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| Description
| - This paper proposes an econometric model of consumption function focusing on macroeconomic determinants under the condition of the CEE countries. Hence, the main aim of the paper is verifying selected models of consumption function and subsequently, the suitability of their application to conditions of real economic situation in the CEE countries. The attention is paid to short- and long-run patterns of behaviour applying a vector error correction model (VECM) that is suitable to study abovementioned problems. The long-run relations are estimated using real private consumption, real national disposable income per capita, real interest rates, anticipated inflation, and dummy for the CEE countries in levels and the short-run fluctuations from equilibrium using the same sample of variables are studied in differences. Hall's hypothesis on the impact of wealth on consumption is also examined including M3 aggregate as a proxy of financial wealth. The research is based on unbalanced panel analysis using selected developed countries data covering the period from 1970 to 2011. Since there is a tendency in changing consumer behaviour during 2008 crisis period it is convenient to use the dummy variable in order to prevent from biased results and to obtain interesting information about the topic.
- This paper proposes an econometric model of consumption function focusing on macroeconomic determinants under the condition of the CEE countries. Hence, the main aim of the paper is verifying selected models of consumption function and subsequently, the suitability of their application to conditions of real economic situation in the CEE countries. The attention is paid to short- and long-run patterns of behaviour applying a vector error correction model (VECM) that is suitable to study abovementioned problems. The long-run relations are estimated using real private consumption, real national disposable income per capita, real interest rates, anticipated inflation, and dummy for the CEE countries in levels and the short-run fluctuations from equilibrium using the same sample of variables are studied in differences. Hall's hypothesis on the impact of wealth on consumption is also examined including M3 aggregate as a proxy of financial wealth. The research is based on unbalanced panel analysis using selected developed countries data covering the period from 1970 to 2011. Since there is a tendency in changing consumer behaviour during 2008 crisis period it is convenient to use the dummy variable in order to prevent from biased results and to obtain interesting information about the topic. (en)
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| Title
| - Quantitative modelling of consumption patterns in the CEEC
- Quantitative modelling of consumption patterns in the CEEC (en)
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| skos:prefLabel
| - Quantitative modelling of consumption patterns in the CEEC
- Quantitative modelling of consumption patterns in the CEEC (en)
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| skos:notation
| - RIV/62156489:43110/13:00204780!RIV14-MSM-43110___
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| http://linked.open...avai/riv/aktivita
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| http://linked.open...avai/riv/aktivity
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| http://linked.open...vai/riv/dodaniDat
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| http://linked.open...aciTvurceVysledku
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| http://linked.open.../riv/druhVysledku
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| http://linked.open...iv/duvernostUdaju
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| http://linked.open...titaPredkladatele
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| http://linked.open...dnocenehoVysledku
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| http://linked.open...ai/riv/idVysledku
| - RIV/62156489:43110/13:00204780
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| http://linked.open...riv/jazykVysledku
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| http://linked.open.../riv/klicovaSlova
| - CEEC; consumption function; unbalanced panel (en)
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| http://linked.open.../riv/klicoveSlovo
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| http://linked.open...ontrolniKodProRIV
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| http://linked.open...v/mistoKonaniAkce
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| http://linked.open...i/riv/mistoVydani
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| http://linked.open...i/riv/nazevZdroje
| - Proceedings of the 31st International Conference Mathematical Methods in Economics 2013
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| http://linked.open...in/vavai/riv/obor
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| http://linked.open...ichTvurcuVysledku
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| http://linked.open...cetTvurcuVysledku
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| http://linked.open...vavai/riv/projekt
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| http://linked.open...UplatneniVysledku
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| http://linked.open...iv/tvurceVysledku
| - Grochová, Ladislava
- Střelec, Luboš
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| http://linked.open...vavai/riv/typAkce
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| http://linked.open.../riv/zahajeniAkce
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| number of pages
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| http://purl.org/ne...btex#hasPublisher
| - College of Polytechnics Jihlava
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| https://schema.org/isbn
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| http://localhost/t...ganizacniJednotka
| |
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