EconPapers    
Economics at your fingertips  
 

VAR - MODELS OF SHOCKS IN THE BUSINESS CYCLES OF FINAL CONSUMPTION EXPENDITURE OF HOUSEHOLDS

Dimitar Radilov and Georgi Chervenski

Economic Archive, 2016, issue 2, 2

Abstract: The article has experimented with a methodology for using vector autoregressive models (VAR) to study the impact of shocks in the business climate and economic activity on the business cycles of final consumption expenditure of households. It refers to six countries in Central and Eastern Europe (Bulgaria, Czech Republic, Hungary, Poland, Romania and Slovakia) for the period 2000 to 2015. The results show that the expectations for the financial situation of households over the next 12 months and the level of employment have a stimulating effect on the business cycle of final consumption expenditure of households. The expectations for unemployment,inflation and savings over the next 12 months have a negative impact on the business cycles.

Keywords: business cycle; business climate; economic activity; final consumption expenditure of households; VAR; impulse responses (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://hdl.handle.net/10610/3088

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:dat:earchi:y:2016:i:2:p:2

Access Statistics for this article

Economic Archive is currently edited by Andrey Zahariev

More articles in Economic Archive from D. A. Tsenov Academy of Economics, Svishtov, Bulgaria Contact information at EDIRC.
Bibliographic data for series maintained by Kostadin Bashev (digital@uni-svishtov.bg).

 
Page updated 2022-05-28
Handle: RePEc:dat:earchi:y:2016:i:2:p:2