Financial Development and Consumption
- 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/).
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 -