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

Autores
Ahumada, Hildegart; Garegnani, María Lorena
Año de publicación
2002
Idioma
inglés
Tipo de recurso
documento de conferencia
Estado
versión publicada
Descripción
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
Materia
Ciencias Económicas
consumption function
wealth perception
short and long-run determinants
liquidity constraints
Nivel de accesibilidad
acceso abierto
Condiciones de uso
http://creativecommons.org/licenses/by-nc-sa/4.0/
Repositorio
SEDICI (UNLP)
Institución
Universidad Nacional de La Plata
OAI Identificador
oai:sedici.unlp.edu.ar:10915/170377
Acceder
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network_name_str SEDICI (UNLP)
spelling Wealth effects in the consumption function of an emerging economy: Argentina 1980-2000Ahumada, HildegartGaregnani, María LorenaCiencias Económicasconsumption functionwealth perceptionshort and long-run determinantsliquidity constraintsThe 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 Económicas2002-11info:eu-repo/semantics/conferenceObjectinfo:eu-repo/semantics/publishedVersionObjeto de conferenciahttp://purl.org/coar/resource_type/c_5794info:ar-repo/semantics/documentoDeConferenciaapplication/pdfhttp://sedici.unlp.edu.ar/handle/10915/170377enginfo:eu-repo/semantics/altIdentifier/url/https://bd.aaep.org.ar/anales/works/works2002/ahumada_garegnani.pdfinfo:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by-nc-sa/4.0/Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)reponame:SEDICI (UNLP)instname:Universidad Nacional de La Platainstacron:UNLP2025-09-29T11:43:20Zoai:sedici.unlp.edu.ar:10915/170377Institucionalhttp://sedici.unlp.edu.ar/Universidad públicaNo correspondehttp://sedici.unlp.edu.ar/oai/snrdalira@sedici.unlp.edu.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:13292025-09-29 11:43:21.139SEDICI (UNLP) - Universidad Nacional de La Platafalse
dc.title.none.fl_str_mv Wealth effects in the consumption function of an emerging economy: Argentina 1980-2000
title Wealth effects in the consumption function of an emerging economy: Argentina 1980-2000
spellingShingle Wealth effects in the consumption function of an emerging economy: Argentina 1980-2000
Ahumada, Hildegart
Ciencias Económicas
consumption function
wealth perception
short and long-run determinants
liquidity constraints
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
dc.creator.none.fl_str_mv Ahumada, Hildegart
Garegnani, María Lorena
author Ahumada, Hildegart
author_facet Ahumada, Hildegart
Garegnani, María Lorena
author_role author
author2 Garegnani, María Lorena
author2_role author
dc.subject.none.fl_str_mv Ciencias Económicas
consumption function
wealth perception
short and long-run determinants
liquidity constraints
topic Ciencias Económicas
consumption function
wealth perception
short and long-run determinants
liquidity constraints
dc.description.none.fl_txt_mv 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
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.
publishDate 2002
dc.date.none.fl_str_mv 2002-11
dc.type.none.fl_str_mv info:eu-repo/semantics/conferenceObject
info:eu-repo/semantics/publishedVersion
Objeto de conferencia
http://purl.org/coar/resource_type/c_5794
info:ar-repo/semantics/documentoDeConferencia
format conferenceObject
status_str publishedVersion
dc.identifier.none.fl_str_mv http://sedici.unlp.edu.ar/handle/10915/170377
url http://sedici.unlp.edu.ar/handle/10915/170377
dc.language.none.fl_str_mv eng
language eng
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Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)
eu_rights_str_mv openAccess
rights_invalid_str_mv http://creativecommons.org/licenses/by-nc-sa/4.0/
Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:SEDICI (UNLP)
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