Artikel
Modeling Real Private Consumption Expenditure in Bulgaria after the Currency Board Implementation (1997-2005)
In this paper, an econometric model of consumption in Bulgaria for the period 1997-2005 is constructed. The Error-Correction Model (ECM) approach is employed and long-run relationship between household consumption and income was found. The primary purpose of this empirical paper is to get a better understanding of the factors driving household consumption in Bulgaria and to estimate a consumption function to be used for medium-term forecasting. It is shown that all households behave in a Keynesian way, basing their consumption decisions on current income.
- Language
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Englisch
- Bibliographic citation
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Journal: Zagreb International Review of Economics and Business ; ISSN: 1331-5609 ; Volume: 18 ; Year: 2015 ; Issue: 1 ; Pages: 81-89 ; Zagreb: Faculty of Economics and Business, University of Zagreb
- Classification
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Wirtschaft
Macroeconomics: Consumption; Saving; Wealth
Macroeconomics: Consumption; Saving; Wealth
- Subject
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Keynesian consumption function
Permanent Income Hypothesis
Error Correction Model
- Event
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Geistige Schöpfung
- (who)
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Vasilev, Aleksandar
- Event
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Veröffentlichung
- (who)
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Faculty of Economics and Business, University of Zagreb
- (where)
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Zagreb
- (when)
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2015
- DOI
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doi:10.1515/zireb-2015-0005
- Handle
- Last update
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10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Vasilev, Aleksandar
- Faculty of Economics and Business, University of Zagreb
Time of origin
- 2015
Other Objects (12)
Modeling Real Private Consumption Expenditure in Bulgaria after the Currency Board Implementation (1997-2005)
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Business Cycles in Bulgaria and the Baltic Countries: An RBC Approach
Are "fair" wages quantitatively important for business cycle fluctuations in Bulgaria?
Is military spending quantitatively important for business cycle fluctuations in Bulgaria
Are labor unions important for business cycle fluctuations? Lessons from Bulgaria
Modeling Real Private Consumption Expenditure in Bulgaria after the Currency Board Implementation (1997-2005)
Business Cycle Accounting: Bulgaria after the introduction of the currency board arrangement (1999-2014)
Business Cycle Accounting: Bulgaria after the introduction of the currency board arrangement (1999-2014)
A business-cycle-model with monopolistically-competitive intermediary firms and sticky nominal wages: the case of Bulgaria after the introduction of the currency board (1999-2016)
VAT Evasion in Bulgaria: A General-Equilibrium Approach
A Real-Business-Cycle model with robots: Lessons for Bulgaria
Business Cycles in Bulgaria and the Baltic Countries: An RBC Approach
Are "fair" wages quantitatively important for business cycle fluctuations in Bulgaria?
Business Cycles in Bulgaria and the Baltic Countries: An RBC Approach
Are "fair" wages quantitatively important for business cycle fluctuations in Bulgaria?
Is military spending quantitatively important for business cycle fluctuations in Bulgaria
Are labor unions important for business cycle fluctuations? Lessons from Bulgaria
Modeling Real Private Consumption Expenditure in Bulgaria after the Currency Board Implementation (1997-2005)
Business Cycle Accounting: Bulgaria after the introduction of the currency board arrangement (1999-2014)
Business Cycle Accounting: Bulgaria after the introduction of the currency board arrangement (1999-2014)
A business-cycle-model with monopolistically-competitive intermediary firms and sticky nominal wages: the case of Bulgaria after the introduction of the currency board (1999-2016)
VAT Evasion in Bulgaria: A General-Equilibrium Approach
A Real-Business-Cycle model with robots: Lessons for Bulgaria
Business Cycles in Bulgaria and the Baltic Countries: An RBC Approach
Are "fair" wages quantitatively important for business cycle fluctuations in Bulgaria?
Business Cycles in Bulgaria and the Baltic Countries: An RBC Approach
Are "fair" wages quantitatively important for business cycle fluctuations in Bulgaria?
Is military spending quantitatively important for business cycle fluctuations in Bulgaria