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
KREDITO RIZIKOS VERTINIMO MODELIS LIETUVOS KREDITO UNIJOMS: SANTYKINIŲ RODIKLIŲ IR JŲ ANALITINIŲ KRITERIJŲPARINKIMAS
Straipsnyje pateikiami mažų ir labai mažųįmonių kredito rizikos vertinimo modelio santykiniai rodikliai bei jų analitiniai kriterijai. Straipsnyje mažos ir labai mažos įmonės suprantamos taip, kaip jos apibrėžtos smulkio...
SMULKIŲ IR VIDUTINIŲ LIETUVOS VERSLO ORGANIZACIJŲ VERSLUMĄ SĄLYGOJANČIŲ APLINKOS VEIKSNIŲ ANALIZĖ
Autorius šiame straipsnyje pabrėžia verslios organizacijos naudą, kuri pasireiškia naujų darbo vietų kūrimu. Apibendrina versliai organizacijai būdingus bruožus. Analizuoja vidinę ir išorinę smulkių ir vidutinių Lietuvos...
INFLUENCE OF LATVIAN GDP ON THE MAIN INDICATORS OF INHABITANT LIFE QUALITY
The main indicator in the System of National Accounts is the Gross Domestic Product (GDP). However, GDP is not the direct characteristic of the welfare of the community. Nevertheless, there is an opinion that there shoul...
CHARACTERISTICS OF SMALL BUSINESS IN LATVIA
In developed countries, particular attention was devoted to small businesses. This was demonstrated by special conferences organized by the White House of the United States on the issues of small businesses in 1980 and 1...
THE ROLE OF THE POLICE IN ENSURING PUBLIC ORDER
The aim of the article is to reveal the role of the police as one of the law enforcement bodies in the maintenance of the law and order in the country. There are identified the main areas of the activity of the police in...