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  • The objective of this paper is to examine a potential influence of advertising on private consumption as one of the factors that determine consumption. GDP (DPI), interest rates, but also advertising may be considered as important factors that can accelerate the development or change the direction of development of private consumption. A debate on effects of these factors is carried on in the paper. Determinants of advertising expenses as well as potential influence of advertising on private consumption will be studied. This general theme will be specified under conditions of American economy and examined during a period of almost 80 years (1929-2008). The GLS method of estimation with application of Cochrane-Orcutt regression demonstrates that advertising is not an important variable of private consumption at aggregate level on the contrary to DPI and private savings.
  • The objective of this paper is to examine a potential influence of advertising on private consumption as one of the factors that determine consumption. GDP (DPI), interest rates, but also advertising may be considered as important factors that can accelerate the development or change the direction of development of private consumption. A debate on effects of these factors is carried on in the paper. Determinants of advertising expenses as well as potential influence of advertising on private consumption will be studied. This general theme will be specified under conditions of American economy and examined during a period of almost 80 years (1929-2008). The GLS method of estimation with application of Cochrane-Orcutt regression demonstrates that advertising is not an important variable of private consumption at aggregate level on the contrary to DPI and private savings. (en)
Title
  • Advertising as a possible determinant of private consumption
  • Advertising as a possible determinant of private consumption (en)
skos:prefLabel
  • Advertising as a possible determinant of private consumption
  • Advertising as a possible determinant of private consumption (en)
skos:notation
  • RIV/62156489:43110/10:00155400!RIV10-MSM-43110___
http://linked.open...avai/riv/aktivita
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  • Z(MSM6215648904)
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  • 245552
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  • RIV/62156489:43110/10:00155400
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  • interest rates; private consumption; GDP; Advertising; personal disposable income (en)
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http://linked.open...ontrolniKodProRIV
  • [E76FB9FD65C6]
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  • Brno
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  • Brno
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  • Firma a konkurenční prostředí 2010
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  • Grochová, Ladislava
http://linked.open...vavai/riv/typAkce
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number of pages
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  • Provozně ekonomická fakulta, Mendelova univerzita v Brně
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  • 978-80-7375-385-6
http://localhost/t...ganizacniJednotka
  • 43110
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