The Role of Confidence Indicator in Determination of Consumption Expenditures in Selected EU Member Countries

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F13%3A86086822" target="_blank" >RIV/61989100:27510/13:86086822 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
The Role of Confidence Indicator in Determination of Consumption Expenditures in Selected EU Member Countries
Original language description
The article is oriented on the role of consumer confidence indicator in determination of consumption expenditures in European territory. The confidence indicator was already confirmed as a coincident indicator of consumption. It was also approved as a coincident indicator within the context of The Rational Expectation Permanent Income Hypothesis (REPIH) because of its ability to predict future income. Although the conception of REPIH was already rejected on UK data, the significance of confidence indicator for explanation of GDP or consumer expenditures variability was accepted. For the analyses of significance of confidence indicator for prediction consumption spending in European territory EU harmonized consumer confidence indicator is used. The estimation are made with panel data from selected EU member countries: Czech Republic, Slovakia, Italy, Spain, Portugal, Germany, France, Netherlands, Austria, Denmark and Belgium. According to the common harmonized system of consumer tendenc
Czech name
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Czech description
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Publication year
2013
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Mathematical Methods in Economics 2013 : 31st international conference : 11-13 September 2013, Jihlava, Czech Republic
ISBN
978-80-87035-76-4
ISSN
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e-ISSN
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Number of pages
5
Pages from-to
1041-1045
Publisher name
College of Polytechnics Jihlava
Place of publication
Jihlava
Event location
Jihlava
Event date
Sep 11, 2013
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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