Prague Economic Papers 2024, 33(5):617-644

Consumption Expenditures on Food, Non-food Products and Services in Romania

Andrei Tudorel ORCID..., Bourbonnais Régis ORCID..., Mirică Andreea ORCID...
Andrei Tudorel, Mirică Andreea: Faculty of Economic Cybernetics, Statistics and Informatics, Bucharest University of Economic Studies, Bucharest, Romania
Bourbonnais Régis: Laboratoire Economie Dauphine, Université Paris Dauphine, Paris, France

This paper aims to assess the relationship between income and consumption expenditures of households in Romania between 1997 and 2022. The chosen econometric methods are the Augmented Dickey-Fuller and Phillip-Perron unit root tests, Granger causality tests and the Johansen-Juselius test. Our study highlights the fact that together with the increase in the monetary income, there was a considerable reduction in the income in kind that ensured the coverage of the consumption needs at the household level. Additionally, the increase in the population's monetary income is essential for reducing the share of expenses on the consumption of food products and increasing the consumption of non-food products and services.

Klíčová slova: monetary income, income in kind, consumption, expenditures
JEL classification: A10, A13, Q11, Q18

Vloženo: 22. duben 2024; Revidováno: 17. červenec 2024; Přijato: 8. srpen 2024; Zveřejněno: 31. říjen 2024  Zobrazit citaci

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Tudorel, A., Régis, B., & Andreea, M. (2024). Consumption Expenditures on Food, Non-food Products and Services in Romania. Prague Economic Papers, 33(5), 617-644
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