IDEAS home Printed from https://ideas.repec.org/a/nwe/iisabg/y2024i3p5-17.html
   My bibliography  Save this article

Nexus between Gross Fixed Capital Formation, Household Loans and Savings in Bulgaria

Author

Listed:
  • Konstantin Kolev

    (UNIVERSITY OF FORESTRY, Sofia, Bulgaria)

  • Maya Tsoklinova

    (University of National and World Economy, Sofia, Bulgaria)

Abstract

The goal of this article is to analyze the impact of household savings and household loans on gross fixed capital formation in Bulgaria. The research is carried out on the basis of quarterly data for the 2010-2023 period. The sources of the data are the National Statistical Institute (NSI) and the Bulgarian National Bank (BNB). The algorithm of the empirical research includes: checking for stationarity by means of the extended Dickey-Fuller test; determining the optimal lag of the model; Johansen cointegration test; specification of vector error correction model (VECM). As a result of the research, it has been established that there is a long-term relationship between the variables gross fixed capital formation, household savings and household loans. At the same time, about 39.2% of the disequilibrium between the studied variables in a certain quarter is compensated in the next one.

Suggested Citation

  • Konstantin Kolev & Maya Tsoklinova, 2024. "Nexus between Gross Fixed Capital Formation, Household Loans and Savings in Bulgaria," Ikonomiceski i Sotsialni Alternativi, University of National and World Economy, Sofia, Bulgaria, issue 3, pages 5-17, September.
    • Handle: RePEc:nwe:iisabg:y:2024:i:3:p:5-17
    as

    Download full text from publisher

    File URL: https://www.unwe.bg/doi/alternativi/2024.3/ISA.2024.3.01.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Household Savings; gross fixed capital formation; household loans; vector error correction model (VECM);
    All these keywords.

    JEL classification:

    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nwe:iisabg:y:2024:i:3:p:5-17. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Vanya Lazarova (email available below). General contact details of provider: https://edirc.repec.org/data/unweebg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.