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

Author

Listed:
  • Andrei Tudorel

    (Académie des Etudes Economiques de Bucarest - Académie des études Economiques de Bucarest)

  • Régis Bourbonnais

    (LEDa - Laboratoire d'Economie de Dauphine - IRD - Institut de Recherche pour le Développement - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique)

  • Andreea Mirica

    (Académie des Etudes Economiques de Bucarest - Académie des études Economiques de Bucarest)

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 coverageof 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 & Régis Bourbonnais & Andreea Mirica, 2024. "Consumption Expenditures on Food, Non-food Products and Services in Romania," Post-Print hal-04957211, HAL.
    • Handle: RePEc:hal:journl:hal-04957211
    DOI: 10.18267/j.pep.874
    as

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