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An empirical investigation of the effect of borrowing constraints on Spanish consumption

✍ Scribed by Antonio Cutanda Tarín

Publisher
Springer
Year
2003
Tongue
English
Weight
195 KB
Volume
5
Category
Article
ISSN
1435-5469

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## Abstract The authors empirically test the veracity of the __consumption convergence hypothesis__ for emerging markets (EMs): the hypothesis that through social influences on individual consumers resulting from global integration, and exposure to the United States (U.S.), consumption levels in EM