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How Economic Activity Affects The Economic Cycles Of Individual Consumption Expenditure Of Government In Central And Eastern Europe

Author

Listed:
  • Georgi Chernevski

    (University of Economics-Varna)

Abstract

This article experiments a methodology for calculating cross-correlation coefficients measuring the economic cycles of individual consumption expenditure of government and economic activity synchronization. The aim of this article is to compare the economic cycles of individual consumption expenditure of government and economic activity synchronization in Central and Eastern Europe. The results show that the index of industrial production is a procyclical indicator. There is a low positive correlation between the economic cycles of individual consumption expenditure of government and government gross debt in Croatia, Romania, Hungary and Slovakia. The cross-correlation coefficient is considered to be negligible in Bulgaria.

Suggested Citation

  • Georgi Chernevski, 2016. "How Economic Activity Affects The Economic Cycles Of Individual Consumption Expenditure Of Government In Central And Eastern Europe," Economics and computer science, Publishing house "Knowledge and business" Varna, issue 4, pages 59-66.
    • Handle: RePEc:kab:journl:y:2016:i:4:p:59-66
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    File URL: http://eknigibg.net/Volume2/Issue4/spisanie-br4-2016-pp.59-66.pdf
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    More about this item

    Keywords

    individual consumption expenditure of general government; economic cycle; cross-correlation; synchronization;
    All these keywords.

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics

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