Empirical evidence of the theory of consumption for colombia 2000-2010

The paper evaluates the hypothesis of consumption of Keynes, Friedman, Modigliani and Hall, showing its theoretical elements along with the econometric verification of each one for Colombia, with quarterly data from the period 2000 to 2010. The differences that can be obtained in their analysis are...

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Autores:
Tipo de recurso:
http://purl.org/coar/resource_type/c_6577
Fecha de publicación:
2011
Institución:
Universidad Pedagógica y Tecnológica de Colombia
Repositorio:
RiUPTC: Repositorio Institucional UPTC
Idioma:
spa
OAI Identifier:
oai:repositorio.uptc.edu.co:001/11637
Acceso en línea:
https://revistas.uptc.edu.co/index.php/cenes/article/view/25
https://repositorio.uptc.edu.co/handle/001/11637
Palabra clave:
Consumption theories
Keynesian function
life cycle
permanent income
Teorías del consumo
función keynesiana
ciclo vital
ingreso permanente
Rights
License
Copyright (c) 2011 Julián Augusto Casas Herrera, José Mauricio Gil León
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spelling 2011-12-052024-07-05T18:43:51Z2024-07-05T18:43:51Zhttps://revistas.uptc.edu.co/index.php/cenes/article/view/2510.19053/01203053.v30.n52.2011.25https://repositorio.uptc.edu.co/handle/001/11637The paper evaluates the hypothesis of consumption of Keynes, Friedman, Modigliani and Hall, showing its theoretical elements along with the econometric verification of each one for Colombia, with quarterly data from the period 2000 to 2010. The differences that can be obtained in their analysis are shown with their consequent impacts on economic policy. The article concludes that the Keynesian hypothesis is useful for an analysis of economic policy in the short term, while Friedman’s hypothesis, with adaptive expectations, was more consistent in the long run than that of Modigliani and Hall.En este trabajo se evalúan las hipótesis de consumo de Keynes, Friedman, Modigliani y Hall,mostrando sus elementos teóricos, junto con la verificación econométrica de cada una para Colombia, con datos trimestrales, en el periodo 2000-2010. Se muestran las diferencias que se pueden obtener en el análisis de estas, con sus respectivos impactos en la política económica. En el texto se concluye que la hipótesis keynesiana es útil para un estudio de política económica a corto plazo, mientras que la de Friedman, con expectativas adaptativas, resultó, más consistente a largo plazo que la de Modigliani y la de Hall.   application/pdfspaspaUniversidad Pedagógica y Tecnológica de Colombiahttps://revistas.uptc.edu.co/index.php/cenes/article/view/25/26Copyright (c) 2011 Julián Augusto Casas Herrera, José Mauricio Gil Leónhttp://creativecommons.org/licenses/by-nc-sa/4.0http://purl.org/coar/access_right/c_abf78http://purl.org/coar/access_right/c_abf2Apuntes del Cenes; Volumen 30 N° 52: julio - diciembre de 2011; 59-86Apuntes del Cenes; Volumen 30 N° 52: julio - diciembre de 2011; 59-862256-57790120-3053Consumption theoriesKeynesian functionlife cyclepermanent incomeTeorías del consumofunción keynesianaciclo vitalingreso permanenteEmpirical evidence of the theory of consumption for colombia 2000-2010Evidencia empírica de la teoría del consumo para Colombia 2000-2010info:eu-repo/semantics/articlePeer reviewed Articlehttp://purl.org/coar/resource_type/c_6577http://purl.org/coar/resource_type/c_2df8fbb1info:eu-repo/semantics/publishedVersionhttp://purl.org/coar/version/c_970fb48d4fbd8a161http://purl.org/coar/version/c_970fb48d4fbd8a85Herrera, Julián Augusto CasasLeón, José Mauricio Gil001/11637oai:repositorio.uptc.edu.co:001/116372025-07-18 12:12:58.757metadata.onlyhttps://repositorio.uptc.edu.coRepositorio Institucional UPTCrepositorio.uptc@uptc.edu.co
dc.title.en-US.fl_str_mv Empirical evidence of the theory of consumption for colombia 2000-2010
dc.title.es-ES.fl_str_mv Evidencia empírica de la teoría del consumo para Colombia 2000-2010
title Empirical evidence of the theory of consumption for colombia 2000-2010
spellingShingle Empirical evidence of the theory of consumption for colombia 2000-2010
Consumption theories
Keynesian function
life cycle
permanent income
Teorías del consumo
función keynesiana
ciclo vital
ingreso permanente
title_short Empirical evidence of the theory of consumption for colombia 2000-2010
title_full Empirical evidence of the theory of consumption for colombia 2000-2010
title_fullStr Empirical evidence of the theory of consumption for colombia 2000-2010
title_full_unstemmed Empirical evidence of the theory of consumption for colombia 2000-2010
title_sort Empirical evidence of the theory of consumption for colombia 2000-2010
dc.subject.en-US.fl_str_mv Consumption theories
Keynesian function
life cycle
permanent income
topic Consumption theories
Keynesian function
life cycle
permanent income
Teorías del consumo
función keynesiana
ciclo vital
ingreso permanente
dc.subject.es-ES.fl_str_mv Teorías del consumo
función keynesiana
ciclo vital
ingreso permanente
description The paper evaluates the hypothesis of consumption of Keynes, Friedman, Modigliani and Hall, showing its theoretical elements along with the econometric verification of each one for Colombia, with quarterly data from the period 2000 to 2010. The differences that can be obtained in their analysis are shown with their consequent impacts on economic policy. The article concludes that the Keynesian hypothesis is useful for an analysis of economic policy in the short term, while Friedman’s hypothesis, with adaptive expectations, was more consistent in the long run than that of Modigliani and Hall.
publishDate 2011
dc.date.accessioned.none.fl_str_mv 2024-07-05T18:43:51Z
dc.date.available.none.fl_str_mv 2024-07-05T18:43:51Z
dc.date.none.fl_str_mv 2011-12-05
dc.type.none.fl_str_mv info:eu-repo/semantics/article
dc.type.en-US.fl_str_mv Peer reviewed Article
dc.type.coar.fl_str_mv http://purl.org/coar/resource_type/c_2df8fbb1
dc.type.coarversion.fl_str_mv http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.coar.spa.fl_str_mv http://purl.org/coar/resource_type/c_6577
dc.type.version.spa.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.coarversion.spa.fl_str_mv http://purl.org/coar/version/c_970fb48d4fbd8a161
format http://purl.org/coar/resource_type/c_6577
status_str publishedVersion
dc.identifier.none.fl_str_mv https://revistas.uptc.edu.co/index.php/cenes/article/view/25
10.19053/01203053.v30.n52.2011.25
dc.identifier.uri.none.fl_str_mv https://repositorio.uptc.edu.co/handle/001/11637
url https://revistas.uptc.edu.co/index.php/cenes/article/view/25
https://repositorio.uptc.edu.co/handle/001/11637
identifier_str_mv 10.19053/01203053.v30.n52.2011.25
dc.language.none.fl_str_mv spa
dc.language.iso.spa.fl_str_mv spa
language spa
dc.relation.none.fl_str_mv https://revistas.uptc.edu.co/index.php/cenes/article/view/25/26
dc.rights.en-US.fl_str_mv Copyright (c) 2011 Julián Augusto Casas Herrera, José Mauricio Gil León
http://creativecommons.org/licenses/by-nc-sa/4.0
dc.rights.coar.fl_str_mv http://purl.org/coar/access_right/c_abf2
dc.rights.coar.spa.fl_str_mv http://purl.org/coar/access_right/c_abf78
rights_invalid_str_mv Copyright (c) 2011 Julián Augusto Casas Herrera, José Mauricio Gil León
http://creativecommons.org/licenses/by-nc-sa/4.0
http://purl.org/coar/access_right/c_abf78
http://purl.org/coar/access_right/c_abf2
dc.format.none.fl_str_mv application/pdf
dc.publisher.en-US.fl_str_mv Universidad Pedagógica y Tecnológica de Colombia
dc.source.en-US.fl_str_mv Apuntes del Cenes; Volumen 30 N° 52: julio - diciembre de 2011; 59-86
dc.source.es-ES.fl_str_mv Apuntes del Cenes; Volumen 30 N° 52: julio - diciembre de 2011; 59-86
dc.source.none.fl_str_mv 2256-5779
0120-3053
institution Universidad Pedagógica y Tecnológica de Colombia
repository.name.fl_str_mv Repositorio Institucional UPTC
repository.mail.fl_str_mv repositorio.uptc@uptc.edu.co
_version_ 1839633795585671168

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