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Some Consumption Boundaries In The Standard Framework During Transition

Author

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  • Livia CHISAGIU

    () (Institute of National Economy – Romanian Academy)

Abstract

Comparative to standard consumption based on the theory of permanent income within a functional, mature market economy, we have identified for the population’s households consumption in Romania during transition some boundaries in this respect: - Firstly, the existence of a completely imbalanced structure of expenditures having as dominant the food consumption; - Consequently, an exaggerated ratio between two large expenditure segments which we have designated as compulsory expenditure/optional expenditure, to the detriment of the second segment; - Finally, probably the most important feature was the high contribution on sub-periods (of incomes and monetary expenditures decreases) of selfconsumption in satisfying the consumption needs which triggered for a good part of them the satisfaction outside market transactions, selfconsumption building itself into a substitute of negative saving.

Suggested Citation

  • Livia CHISAGIU, 2012. "Some Consumption Boundaries In The Standard Framework During Transition," Romanian Journal of Economics, Institute of National Economy, vol. 34(1(43)), pages 157-175, June.
  • Handle: RePEc:ine:journl:v:1:y:2012:i:43:p:157-175
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    More about this item

    Keywords

    self-consumption; positive saving; negative saving; compulsory expenditure/optional expenditure;

    JEL classification:

    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis

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