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Odraz ekonomického vývoje vybraných zemí ve struktuře výdajů na konečnou spotřebu
[Reflection of Economic Development of Selected Countries in the Structure of Final Consumption Expenditure]

Author

Listed:
  • Richard Hindls
  • Stanislava Hronová

Abstract

The paper analyzes the evolution of the share of final consumption expenditure on aggregate GDP in thirty countries. From the economic point of view, the analysis of final consumption expenditure changes on GDP in connection with the changes in business cycle phases is ambiguous. The authors used their own original statistical test. It shows, on the one hand, how these shares rise in the years of economic crisis, while on the other hand, how they decline during years of economic prosperity. The test also assesses the significance of these changes. The result of the analysis explains the significant changes in the share of final consumption expenditure on GDP over the years.

Suggested Citation

  • Richard Hindls & Stanislava Hronová, 2012. "Odraz ekonomického vývoje vybraných zemí ve struktuře výdajů na konečnou spotřebu [Reflection of Economic Development of Selected Countries in the Structure of Final Consumption Expenditure]," Politická ekonomie, Prague University of Economics and Business, vol. 2012(4), pages 425-441.
    • Handle: RePEc:prg:jnlpol:v:2012:y:2012:i:4:id:855:p:425-441
    DOI: 10.18267/j.polek.855
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    References listed on IDEAS

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    1. Josef Arlt & Jindra Čutková & Štěpán Radkovský, 2002. "Některé aspekty spotřební funkce v podmínkách České republiky 90. let [Selected aspects of consumption function in the Czech Republic in the nineties]," Politická ekonomie, Prague University of Economics and Business, vol. 2002(1).
    2. Emília Zimková & Jaroslav Barochovský, 2007. "Odhad potenciálneho produktu a produkčnej medzery v slovenských podmienkach [Estimation of potential product and output gap in slovak conditions]," Politická ekonomie, Prague University of Economics and Business, vol. 2007(4), pages 473-489.
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    Cited by:

    1. Rohman, Ibrahim Kholilul & Bohlin, Erik, 2014. "Decomposition analysis of the telecommunications sector in Indonesia: What does the cellular era shed light on?," Telecommunications Policy, Elsevier, vol. 38(3), pages 248-263.
    2. Karel Janda & Tran Van Quang & Pavel Zetek, 2015. "Faktory ovlivňující zapojení žen v mikrofinancích [The Factors Influencing the Participation of Women in Microfinance]," Politická ekonomie, Prague University of Economics and Business, vol. 2015(3), pages 363-381.

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    More about this item

    Keywords

    gross domestic product; final consumption expenditure; test of significance of the changes;
    All these keywords.

    JEL classification:

    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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