Naslov
Empirical Study of Real Retail Trade Turnover

Autori
Arnerić, Josip ; Jurun, Elza ; Kordić, Lana

Izvornik
Proceedings of World Academy of Science, Engineering and Technology 49, 637-641

Vrsta, podvrsta
Ostale vrste radova, ostali članci/prilozi

Godina
2009

Ključne riječi
consumption society ; multiple econometric model ; real retail trade turnover ; second order autocorrelation

Sažetak
This paper deals with econometric analysis of real retail trade turnover. It is a part of an extensive scientific research about modern trends in Croatian national economy. At the end of the period of transition economy, Croatia confronts with challenges and problems of high consumption society. In such environment as crucial economic variables: real retail trade turnover, average monthly real wages and household loans are chosen for consequence analysis. For the purpose of complete procedure of multiple econometric analysis data base adjustment has been provided. Namely, it has been necessary to deflate original national statistics data of retail trade turnover using consumer price indices, as well as provide process of seasonally adjustment of its contemporary behavior. In model establishment it has been necessary to involve the overcoming procedure for the autocorrelation and colinearity problems. Moreover, for case of time-series shift a specific appropriate econometric instrument has been applied. It would be emphasize that the whole methodology procedure is based on the real Croatian national economy time-series.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

Napomena
Rad je objavljen i u: International Journal of Business, Economics, Finance and Management Sciences 1 (2009) (4) 280-284 ; ISSN 2073-0519 : http://www.waset.org/journals/ijbefms/v1/v1-4-40.pdf

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