The Impact of the Main Macroeconomic Indicators on the Final Consumption oft he Population
The Impact of the Main Macroeconomic Indicators on the Final Consumption oft he Population
Author(s): Consuela I. Necşulescu, Luminiţa L. ŞerbănescuSubject(s): Economy
Published by: Fundatia Română pentru Inteligenta Afacerii
Keywords: GDP; inflation rate; unemployment rate; final consumption of the population; statistical tests
Summary/Abstract: In the last few years, and especially after the beginning of the economic and financial crisis in Romania, significant changes occurred in the macroeconomic indicators conditioning the final consumption of the population. Consequently, in this article, we aimed at analysing the evolution of the main macroeconomic indicators (the Gross Domestic Product-GDP, the inflation rate, the unemployment rate) influencing the final consumption of the population, as well as the correlation among these variables. For the analysis of these correlations I proposed using the linear regression model. The analysis of the trend and of the causal links among the studied variables uses annual series from the 2000 – 2012 period. For the statistical processing and the econometric modelling we used software Excel and Eviews software packages.
Journal: SEA – Practical Application of Science
- Issue Year: II/2014
- Issue No: 03
- Page Range: 388-396
- Page Count: 9
- Language: English