A time series analysis of macroeconomic determinants of household spending in the era of cross-cultural dynamics: Czech Republic as a case study

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

A time series analysis of macroeconomic determinants of household spending in the era of cross-cultural dynamics: Czech Republic as a case study

Popis výsledku v původním jazyce

The paper investigates selected macroeconomic variables where are seemingly influencing household spending in the Czech Republic in the present era of evolving cross-cultural interactions from 1993--2012. Based on the estimated regression model, it is plausible to state that net disposable income, cross-cultural dynamics, inflation rate, and saving rate as a proportion of disposable household income impact significantly on household spending. Moreover, the Granger causality analysis provides evidence ofa feedback relationship between household spending and social globalization index. The results equally indicate bidirectional causality between saving rate and household spending as well as between the inflation rate and household spending.

Název v anglickém jazyce

A time series analysis of macroeconomic determinants of household spending in the era of cross-cultural dynamics: Czech Republic as a case study

Popis výsledku anglicky

The paper investigates selected macroeconomic variables where are seemingly influencing household spending in the Czech Republic in the present era of evolving cross-cultural interactions from 1993--2012. Based on the estimated regression model, it is plausible to state that net disposable income, cross-cultural dynamics, inflation rate, and saving rate as a proportion of disposable household income impact significantly on household spending. Moreover, the Granger causality analysis provides evidence ofa feedback relationship between household spending and social globalization index. The results equally indicate bidirectional causality between saving rate and household spending as well as between the inflation rate and household spending.

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

2014

Kód důvěrnosti údajů

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

Název statě ve sborníku

17th International Conference Enterprise And Competitive Environment 2014

ISBN

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ISSN

2212-5671

e-ISSN

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Počet stran výsledku

10

Strana od-do

733-742

Název nakladatele

Elsevier Science Bv

Místo vydání

Amsterdam, Netherlands

Místo konání akce

Brno, CZECH REPUBLIC

Datum konání akce

6. 3. 2014

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

345439100087