Determinantes del consumo privado en la economía española

Població de dret i de fet: Una discussió al voltant de les dades registrades al País Valencià

SE ESTUDIAN LAS VICISITUDES DE LA DIFERENCIA REAL ENTRE "POBLACION DE DERECHO" Y "POBLACION DE HECHO" EN LOS CENSOS Y PADRONES DEL PAIS VALENCIANO, CON ESPECIAL ATENCION AL IMPACTO DE LA MOVILIDAD VACACIONAL A PARTIR DE 1975. CRISIS, TURISMO EXTRANJERO Y ESTACIONALIDAD SON FACTORES QUE TAMBIEN DEBEN SER TENIDOS EN CUENTA. (A)

Intertemporal Substitution in the Spanish Economy: Evidence from Regional Data*

This paper studies the intertemporal substitution in consumption and leisure for the Spanish economy by estimating the first‐order conditions of an individual optimization model with regional and aggregate data. While first‐order conditions determining intertemporal substitution in consumption show a good econometric fit, and the value we obtain for the intertemporal elasticity of substitution is similar to previously available results, the econometric fit of the intertemporal condition in leisure indicates that the behaviour of the Spanish labour supply over the cycle is more complex than can be explained by the canonical intertemporal choice model.