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

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

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

Popis výsledku anglicky

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

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2013

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

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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Počet stran výsledku

5

Strana od-do

1041-1045

Název nakladatele

College of Polytechnics Jihlava

Místo vydání

Jihlava

Místo konání akce

Jihlava

Datum konání akce

11. 9. 2013

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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