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Model analysis of the correlation between final consumption and its components

Author

Listed:
  • Alexandru MANOLE

    („ARTIFEX” University of Bucharest)

  • Mariana BUNEA

    („ARTIFEX” University of Bucharest)

  • Ana CARP

    („ARTIFEX” University of Bucharest)

  • Diana-Valentina SOARE

    („ARTIFEX” University of Bucharest)

  • Maria MIREA

    (Bucharest University of Economic Studies)

Abstract

In this paper, the authors approach the analysis of final consumption. The methodology follows the components of the final consumption, which is consumption related to public administration and the consumption share corresponding to households. The econometric instruments are expected to provide relevant results for a dataset covering an extended period of time, from 1990 to 2016. The result of model estimation is discussed by the authors.

Suggested Citation

  • Alexandru MANOLE & Mariana BUNEA & Ana CARP & Diana-Valentina SOARE & Maria MIREA, 2017. "Model analysis of the correlation between final consumption and its components," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(2), pages 105-113, February.
    • Handle: RePEc:rsr:supplm:v:65:y:2017:i:2:p:105-113
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    References listed on IDEAS

    as
    1. Constantin Anghelache & Madalina Gabriela Anghel & Marius Popovici, 2015. "Multiple Regressions Used in Analysis of Private Consumption and Public Final Consumption Evolution," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 5(4), pages 69-73, October.
    2. Torben G. Andersen & Tim Bollerslev & Francis X. Diebold & Paul Labys, 2003. "Modeling and Forecasting Realized Volatility," Econometrica, Econometric Society, vol. 71(2), pages 579-625, March.
    3. Jason Choi & Andrew T. Foerster, 2016. "Consumption Growth Regimes and the Post-Financial Crisis Recovery," Economic Review, Federal Reserve Bank of Kansas City, issue Q II, pages 25-48.
    4. Bardsen, Gunnar & Eitrheim, Oyvind & Jansen, Eilev S. & Nymoen, Ragnar, 2005. "The Econometrics of Macroeconomic Modelling," OUP Catalogue, Oxford University Press, number 9780199246502.
    5. Francesca Bastagli & John Hills, 2013. "What Gives? Household Consumption Patterns and the 'Big Trade Off' with Public Consumption," CASE Papers case170, Centre for Analysis of Social Exclusion, LSE.
    6. Constantin Anghelache & Alexandru-Lucian Manole & Daniel Dumitrescu, 2015. "The Correlation between Final Consumption, Gross Available Income and Gross Investment: An Econometric Analysis," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 5(4), pages 84-88, October.
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    8. Censolo, Roberto & Colombo, Caterina, 2008. "Public consumption composition in a growing economy," Journal of Macroeconomics, Elsevier, vol. 30(4), pages 1479-1495, December.
    9. repec:cep:sticas:/170 is not listed on IDEAS
    10. Guido Lorenzoni, 2009. "A Theory of Demand Shocks," American Economic Review, American Economic Association, vol. 99(5), pages 2050-2084, December.
    11. Paul Klein & Per Krusell & José-Víctor Ríos-Rull, 2008. "Time-Consistent Public Policy," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 75(3), pages 789-808.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    consumption; final; estimation; model; impact;
    All these keywords.

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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