Testing the Engel's law in the consumption pattern of Romanian population
The aim of the paper is to test the valability of Engel's law in the Romanian consumption dynamics after 1990. We used NIS ad EUROSTAT data to interpret the dynamics of the households' income and consumption expenditures and its structure by destinations. We explored the relationship betwe...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Sciendo
2017-09-01
|
| Series: | Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice |
| Subjects: | |
| Online Access: | https://doi.org/10.1515/sues-2017-0011 |
| _version_ | 1798039779860807680 |
|---|---|
| author | Neagu Mădălin-Ioan Teodoru Mircea Constantin |
| author_facet | Neagu Mădălin-Ioan Teodoru Mircea Constantin |
| author_sort | Neagu Mădălin-Ioan |
| collection | DOAJ |
| description | The aim of the paper is to test the valability of Engel's law in the Romanian consumption dynamics after 1990. We used NIS ad EUROSTAT data to interpret the dynamics of the households' income and consumption expenditures and its structure by destinations. We explored the relationship between consumption and income through the regression analysis and found that the Engel's law applies in the Romanian economy, since 1990 to 2016, with specific evolutions and influences. |
| first_indexed | 2024-04-11T21:58:25Z |
| format | Article |
| id | doaj.art-36e40737a6da45e49a70e2a9cc9ad2fc |
| institution | Directory Open Access Journal |
| issn | 1584-2339 2285-3065 |
| language | English |
| last_indexed | 2024-04-11T21:58:25Z |
| publishDate | 2017-09-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice |
| spelling | doaj.art-36e40737a6da45e49a70e2a9cc9ad2fc2022-12-22T04:01:01ZengSciendoStudia Universitatis Vasile Goldis Arad, Seria Stiinte Economice1584-23392285-30652017-09-01273335310.1515/sues-2017-0011sues-2017-0011Testing the Engel's law in the consumption pattern of Romanian populationNeagu Mădălin-Ioan0Teodoru Mircea Constantin1Technical University of Cluj-Napoca, RomaniaFaculty of Economics, Engineering and Informatics, Vasile Goldiș Western University of Arad, RomaniaThe aim of the paper is to test the valability of Engel's law in the Romanian consumption dynamics after 1990. We used NIS ad EUROSTAT data to interpret the dynamics of the households' income and consumption expenditures and its structure by destinations. We explored the relationship between consumption and income through the regression analysis and found that the Engel's law applies in the Romanian economy, since 1990 to 2016, with specific evolutions and influences.https://doi.org/10.1515/sues-2017-0011engel's lawincomeconsumptiontime-series modelb12b22e 21c01c22 |
| spellingShingle | Neagu Mădălin-Ioan Teodoru Mircea Constantin Testing the Engel's law in the consumption pattern of Romanian population Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice engel's law income consumption time-series model b12 b22 e 21 c01 c22 |
| title | Testing the Engel's law in the consumption pattern of Romanian population |
| title_full | Testing the Engel's law in the consumption pattern of Romanian population |
| title_fullStr | Testing the Engel's law in the consumption pattern of Romanian population |
| title_full_unstemmed | Testing the Engel's law in the consumption pattern of Romanian population |
| title_short | Testing the Engel's law in the consumption pattern of Romanian population |
| title_sort | testing the engel s law in the consumption pattern of romanian population |
| topic | engel's law income consumption time-series model b12 b22 e 21 c01 c22 |
| url | https://doi.org/10.1515/sues-2017-0011 |
| work_keys_str_mv | AT neagumadalinioan testingtheengelslawintheconsumptionpatternofromanianpopulation AT teodorumirceaconstantin testingtheengelslawintheconsumptionpatternofromanianpopulation |