publication . Article . 2011

La teoría del ingreso permanente: un análisis empírico

Liquitaya Briceño, José D.;
Open Access
  • Published: 01 Jan 2011 Journal: Revista Nicolaita de Estudios Económicos, volume VI, issue 1, pages 33-61
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.
free text keywords: permanent income theory; Koyck transformation; instrumental variables., jel:C12, jel:C13, jel:E21
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