Specific Features of Econometric Consumption Models in Ukraine under Conditions of Instability and Structural Changes
Journal Title: Бізнес Інформ - Year 2014, Vol 3, Issue 0
Abstract
The article analyses dynamic properties of developed econometric consumption models, which are an important component of the study of specific features of the national economy development under conditions of instability and structural changes. The article conducts an empirical analysis of time dynamics of effects of influence upon consumption expenditures of households, change of permanent and temporary income, inflation rate, sensitivity to deviations from long-term tendencies and other factors. Econometric modelling, theoretical foundation of which is the permanent income hypothesis, is based on the use of the adaptive expectations model, partial adjustment model, seasonal differences and auto-regression model with distributed lags. Co-ordination of the results of all models shows that negative processes in the country economy, which developed in the result of the crisis that started in 2008, significantly worsened economic state of domestic consumers and resulted in a situation when practically all households in Ukraine today, having exhausted their resources and experiencing liquidity constraints, have no possibility to smooth their consumption in time and form their consumption expenditures on the basis of the current income.
Authors and Affiliations
Marianna Oliskevych
Innovation-Integration Paradigm of Clustering the Transport and Logistics Enterprises
Transport is one of the basic sectors of the national economy. Its effective functioning provides the basis for interaction and innovative development of all branches of the economic complex of the country. The transport...
Evaluation of Holdings of Securities of the Depository Corporations of Ukraine
The article assesses the level, dynamics, structure and composition of the holdings of securities in the context of the corporate management of depository corporations. A clear trend of the polynomial growth of holdings...
Innovation Potential of the Region as a Basis of Reproduction of Economic Potential
The article considers the role of innovation potential of a region in ensuring stable social reproduction of economic potential. It identifies components of innovation potential, which characterise resources and ability...
Application of the Positive International Experience of Tax Regulation of Investment and Innovation Activity in Ukraine
The goal of the article is to study the positive international experience in the sphere of tax regulation of investment and innovation activity and a possibility of its use in modern practice. It analyses application of...
Studying the Foreign Experience of Evaluating Intellectual Potential of Organizations
The use of intellectual capital (IC) is considered in developed countries as a strategic management tool for achievement of the organizations' success in innovative activities. The article is aimed at studying the foreig...