Consumption in South America: myopia or liquidity constraints?

dc.contributor.authorPaz, Lourenço Senne
dc.contributor.authorGomes, Fábio Augusto Reis
dc.coverage.cidadeSão Paulopt_BR
dc.coverage.paisBrasilpt_BR
dc.creatorPaz, Lourenço Senne
dc.creatorGomes, Fábio Augusto Reis
dc.date.accessioned2023-07-19T03:12:45Z
dc.date.available2023-07-19T03:12:45Z
dc.date.issued2008
dc.description.otherIn this paper, we consider Brazil, Colombia, Peru and Venezuela for a study on aggregate consumption behavior, in which we test the life cycle-permanent income hypothesis prediction that consumption growth depends only on interest. Our results suggest that only Venezuelan data supported this prediction. To identify possible reasons for rejection in the other cases, we checked for liquidity constraints, myopia and perverse asymmetry. We found that for Brazil the perverse asymmetry was rejected, whereas for Colombia the liquidity constraint hypothesis was rejected. The results were uninformative about Peruvian consumption.pt_BR
dc.format.extent17 p.pt_BR
dc.format.mediumDigitalpt_BR
dc.identifier.issueWPE 156/2008
dc.identifier.urihttps://repositorio.insper.edu.br/handle/11224/5850
dc.language.isoInglêspt_BR
dc.publisherInsperpt_BR
dc.publisherIBMEC - São Paulopt_BR
dc.relation.ispartofseriesInsper Working Paperpt_BR
dc.rights.licenseO INSPER E ESTE REPOSITÓRIO NÃO DETÊM OS DIREITOS DE USO E REPRODUÇÃO DOS CONTEÚDOS AQUI REGISTRADOS. É RESPONSABILIDADE DO USUÁRIO VERIFICAR OS USOS PERMITIDOS NA FONTE ORIGINAL, RESPEITANDO-SE OS DIREITOS DE AUTOR OU EDITORpt_BR
dc.subject.keywordsSouth Americapt_BR
dc.subject.keywordsconsumptionpt_BR
dc.subject.keywordspermanent incomept_BR
dc.subject.keywordsliquidity constraintspt_BR
dc.subject.keywordsmyopiapt_BR
dc.titleConsumption in South America: myopia or liquidity constraints?pt_BR
dc.typeworking paper
dspace.entity.typePublication
local.subject.cnpqCiências Sociais Aplicadaspt_BR
local.typeWorking Paperpt_BR
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