Consumption Expenditure in Romania – between Present Constraints and Past Habits

Moraru Andreea-Daniela () and Baca Eleonora ()
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Moraru Andreea-Daniela: Ovidius University of Constanta Faculty of Economic Sciences
Baca Eleonora: Ovidius University of Constanta

Ovidius University Annals, Economic Sciences Series, 2015, vol. XV, issue 1, 552-555

Abstract: The magnitude and the obvious negative effects of the economic crisis have reshaped mentalities and announced the advent of a new type of consumer - more conscious, more rational, more inclined to save, and to postpone high value and indulgence purchases. While the influence of present economic factors on consumption is obvious and undeniable it seems rather natural to assume that present consumption depends not only on present economic factors but also on past factors. The paper was aimed therefore at testing whether previous income, previous wealth and previous consumption levels have a persistent influence thus affecting present consumption expenditure in the case of Romania. The results revealed that present consumption is influenced first and foremost by present income, and secondarily by present wealth; also significant were found both the influences of previous income and previous wealth on present consumption.

Keywords: consumption; persistence; influence; Romania (search for similar items in EconPapers)
JEL-codes: B22 C13 E21 N14 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xv:y:2015:i:1:p:552-555

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