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Analysis of the Correlation between GDP and the Final Consumption

Author

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  • Constantin ANGHELACHE

    (“ARTIFEX” University of Bucharest)

Abstract

This paper presents the results of the researches performed by the author regarding the evolution of Gross Domestic Product. One of the main aspects of GDP analysis is the correlation with the final consumption, an important macroeconomic indicator. The evolution of the Gross Domestic Product is highly influenced by the evolution of the final consumption. To analyze the correlation, the paper proposes the use of the linear regression model, as one of the most appropriate instruments for such scientific approach. The regression model described in the article uses the GDP as resultant variable and the final consumption as factorial variable.

Suggested Citation

  • Constantin ANGHELACHE, 2011. "Analysis of the Correlation between GDP and the Final Consumption," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(9(562)), pages 129-138, September.
  • Handle: RePEc:agr:journl:v:9(562):y:2011:i:9(562):p:129-138
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    Keywords

    consumption; model; evolution; variable; economy.;

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