Proceedings of the 2017 International Conference on Education, Economics and Management Research (ICEEMR 2017)

Financial Development and Consumption

Authors
Maryam Almasifard, Mohammadhossein Saeedi
Corresponding Author
Maryam Almasifard
Available Online May 2017.
DOI
10.2991/iceemr-17.2017.126How to use a DOI?
Keywords
financial development, gross domestic product, final consumption, panel data regression
Abstract

The paper use panel regression method to assess the relationship between a certain indicator of financial development and consumption as a share of Gross Domestic Product (GDP). By analyzing a sample of eight central and eastern European countries (Hungary, Bulgaria, Poland, Czech Republic, Slovenia, Romania, Ukraine and Belarus), between 1993 and 2010, we realized that the lagged value of final consumption expenditure (as a percentage of GDP) has a positive and statistically significant effect on the share of final consumption expenditure in Gross Domestic Product. It should be mentioned that real interest rate also shows a positive and statistically significant effect.

Copyright
© 2017, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 2017 International Conference on Education, Economics and Management Research (ICEEMR 2017)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
May 2017
ISBN
10.2991/iceemr-17.2017.126
ISSN
2352-5398
DOI
10.2991/iceemr-17.2017.126How to use a DOI?
Copyright
© 2017, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Maryam Almasifard
AU  - Mohammadhossein Saeedi
PY  - 2017/05
DA  - 2017/05
TI  - Financial Development and Consumption
BT  - Proceedings of the 2017 International Conference on Education, Economics and Management Research (ICEEMR 2017)
PB  - Atlantis Press
SP  - 510
EP  - 512
SN  - 2352-5398
UR  - https://doi.org/10.2991/iceemr-17.2017.126
DO  - 10.2991/iceemr-17.2017.126
ID  - Almasifard2017/05
ER  -