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Consumption Expenditures on Food, Non-food Products and Services in Romania

Author

Listed:
  • Andrei Tudorel
  • Bourbonnais Régis
  • Mirică Andreea

Abstract

This paper aims to assess the relationship between income and consumption expenditures of households in Romania between 1997 and 2022. The chosen econometric methods are the Augmented Dickey-Fuller and Phillip-Perron unit root tests, Granger causality tests and the Johansen-Juselius test. Our study highlights the fact that together with the increase in the monetary income, there was a considerable reduction in the income in kind that ensured the coverage of the consumption needs at the household level. Additionally, the increase in the population's monetary income is essential for reducing the share of expenses on the consumption of food products and increasing the consumption of non-food products and services.

Suggested Citation

  • Andrei Tudorel & Bourbonnais Régis & Mirică Andreea, 2024. "Consumption Expenditures on Food, Non-food Products and Services in Romania," Prague Economic Papers, Prague University of Economics and Business, vol. 2024(5), pages 617-644.
    • Handle: RePEc:prg:jnlpep:v:2024:y:2024:i:5:id:874:p:617-644
    DOI: 10.18267/j.pep.874
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    References listed on IDEAS

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    1. Pesaran, M. Hashem & Shin, Yongcheol & Smith, Richard J., 2000. "Structural analysis of vector error correction models with exogenous I(1) variables," Journal of Econometrics, Elsevier, vol. 97(2), pages 293-343, August.
    2. Milin Ioana Anda & Bușan Gabriela & Ecobici Nicolae & Abdul Rehman, 2023. "Economic Growth Drivers in Romania: Evidence from a NARDL Analysis," Sustainability, MDPI, vol. 15(7), pages 1-19, March.
    3. Heemskerk,Frank & Voinea,Liviu & Cojocaru,Alexandra, 2018. "Busting the Myth : The Impact of Increasing the Minimum Wage : The Experience of Romania," Policy Research Working Paper Series 8632, The World Bank.
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    More about this item

    Keywords

    monetary income; income in kind; consumption; expenditures;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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