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

Authors

  • Hamidreza Saeedi  Engineering Management, Politecnico di Milano, Milano, Italy

Keywords:

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

Abstract

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

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International Journal of Scientific Research in Science, Engineering and Technology

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Published

2017-10-31

Issue

Volume 3, Issue 6, September-October-2017

Section

Research Articles

License

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Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite

[1]
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.