Naslov
Identifying the Interdependence between Consumer Confidence and Macroeconomic Developments in Croatia

Autori
Matošec, Marina ; Obuljen Zoričić, Zdenka

Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, sažetak, znanstveni

Izvornik
Book of Abstracts : 17th International Conference on Operational Research KOI 2018 / Arnerić, Josip ; Čeh Časni, Anita - Zagreb : Hrvatsko društvo za operacijska istraživanja (CRORS), 2018, 124-124

Skup
17th International Conference on Operational Research (KOI 2018)

Mjesto i datum
Zadar, Hrvatska, 26.09.2018. - 28.09.2018

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
consumer confidence ; consumption ; savings ; GDP ; Granger causality

Sažetak
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.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA