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2017•RePEc: Research Papers in EconomicsRequires access

Analysis of the Econometric model of the correlation between GDP and final consumption

Mădălina-Gabriela Anghel, Radu Stefan Stoica, Tudor Samson, Alexandru Badiu

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Abstract

The final consumption is one of the most important components of the Romanian GDP structural model. Divided into private and public consumption, this indicator offers valuable insight especially on the populations’ determination to consume. Also, it measures the public consumption, a variable that is important in budgetary analyses. Thus, the influence of the final consumption on the GDP is one of the key topics in macroeconomic analyses.

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What this paper is about

The final consumption is one of the most important components of the Romanian GDP structural model. Divided into private and public consumption, this indicator offers valuable insight especially on the populations’ determination to consume. Also, it measures the public consumption, a variable that is important in budgetary analyses. Thus, the influence of the final consumption on the GDP is one of the key topics in macroeconomic analyses.

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OpenAlex reports 6 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

The final consumption is one of the most important components of the Romanian GDP structural model. Divided into private and public consumption, this indicator offers valuable insight especially on the populations’ determination to consume. Also, it measures the public consumption, a variable that is important in budgetary analyses. Thus, the influence of the final consumption on the GDP is one of the key topics in macroeconomic analyses.

Key concepts: Consumption (sociology), Private consumption, Economics, Econometrics, Econometric model, Romanian, Variable (mathematics), Real gross domestic product

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