Consumption Development of V4 Countries over the Business Cycle
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F20%3A43918276" target="_blank" >RIV/62156489:43110/20:43918276 - isvavai.cz</a>
Result on the web
<a href="https://mme2020.mendelu.cz/wcd/w-rek-mme/mme2020_conference_proceedings_final.pdf" target="_blank" >https://mme2020.mendelu.cz/wcd/w-rek-mme/mme2020_conference_proceedings_final.pdf</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Consumption Development of V4 Countries over the Business Cycle
Original language description
This paper estimates marginal propensities to consume out of current and lagged disposable income for individual Visegrad Four countries using quarterly data covering the period from 1995(1) until 2018(4). To analyse the effect of business cycle on the consumption and disposable income development, these time series are divided into two subsamples according to the growth or decline of the real GDP. There are calculated growth rates of consumption expenditures and disposable income for the whole time series and separately for the different phases of business cycle. The average quarterly growth rates of consumption series are higher than the average quarterly growth rates of disposable income series. During expansion the average grow rates of consumption are even higher than of disposable income and during recessions the consumption decreased further then disposable income. Consumption is excessively sensitive to current income and consumption is not protected against business-cycle fluctuations.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2020
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Mathematical Methods in Economics 2020: Conference Proceedings
ISBN
978-80-7509-734-7
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
606-611
Publisher name
Mendelova univerzita v Brně
Place of publication
Brno
Event location
Brno
Event date
Sep 9, 2020
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000668460800092