Modelling consumption on the basis of the complete system of national accounts in Serbia - the wealth effect
System of National Accounts (SNA) data on the financial and non-financial assets of the household sector are not currently being compiled by official statistics in Serbia, but this situation will change on the path of convergence to the standards of EU economic and monetary union. This pape...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Faculty of Economics, Belgrade
2016-01-01
|
| Series: | Ekonomski Anali |
| Subjects: | |
| Online Access: | http://www.doiserbia.nb.rs/img/doi/0013-3264/2016/0013-32641608049J.pdf |
| Summary: | System of National Accounts (SNA) data on the financial and non-financial
assets of the household sector are not currently being compiled by official
statistics in Serbia, but this situation will change on the path of
convergence to the standards of EU economic and monetary union. This paper,
starting from models of consumption in developed and some former transition
countries that take into account the wealth effect based on the whole SNA,
analyses if this effect is taking place in Serbia. Research, based on
available data sources, has shown that the wealth variables of securities and
net financial wealth enter the consumption function in Serbia and it is yet
to be seen if this model will be different at some higher stage of economic
development or with better data. |
|---|---|
| ISSN: | 0013-3264 1820-7375 |