Връзка между бруто образуването на основен капитал, кредити и спестявания на домакинствата в България
Nexus Between Gross Fixed Capital Formation, Household Loans and Savings in Bulgaria
Author(s): Konstantin Kolev, Maya TsoklinovaSubject(s): Politics / Political Sciences, Politics, Social Sciences, Economy, National Economy, Business Economy / Management, Sociology, Economic policy, Developing nations, Evaluation research, Economic development, Socio-Economic Research
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: gross fixed capital formation; household savings; household loans; vector error correction model (VECM)
Summary/Abstract: The goal of this article is to analyze the impact of household savings and household loans on gross fixed capital formation in Bulgaria. The research is carried out on the basis of quarterly data for the 2010-2023 period. The sources of the data are the National Statistical Institute (NSI) and the Bulgarian National Bank (BNB). The algorithm of the empirical research includes: checking for stationarity by means of the extended Dickey-Fuller test; determining the optimal lag of the model; Johansen cointegration test; specification of vector error correction model (VECM). As a result of the research, it has been established that there is a long-term relationship between the variables gross fixed capital formation, household savings and household loans. At the same time, about 39.2% of the disequilibrium between the studied variables in a certain quarter is compensated in the next one.
Journal: Икономически и социални алтернативи
- Issue Year: 30/2024
- Issue No: 3
- Page Range: 5-17
- Page Count: 13
- Language: Bulgarian
