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Estimating the cost of consumption of rich and poor households in Bulgaria

Author

Listed:
  • Tatyana Ivanova

    (University of Economics - Varna)

Abstract

This study focuses on the relationship between consumer spending and their main factors in Bulgarian recessionary economy. The survey provides estimates of the relationships between variables and parameters in the consumption function. Unlike other publications in this field, using aggregate data, this research takes into account differences in poor and rich households. This allows for a realistic assessment of the dynamics and trends in the consumption of different groups, as well as a detailed analysis of the impact of macroeconomic policy on it. Results allow to make several conclusions summarizing the nature and the factors that motivate consumer behavior and differences in consumption patterns of households surveyed categories.

Suggested Citation

  • Tatyana Ivanova, 2015. "Estimating the cost of consumption of rich and poor households in Bulgaria," Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, Union of Scientists - Varna, Economic Sciences Section, issue 1, pages 31-39, November.
    • Handle: RePEc:vra:journl:y:2015:i:1:p:31-39
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    File URL: http://www.su-varna.org/izdanij/2015/Econom-2015/Pages%2031-39.pdf
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    Citations

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    Cited by:

    1. Nikolay Peykov, 2021. "Structural Changes of Household Expenditures in Bulgaria – Engel’s Law and Baumol’s “Cost Disease”," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 134-155.

    More about this item

    Keywords

    consumption; consumption function; consumption expenditure; determinants of consumption;
    All these keywords.

    JEL classification:

    • A00 - General Economics and Teaching - - General - - - General

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