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Model analysis of the correlation between GDP and final consumption components

Author

Listed:
  • Constantin ANGHELACHE

    (Bucharest University of Economic Studies, „ARTIFEX” University of Bucharest)

  • Andreea Ioana MARINESCU

    (Bucharest University of Economic Studies)

  • Doina AVRAM

    (Bucharest University of Economic Studies)

  • Doina BUREA

    (Bucharest University of Economic Studies)

  • Gyorgy BODO

    (Bucharest University of Economic Studies)

Abstract

In this paper, authors analyze the evolution of the Gross Domestic Product, considered as dependent variable, under the influence of the components of final consumption. The final consumption of households, and the final consumption of public administration, are uses of the Gross Domestic Product. The final consumption can be considered as a major indicator of the Romanian economy dynamics, so the analysis of its influence, thus the analysis on its influence on economic growth will provide valuable results.

Suggested Citation

  • Constantin ANGHELACHE & Andreea Ioana MARINESCU & Doina AVRAM & Doina BUREA & Gyorgy BODO, 2017. "Model analysis of the correlation between GDP and final consumption components," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(2), pages 84-95, February.
    • Handle: RePEc:rsr:supplm:v:65:y:2017:i:2:p:84-95
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    References listed on IDEAS

    as
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    4. Andrew Mountford & Harald Uhlig, 2009. "What are the effects of fiscal policy shocks?," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 24(6), pages 960-992.
    5. Corbae,Dean & Durlauf,Steven N. & Hansen,Bruce E. (ed.), 2006. "Econometric Theory and Practice," Cambridge Books, Cambridge University Press, number 9780521807234.
    6. Constantin ANGHELACHE & Alexandru MANOLE, 2016. "The use of Regression Model In analysing the correlation between the monetary situation and the balance of payments," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 64(7), pages 30-35, July.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Consumption; GDP; public; private; regression;
    All these keywords.

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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