Influence of selected factors on the volume of consumption (per capita) of Uruguay - in the sense of Granger causality

The project will be tested State Uruguay. The country is characterized by political stability, economic attractiveness of tax-free zones for investors, and also has a good infrastructure, communication network, as well as one of the best education systems in their continent. The aim of the study is to verify whether the selected factors affect the volume of consumption (per unit) in Uruguay. Selected factors are investment (per capita), imports (per capita), exports (per capita), government spending (per capita) and the level of consumer prices. Individual data are annual data, and analysis period in the years 1950-2009. Audit of Granger causality indicates that the inclusion of the individual regression equations delayed variables can better explain and predict the evolution of the size of consumption in Uruguay.