Article ID Journal Published Year Pages File Type
983216 Procedia Economics and Finance 2014 10 Pages PDF
Abstract

The paper investigates selected macroeconomic variables where are seemingly influencing household spending in the Czech Republic in the present era of evolving cross-cultural interactions from 1993–2012. Based on the estimated regression model, it is plausible to state that net disposable income, cross-cultural dynamics, inflation rate, and saving rate as a proportion of disposable household income impact significantly on household spending. Moreover, the Granger causality analysis provides evidence of a feedback relationship between household spending and social globalization index. The results equally indicate bidirectional causality between saving rate and household spending as well as between the inflation rate and household spending.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics