Consumption Expenditures on Food, Non-food Products and Services in Romania

Andrei Tudorel, Régis Bourbonnais and Andreea Mirica
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Andrei Tudorel: Académie des Etudes Economiques de Bucarest - Académie des études Economiques de Bucarest
Régis Bourbonnais: LEDa - Laboratoire d'Economie de Dauphine - IRD - Institut de Recherche pour le Développement - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique
Andreea Mirica: Académie des Etudes Economiques de Bucarest - Académie des études Economiques de Bucarest

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Abstract: This paper aims to assess the relationship between income and consumption expenditures of households in Romania between 1997 and 2022. The chosen econometric methods are the Augmented Dickey-Fuller and Phillip-Perron unit root tests, Granger causality tests and the Johansen-Juselius test. Our study highlights the fact that together with the increase in the monetary income, there was a considerable reduction in the income in kind that ensured the coverageof the consumption needs at the household level. Additionally, the increase in the population's monetary income is essential for reducing the share of expenses on the consumption of food products and increasing the consumption of non-food products and services.

Keywords: monetary income; income in kind; consumption; expenditures (search for similar items in EconPapers)
Date: 2024
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Published in Prague Economic Papers, 2024, 33 (5), pp.617-644. ⟨10.18267/j.pep.874⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04957211

DOI: 10.18267/j.pep.874

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