<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>2448-8402</journal-id>
<journal-title><![CDATA[Ensayos. Revista de economía]]></journal-title>
<abbrev-journal-title><![CDATA[Ens. Rev. econ.]]></abbrev-journal-title>
<issn>2448-8402</issn>
<publisher>
<publisher-name><![CDATA[Universidad Autónoma de Nuevo León, a través de la Facultad de Economía con la colaboración del Centro de Investigaciones Económicas]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2448-84022020000100021</article-id>
<article-id pub-id-type="doi">10.29105/ensayos39.1-2</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Sensibilidad y asimetrías ante choques de ingreso en el consumo privado de México, 1995-2017]]></article-title>
<article-title xml:lang="en"><![CDATA[Sensitivity and asymmetries of income shocks in Mexico's private consumption, 1995-2017]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Mendoza González]]></surname>
<given-names><![CDATA[Miguel Ángel]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Nacional Autónoma de México Facultad de Economía ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>00</month>
<year>2020</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>00</month>
<year>2020</year>
</pub-date>
<volume>39</volume>
<numero>1</numero>
<fpage>21</fpage>
<lpage>58</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S2448-84022020000100021&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S2448-84022020000100021&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S2448-84022020000100021&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen Esta investigación analiza con un enfoque poskeynesiano la sobre-sensibilidad y las asimetrías ante choques de ingreso del consumo privado y su desagregación en bienes duraderos, semi-duraderos, no-duraderos y los servicios en México para el período 1995-2017. Para estimar la sobre-sensibilidad se utilizan las metodologías de cointegración de Johansen-Juselius y el método de estimación FMOLS, sin sesgo de endogeneidad de Phillips y Hansen. Para las asimetrías se aplican las pruebas de Seo y Hansen-Seo de cointegración, con regímenes múltiples (cointegración-threshold) y modelos TVECM de vectores de corrección de error, con regímenes múltiples de Seo. Con los resultados se comprueba la existencia de sobre-sensibilidad del consumo privado y del consumo de la mayoría de los bienes por durabilidad (nacional e importado) y comportamientos asimétricos de régimen bajo, consistente con un escenario de crisis económica.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract With a Postkeynesian approach, this research analyzes the over-sensitivity and asymmetries of income shocks of private consumption and its unbundling into durable, semi-durable, non-durable goods and services in Mexico for the period 1995-2017. To estimate over-sensitivity to income, cointegration methodologies from Johansen-Juselius are used and the FMOLS estimation method without endogeneity bias of Phillips and Hansen. And, for the asymmetries, this study applies the tests of Seo and Hansen-Seo of cointegration with multiple regimes (threshold-cointegration) and threshold vector error correction model (threshold-VECM) with multiple regimes of Seo. The results show the existence of over-sensitivity of private consumption and durability for most of the goods (national and imported) and low-level asymmetric behaviors consistent with a scenario of economic crisis.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[Sobre-sensibilidad del consumo]]></kwd>
<kwd lng="es"><![CDATA[Asimetrías a choques de ingreso]]></kwd>
<kwd lng="es"><![CDATA[Cointegración con regímenes múltiples]]></kwd>
<kwd lng="es"><![CDATA[Modelos VECM con regímenes múltiples]]></kwd>
<kwd lng="es"><![CDATA[TVECM]]></kwd>
<kwd lng="en"><![CDATA[over-sensitivity of consumption]]></kwd>
<kwd lng="en"><![CDATA[asymmetries to income shocks]]></kwd>
<kwd lng="en"><![CDATA[threshold-cointegration]]></kwd>
<kwd lng="en"><![CDATA[threshold-VECM models]]></kwd>
<kwd lng="en"><![CDATA[TVECM]]></kwd>
</kwd-group>
</article-meta>
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