Testing the Engel's law in the consumption pattern of Romanian population

Neagu Mădălin-Ioan and Teodoru Mircea Constantin
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Neagu Mădălin-Ioan: Technical University of Cluj-Napoca, Romania
Teodoru Mircea Constantin: Faculty of Economics, Engineering and Informatics, Vasile Goldiș Western University of Arad, Romania

Studia Universitatis „Vasile Goldis” Arad – Economics Series, 2017, vol. 27, issue 3, 33-53

Abstract: The aim of the paper is to test the valability of Engel's law in the Romanian consumption dynamics after 1990. We used NIS ad EUROSTAT data to interpret the dynamics of the households' income and consumption expenditures and its structure by destinations. We explored the relationship between consumption and income through the regression analysis and found that the Engel's law applies in the Romanian economy, since 1990 to 2016, with specific evolutions and influences.

Keywords: Engel's law; income; consumption; time-series model (search for similar items in EconPapers)
JEL-codes: B12 B22 C01 C22 E (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:suvges:v:27:y:2017:i:3:p:33-53:n:3

DOI: 10.1515/sues-2017-0011

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