Consumption Development of V4 Countries over the Business Cycle

Kód výsledku v 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>

Výsledek na webu

<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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Jazyk výsledku

angličtina

Název v původním jazyce

Consumption Development of V4 Countries over the Business Cycle

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Consumption Development of V4 Countries over the Business Cycle

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2020

Kód důvěrnosti údajů

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

Název statě ve sborníku

Mathematical Methods in Economics 2020: Conference Proceedings

ISBN

978-80-7509-734-7

ISSN

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e-ISSN

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Počet stran výsledku

6

Strana od-do

606-611

Název nakladatele

Mendelova univerzita v Brně

Místo vydání

Brno

Místo konání akce

Brno

Datum konání akce

9. 9. 2020

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000668460800092