INVESTIGATION OF INTERDEPENDENCE AND CHANGES IN LITHUANIA HOUSEHOLD CONSUMPTION AND ECONOMIC INDICATORS

Journal Title: VADYBA - Year 2015, Vol 26, Issue 1

Abstract

In order to identify interdependence of Lithuania household consumption and macroeconomic indicators, an empirical study provided. Changes of Lithuania household budgets for 2007 – 2013 year determined by calculating chain indices, savings rate and its chain indices for 2008 – 2013 year also was calculated. After applying a polynomial trend the average disposable monthly income per member of the household, average monthly consumption expenditure per member of the household, LTL and savings rate (%) fluctuations in time where analysed. In order to establish a relationship between macro-economic indicators and income of household, consumption expenditure and savings rate, correlation and regression analysis performed. Main economic indicators were analysed: GDB, inflation, unemployment level and changes of labour income. For more comprehensive analysis of macro-economic indicators regression models were applied which show the changes in the macroeconomic indicators of changing them affecting the sizes of household income, consumption expenditure and savings ratio. It was found that household consumption expenditure are conditionally correlated with the Lithuanian macroeconomic indicators. The strongest relationship is between GDP, GDP per capita, and the monthly average wage (both gross and net) and average disposable income, average consumption expenditure per member of the household as well as the savings ratio. The analysis of household indicators revealed that in all cases much more accurate than the linear trend, fluctuations in time describes cubic trend, which means that both the average household income and consumption expenditure and savings ratio is not constantly growing size, they tend to fluctuate over the time.

Authors and Affiliations

Deimena Kiyak, Laura Šaltytė

Keywords

Related Articles

DAUGIAKRITERIŲ METODŲ PANAUDOJIMAS VERTINANT DARNŲVYSTYMĄSI

Straipsnyje teoriškai ir praktiškai yra pateikta, kaip būtų galima vertinti darnų vystymąsi. Daugiakriteriai vertinimo metodai – tai vienas iš būdųįvertinti šalies ekonomikos situaciją darnaus vys...

PROBLEMS OF MICRO & SMALL ENTERPRISES DEVELOPMENT IN LATVIA

Small business is a vital factor in the economy of any country and its regions. The objective of the research is to identify and rank high-priority and major problems of small business development in Latvia. The object o...

POSSIBILITIES TO IDENTIFICATE ACTION POINTS IN ECONOMIC DEVELOPMENT OF LOCAL MANAGEMENT

Although in the first place the public opinion interprets the success of the settlements from an economical viewpoint, in fact the success of a settlement is depending on several economical-social facto...

MOBILAUS ROBOTO SEGMENTUOTO OBJEKTO PAVIRŠIAUS FRAGMENTO AKTYVINIS SPALVOS NUSTATYMO TYRIMAS

Mobilaus roboto gebėjimas spalvotai matyti aplinką yra vienas iš pagrindinių techninės regos sistemos privalumų, viena tobuliausių išorinės aplinkos jutimo priemonių, padedanti reaguoti į aplinkos dinaminius pokyčius. Sp...

VARTOTOJŲ LOJALUMAS KAIP EFEKTYVIOS ŽMOGIŠKŲJŲ IŠTEKLIŲ VADYBOS REZULTATAS

Siekdamos išsiskirti verslo organizacijų gausybėje, vis daugiau organizacijų konkurencinio pranašumo siekia naudodamos ryšių su vartotojais valdymo (CRM), asmeninio marketingo ar kitas priemones. Šios priemonės, žinoma,...

Download PDF file
  • EP ID EP465586
  • DOI -
  • Views 58
  • Downloads 0

How To Cite

Deimena Kiyak, Laura Šaltytė (2015). INVESTIGATION OF INTERDEPENDENCE AND CHANGES IN LITHUANIA HOUSEHOLD CONSUMPTION AND ECONOMIC INDICATORS. VADYBA, 26(1), 75-84. https://europub.co.uk./articles/-A-465586