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The Impact Of The Main Macroeconomic Indicators On The Final Consumption Of The Population

Author

Listed:
  • Consuela NECȘULESCU

    (Faculty of Economic Sciences, University of Pitesti, Romania)

  • Luminița ȘERBĂNESCU

    (Faculty of Economic Sciences, University of Pitesti, Romania)

Abstract

In the last few years, and especially after the beginning of the economic and financial crisis in Romania, significant changes occurred in the macroeconomic indicators conditioning the final consumption of the population. Consequently, in this article, we aimed at analysing the evolution of the main macroeconomic indicators (the Gross Domestic Product, - GDP, the inflation rate, the unemployment rate) influencing the final consumption of the population, as well as the correlation among these variables. For the analysis of these correlations I proposed using the linear regression model. The analysis of the trend and of the causal links among the studied variables uses annual series from the 2000 – 2012 period. For the statistical processing and the econometric modelling we used software Excel and Eviews software packages.

Suggested Citation

  • Consuela NECȘULESCU & Luminița ȘERBĂNESCU, 2014. "The Impact Of The Main Macroeconomic Indicators On The Final Consumption Of The Population," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 3, pages 388-396, April.
    • Handle: RePEc:cmj:seapas:y:2014:i:3:p:388-396
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    More about this item

    Keywords

    GDP; Inflation rate; Unemployment rate; Final consumption of the population; Statistical tests;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation, Validation, and Selection

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