Consumption and Gross Domestic Product Dynamic – Empirical Research and Results

Tatiana Ivanova ()
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Tatiana Ivanova: University of Economics, Varna, Bulgaria

Nauchni trudove, 2020, issue 1, 261-273

Abstract: This article is a scientific review of empirical research on the role of consumption in the economy. Consequently, studies on aggregate consumption and energy consumption are presented, with a place of publication for Bulgaria. The position of the authors, as well as the results of their analysis, are contradictory, do not lead to a conclusive conclusion and there is no overall causal link. The research results testify that none of the economic doctrines is capable of making universal recommendations, the blind follow-up of which will ensure economic policy success and the sustainability of the economic system.

Keywords: aggregate consumption; economic growth; energy consumption; GDP (search for similar items in EconPapers)
JEL-codes: B51 B52 E1 E21 O4 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:nwe:natrud:y:2020:i:1:p:261-273

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