Wealth effects in the consumption function of an emerging economy: Argentina 1980-2000

The effects of wealth on consumers´ expenditure have been widely studied since a long time ago, but a recent literature has suggested that consumers´ decisions respond to “wealth perception”. This work models aggregate consumption of Argentina trying to identify such effects over a period of great m...

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Autores principales: Ahumada, Hildegart, Garegnani, María Lorena
Formato: Objeto de conferencia
Lenguaje:Inglés
Publicado: 2002
Materias:
Ciencias Económicas
consumption function
wealth perception
short and long-run determinants
liquidity constraints
Acceso en línea:http://sedici.unlp.edu.ar/handle/10915/170377
Aporte de:
SEDICI (UNLP) de Universidad Nacional de La Plata
id I19-R120-10915-170377
record_format dspace
spelling I19-R120-10915-1703772024-09-20T04:08:26Z http://sedici.unlp.edu.ar/handle/10915/170377 Wealth effects in the consumption function of an emerging economy: Argentina 1980-2000 Ahumada, Hildegart Garegnani, María Lorena 2002-11 2002 2024-09-19T17:13:15Z en Ciencias Económicas consumption function wealth perception short and long-run determinants liquidity constraints The effects of wealth on consumers´ expenditure have been widely studied since a long time ago, but a recent literature has suggested that consumers´ decisions respond to “wealth perception”. This work models aggregate consumption of Argentina trying to identify such effects over a period of great macroeconomic variability. The results show that national disposable income is the only long-run determinant of private consumption and two proxies for adjusting wealth are adopted by the consumers in the short-run: a measure of real exchange rate and an effect from last peak income. Other determinants are also discussed. Facultad de Ciencias Económicas Objeto de conferencia Objeto de conferencia http://creativecommons.org/licenses/by-nc-sa/4.0/ Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) application/pdf
institution Universidad Nacional de La Plata
institution_str I-19
repository_str R-120
collection SEDICI (UNLP)
language Inglés
topic Ciencias Económicas
consumption function
wealth perception
short and long-run determinants
liquidity constraints
spellingShingle Ciencias Económicas
consumption function
wealth perception
short and long-run determinants
liquidity constraints
Ahumada, Hildegart
Garegnani, María Lorena
Wealth effects in the consumption function of an emerging economy: Argentina 1980-2000
topic_facet Ciencias Económicas
consumption function
wealth perception
short and long-run determinants
liquidity constraints
description The effects of wealth on consumers´ expenditure have been widely studied since a long time ago, but a recent literature has suggested that consumers´ decisions respond to “wealth perception”. This work models aggregate consumption of Argentina trying to identify such effects over a period of great macroeconomic variability. The results show that national disposable income is the only long-run determinant of private consumption and two proxies for adjusting wealth are adopted by the consumers in the short-run: a measure of real exchange rate and an effect from last peak income. Other determinants are also discussed.
format Objeto de conferencia
Objeto de conferencia
author Ahumada, Hildegart
Garegnani, María Lorena
author_facet Ahumada, Hildegart
Garegnani, María Lorena
author_sort Ahumada, Hildegart
title Wealth effects in the consumption function of an emerging economy: Argentina 1980-2000
title_short Wealth effects in the consumption function of an emerging economy: Argentina 1980-2000
title_full Wealth effects in the consumption function of an emerging economy: Argentina 1980-2000
title_fullStr Wealth effects in the consumption function of an emerging economy: Argentina 1980-2000
title_full_unstemmed Wealth effects in the consumption function of an emerging economy: Argentina 1980-2000
title_sort wealth effects in the consumption function of an emerging economy: argentina 1980-2000
publishDate 2002
url http://sedici.unlp.edu.ar/handle/10915/170377
work_keys_str_mv AT ahumadahildegart wealtheffectsintheconsumptionfunctionofanemergingeconomyargentina19802000
AT garegnanimarialorena wealtheffectsintheconsumptionfunctionofanemergingeconomyargentina19802000
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