Testing the Engel's Law in the Consumption Pattern of Romanian Population

Authors

  • Mădălin Ioan Neagu Technical University of Cluj-Napoca image/svg+xml
  • Mircea Constantin Teodoru "Vasile Goldiș" Western University of Arad

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.

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Published

2017-09-25

Issue

Vol. 27 No. 3 (2017): Studia Universitatis "Vasile Goldiș" Arad - Economics Series

Section

Articles

How to Cite

Testing the Engel’s Law in the Consumption Pattern of Romanian Population. (2017). Studia Universitatis Vasile Goldiș Arad, Seria Științe Economice, 27(3), 33-53. https://publicatii.uvvg.ro/index.php/studiaeconomia/article/view/188