Abstract

CABRERA VALVERDE, Diana Gisell; ROSERO OLIVEROS, Tania Marcela  and  RIASCOS, Julio César. MAIN ECONOMIC DETERMINANTS OF CONSUMPTION IN COLOMBIA 2000 - 2015. Tend. [online]. 2019, vol.20, n.1, pp.77-106. ISSN 0124-8693.  https://doi.org/10.22267/rtend.192001.109.

The purpose of this study is explain the casualties that have affected consumption in Colombia during the period between the 2000’s and 2015’s, this according to the keynesian models, life cycle and permanent entrance of Milton Friedman.

So, based on the review of the theoretical and empirical literature, two relevant variables were analyzed: inflow from GDP and inflation taken with the CPI, resulting in the most significant variable for consumption in Colombia, conclusion reached through the use of a multivariate statistical.

It is therefore advisable to relieve tax burdens, to boost subsidies and investments in education, in time to control interest rates to provide better levels of consumption in the country.

JEL:E21, E25, E31, E23, E52

Keywords : consumption; income; consumer’s price index (CPI); inflation; gross domestic product (GDP); devaluation; exchange rate.

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