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Different Level of Financial Development and Individual's Decision Regarding Saving and Consumption


Hamidreza Saeedi
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The main motivation of this study is to investigate the relationship between indicator of financial development and individual's daily decision regarding their final consumption and saving in a selected sample of South America countries. The method which used for this analysis is pooled regression and the data collected from ten different countries (Brazil, Argentina, Peru, Chile, Bolivia, Ecuador, Uruguay, Paraguay, Colombia, Venezuela) during 1995 and 2015. Finally, by analyzing the Stata results it will be clear that which variable has positive effect on the share of final consumption expenditure in GDP and which one has the negative effect and the significant and insignificant of these effects

Hamidreza Saeedi

Final consumption expenditure, Growth rate of GDP, Panel data regression, Money, Real Interest Rate

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Publication Details

Published in : Volume 3 | Issue 6 | September-October - 2017
Date of Publication Print ISSN Online ISSN
2017-10-31 2395-1990 2394-4099
Page(s) Manuscript Number   Publisher
238-241 IJSRSET173655   Technoscience Academy

Cite This Article

Hamidreza Saeedi, "Different Level of Financial Development and Individual's Decision Regarding Saving and Consumption", International Journal of Scientific Research in Science, Engineering and Technology(IJSRSET), Print ISSN : 2395-1990, Online ISSN : 2394-4099, Volume 3, Issue 6, pp.238-241, September-October-2017.
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