Modeling Real Private Consumption Expenditure in Bulgaria after the Currency Board Implementation (1997-2005)
In this paper, an econometric model of consumption in Bulgaria for the period 1997-2005 is constructed. The Error-Correction Model (ECM) approach is employed and long-run relationship between household consumption and income was found. The primary purpose of this empirical paper is to get a better u...
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| Format: | Article |
| Language: | English |
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Sciendo
2015-05-01
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| Series: | Zagreb International Review of Economics and Business |
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| Online Access: | https://doi.org/10.1515/zireb-2015-0005 |