Identifying the Interdependence between Consumer Confidence and Macroeconomic Developments in Croatia (CROSBI ID 666747)
Prilog sa skupa u zborniku | sažetak izlaganja sa skupa | međunarodna recenzija
Podaci o odgovornosti
Matošec, Marina ; Obuljen Zoričić, Zdenka
engleski
Identifying the Interdependence between Consumer Confidence and Macroeconomic Developments in Croatia
This paper represents an empirical attempt to discern the interrelationship between consumer confidence and macroeconomic trends in Croatia. Previous studies that employ both subjective and objective variables show that consumer confidence, consumption and GDP in other countries are interdependent to a great extent. Apart from the mentioned variables, our study additionally includes savings, as another important determinant in household’s economic decision making. The results indicate that consumer confidence Granger- causes all selected macroeconomic variables and vice versa. Also, there are many significant interrelations between the macroeconomic variables. These findings confirm the predictive ability of consumer sentiment in Croatia, and suggest that combining subjective and objective indicators has an important role in understanding household’s economic behavior.
consumer confidence ; consumption ; savings ; GDP ; Granger causality
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Podaci o prilogu
124-124.
2018.
objavljeno
Podaci o matičnoj publikaciji
Book of Abstracts : 17th International Conference on Operational Research KOI 2018
Arnerić, Josip ; Čeh Časni, Anita
Zagreb: Hrvatsko društvo za operacijska istraživanja (CRORS)
Podaci o skupu
17th International Conference on Operational Research (KOI 2018)
predavanje
26.09.2018-28.09.2018
Zadar, Hrvatska