Resumo

GOMES, Fábio Augusto Reis; ISSLER, João Victor  e  SALVATO, Márcio Antônio. Principais características do consumo de duráveis no Brasil e testes de separabilidade entre duráveis e não-duráveis. Rev. Bras. Econ. [online]. 2005, vol.59, n.1, pp.33-60. ISSN 1806-9134.  https://doi.org/10.1590/S0034-71402005000100002.

This paper studies the evolution of the consumption of durables in Brazil and tests the hypothesis of liquidity-constraints for the optimal decision of the representative agent. We also test whether consumption decisions on durable and non-durables are separable, which is critical in understanding consumption behavior and is assumed rather than tested in all previous papers investigating consumption in Brazil. Our empirical results suggest that a large proportion of consumers in Brazil face short-run liquidity constraints in the consumption of durables. We also find short-term restrictions involving the behavior of the consumption of non-durable goods, durable goods, and real income.

Palavras-chave : consumo de duráveis; separabilidade; teoria da renda permanente; restrição de crédito.

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