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Consumption and Gross Domestic Product Dynamic – Empirical Research and Results

Author

Listed:
  • Tatiana Ivanova

    () (University of Economics, Varna, Bulgaria)

Abstract

This article is a scientific review of empirical research on the role of consumption in the economy. Consequently, studies on aggregate consumption and energy consumption are presented, with a place of publication for Bulgaria. The position of the authors, as well as the results of their analysis, are contradictory, do not lead to a conclusive conclusion and there is no overall causal link. The research results testify that none of the economic doctrines is capable of making universal recommendations, the blind follow-up of which will ensure economic policy success and the sustainability of the economic system.

Suggested Citation

  • Tatiana Ivanova, 2020. "Consumption and Gross Domestic Product Dynamic – Empirical Research and Results," Nauchni trudove, University of National and World Economy, Sofia, Bulgaria, issue 1, pages 261-273, May.
  • Handle: RePEc:nwe:natrud:y:2020:i:1:p:261-273
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    File URL: http://unwe-research-papers.org/bg/journalissues/article/10241
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    More about this item

    Keywords

    aggregate consumption; economic growth; energy consumption; GDP;
    All these keywords.

    JEL classification:

    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • E1 - Macroeconomics and Monetary Economics - - General Aggregative Models
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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