Open Access

Testing the Engel's law in the consumption pattern of Romanian population

Mădălin-Ioan Neagu

Mădălin-Ioan Neagu

Technical University of Cluj-NapocaRomania
Search for this author on
Sciendo|Google Scholar
Neagu, Mădălin-Ioan
 and 
Mircea Constantin Teodoru

Mircea Constantin Teodoru

Faculty of Economics, Engineering and Informatics, Vasile Goldiș Western University of AradRomania
Search for this author on
Sciendo|Google Scholar
Teodoru, Mircea Constantin
  
Oct 04, 2017
Testing the Engel's law in the consumption pattern of Romanian population's Cover Image
About this article
Previous Article
Next Article
Cite
Download Cover
Published Online: Oct 04, 2017
Page range: 33 - 53
Received: May 01, 2017
Accepted: Aug 01, 2017
DOI: https://doi.org/10.1515/sues-2017-0011
Keywords
© 2017 Mădălin-Ioan Neagu et al., published by De Gruyter Open
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The aim of the paper is to test the valability of Engel's law in the Romanian consumption dynamics after 1990. We used NIS ad EUROSTAT data to interpret the dynamics of the households' income and consumption expenditures and its structure by destinations. We explored the relationship between consumption and income through the regression analysis and found that the Engel's law applies in the Romanian economy, since 1990 to 2016, with specific evolutions and influences.

Language:
English
Publication timeframe:
4 times per year
Journal Subjects:
Business and Economics, Political Economics, Economic Policy, Business Management, Financial Reporting, Group Accounting, Accounting and Balancing, Marketing, Sales, Customer Relations, Industries, Banks, Financial Service Provider, Insurers
Journal RSS Feed