Liquitaya Briceño, José D.

    (UAM-I)

Abstract

This article offers an overview of the Relative Income Theory’s core elements formulated by J. Duesenberry, from the way it solves the contradiction apparent between the different empirical findings about consumption function. Next, the analysis model is presented; issues concerning the information are detailed and is investigates, with Duesenberry’s model, if ratchet effect occurs in each of the 19 Latin American countries. Then, analysis of the results and conclusions are submitted.

Suggested Citation

  • Liquitaya Briceño, José D., 2012. "El consumo y el Efecto Trinquete en América Latina," Revista Nicolaita de Estudios Económicos, Universidad Michoacana de San Nicolás de Hidalgo, Instituto de Investigaciones Económicas y Empresariales, vol. 0(2), pages 7-25.
    • Handle: RePEc:ris:rnicee:0069
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    More about this item

    Keywords

    relative income theory; ratchet effect; demonstration effect and asymmetry.;
    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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