Testing the Engel's law in the consumption pattern of Romanian population
e
04 ott 2017
INFORMAZIONI SU QUESTO ARTICOLO
Pubblicato online: 04 ott 2017
Pagine: 33 - 53
Ricevuto: 01 mag 2017
Accettato: 01 ago 2017
DOI: https://doi.org/10.1515/sues-2017-0011
Parole chiave
© 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.