Estudio de la cointegración y causalidad de panel en el estudio de la relación entre ahorro e inversión en latinoamérica y caribe: estudio teórico del comportamiento del consumo en Latinoamérica y Caribe.

Abstract

The study of the theoretical model of consumption is an issue of relevance both at the individual level and at the household level. Thus, in this work a new version of the consumption model is carried out, based on Friedman’s permanent income hypothesis and Modigliani’s life cycle model. In addition, an empirical verification of the aforementioned model will be carried out for fourteen countries in Latin America and the Caribbean, this will be done using a causality test to verify if the variable described in the new theoretical model helps with the prediction of consumption.