Structure of Final Consumption in Light of GDP Dynamics

This paper studies the evolution of the relationship between households' and general government's expenditure on final consumption in the most recent 15 years; our data covers more than 30 countries. The most recent 15-year period has been characterised by variability in the worldwide ec...

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Main Authors: Luboš Marek, Stanislava Hronová, Richard Hindls
Format: Article
Language:English
Published: Czech Statistical Office 2017-09-01
Series:Statistika: Statistics and Economy Journal
Subjects:
Online Access:https://www.czso.cz/documents/10180/45606531/32019717q3005.pdf/7f52bf73-1515-49c9-9ac8-2a74115566bf?version=1.0
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author Luboš Marek
Stanislava Hronová
Richard Hindls
author_facet Luboš Marek
Stanislava Hronová
Richard Hindls
author_sort Luboš Marek
collection DOAJ
description This paper studies the evolution of the relationship between households' and general government's expenditure on final consumption in the most recent 15 years; our data covers more than 30 countries. The most recent 15-year period has been characterised by variability in the worldwide economic development; hence this paper mainly focuses on the relationship to the rate of GDP growth. The mentioned relationship has also been assessed from the viewpoints of both the economic policy and the concepts that may be utilised by political representatives as the tools for controlling such economic policy. This text aims at pointing out the importance of utilising the indicated issues, as related to the evolution of the relationship between the structure of the final consumption and the rate of economic growth, as well as the necessity of a proactive approach to the cognitive and behavioural activities, rather than in the modelling area, which has been visibly prevailing lately.
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spelling doaj.art-43eb5e50d38c47b9845350946141a6c02022-12-21T18:23:04ZengCzech Statistical OfficeStatistika: Statistics and Economy Journal0322-788X1804-87652017-09-01973515Structure of Final Consumption in Light of GDP DynamicsLuboš Marek0Stanislava Hronová1Richard Hindls2University of Economics, Prague, Czech RepublicUniversity of Economics, Prague, Czech RepublicUniversity of Economics, Prague, Czech RepublicThis paper studies the evolution of the relationship between households' and general government's expenditure on final consumption in the most recent 15 years; our data covers more than 30 countries. The most recent 15-year period has been characterised by variability in the worldwide economic development; hence this paper mainly focuses on the relationship to the rate of GDP growth. The mentioned relationship has also been assessed from the viewpoints of both the economic policy and the concepts that may be utilised by political representatives as the tools for controlling such economic policy. This text aims at pointing out the importance of utilising the indicated issues, as related to the evolution of the relationship between the structure of the final consumption and the rate of economic growth, as well as the necessity of a proactive approach to the cognitive and behavioural activities, rather than in the modelling area, which has been visibly prevailing lately.https://www.czso.cz/documents/10180/45606531/32019717q3005.pdf/7f52bf73-1515-49c9-9ac8-2a74115566bf?version=1.0Final consumption expenditure of householdsgovernment final consumption expenditureGDPeconomic crisis
spellingShingle Luboš Marek
Stanislava Hronová
Richard Hindls
Structure of Final Consumption in Light of GDP Dynamics
Statistika: Statistics and Economy Journal
Final consumption expenditure of households
government final consumption expenditure
GDP
economic crisis
title Structure of Final Consumption in Light of GDP Dynamics
title_full Structure of Final Consumption in Light of GDP Dynamics
title_fullStr Structure of Final Consumption in Light of GDP Dynamics
title_full_unstemmed Structure of Final Consumption in Light of GDP Dynamics
title_short Structure of Final Consumption in Light of GDP Dynamics
title_sort structure of final consumption in light of gdp dynamics
topic Final consumption expenditure of households
government final consumption expenditure
GDP
economic crisis
url https://www.czso.cz/documents/10180/45606531/32019717q3005.pdf/7f52bf73-1515-49c9-9ac8-2a74115566bf?version=1.0
work_keys_str_mv AT lubosmarek structureoffinalconsumptioninlightofgdpdynamics
AT stanislavahronova structureoffinalconsumptioninlightofgdpdynamics
AT richardhindls structureoffinalconsumptioninlightofgdpdynamics