Naslov
Modelling housing wealth effect on personal consumption in selected EU countries

Autori
Čeh Časni, Anita

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Proceedings of the ISCCRO- International Statistical Conference in Croatia / Dumičić, Ksenija ; Erjavec, Nataša ; Pejić Bach, Mirjana - Zagreb : Hrvatsko statističko društvo, 2016, 123-129

Skup
The 1st International Statistical Conference in Croatia: New Challenges of Official and Applied Statistics in European Union

Mjesto i datum
Zagreb, Hrvatska, 05.05.2016. - 06.05.2016

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
EU countries ; housing wealth effect ; personal consumption ; pooled mean group estimator

Sažetak
This study examines the long-run and the short- run relationship between private consumption, housing wealth, and income. In order to asses this relationship empirically the pooled mean group estimator of dynamic heterogeneous panel data on the sample of 16 selected European countries was used. Empirical estimates support the existence of the long-run and the short-run housing wealth effect in analyzed countries. Namely, elasticity of real private consumption to changes in real disposable income is 0.34, while the elasticity of consumption to changes in real housing wealth is 0.14. This elasticity is positive and statistically significant and confirms the research hypothesis of this paper of statistically significant and positive long- term relationship between housing wealth and private consumption in the analyzed countries.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

Napomena
Ovaj rad je u potpunosti podržan od strane Hrvatske zaklade za znanost kao dio znanstvenog projekta „Statistical Modelling for Response to Crisis and Economic Growth in Western Balkan Countries“ (STRENGTHS) ; Broj projekta: HRZZ-IP-2013-11-9402 ; Voditeljica: prof. dr. sc. Ksenija Dumičić. Sažetak ovoga rada objavljen je u Book of Abstracts of the ISCCRO - International Statistical Conference in Croatia - Zagreb, Croatia, 05-06 May 2016 ; Conference Topic: „New Challenges of Official and Applied Statistics in European Union“, Vol. 1, No. 1. Chief Editors: Ksenija Dumičić ; Nataša Erjavec ; Mirjana Pejić Bach. Croatian Statistical Association Zagreb, 2016. ISSN: 1849-9864. p. 49.

POVEZANOST RADA