COMPLETE ECONOMETRIC ANALYSIS OF THE CORRELATION BETWEEN THE TOTAL REAL AVERAGE MONTHLY INCOMES AND EXPENSES OF A ROMANIAN HOUSEHOLD
It is known that the monthly expenses of a family in Romania are dependent on their income, starting from the fact that the expenses can be much better managed if we take into account the level of income that family has. As expected, according to a statistic made by the European Union, in 2021, Roma...
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
University of Petrosani
2021-10-01
|
| Series: | Annals of the University of Petrosani: Economics |
| Subjects: | |
| Online Access: | https://www.upet.ro/annals/economics/pdf/2021/15).%20Stoicuta_1.pdf |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1850192645455872000 |
|---|---|
| author | NADIA ELENA STOICUȚA |
| author_facet | NADIA ELENA STOICUȚA |
| author_sort | NADIA ELENA STOICUȚA |
| collection | DOAJ |
| description | It is known that the monthly expenses of a family in Romania are dependent on their income, starting from the fact that the expenses can be much better managed if we take into account the level of income that family has. As expected, according to a statistic made by the European Union, in 2021, Romania has the lowest cost of living among EU countries. On the other hand, in 2021, the annual inflation in Romania reached the highest level in the last 10 years, of almost 8%. Also, the large increases in gas and electricity prices have led to a decrease in the living standards of Romanians.This econometric study substantiates the connection between the average total monthly expenses, and the total average monthly incomes of a Romanian household, in the period 1997-2020. Based on the linear regression model, forecasts will be made in the end. |
| format | Article |
| id | doaj-art-3e8081877328472db0caf0842e7ad5aa |
| institution | OA Journals |
| issn | 1582-5949 2247-8620 |
| language | English |
| publishDate | 2021-10-01 |
| publisher | University of Petrosani |
| record_format | Article |
| series | Annals of the University of Petrosani: Economics |
| spelling | doaj-art-3e8081877328472db0caf0842e7ad5aa2025-08-20T02:14:28ZengUniversity of PetrosaniAnnals of the University of Petrosani: Economics1582-59492247-86202021-10-01211137150COMPLETE ECONOMETRIC ANALYSIS OF THE CORRELATION BETWEEN THE TOTAL REAL AVERAGE MONTHLY INCOMES AND EXPENSES OF A ROMANIAN HOUSEHOLD NADIA ELENA STOICUȚA0University of Petroşani, RomaniaIt is known that the monthly expenses of a family in Romania are dependent on their income, starting from the fact that the expenses can be much better managed if we take into account the level of income that family has. As expected, according to a statistic made by the European Union, in 2021, Romania has the lowest cost of living among EU countries. On the other hand, in 2021, the annual inflation in Romania reached the highest level in the last 10 years, of almost 8%. Also, the large increases in gas and electricity prices have led to a decrease in the living standards of Romanians.This econometric study substantiates the connection between the average total monthly expenses, and the total average monthly incomes of a Romanian household, in the period 1997-2020. Based on the linear regression model, forecasts will be made in the end. https://www.upet.ro/annals/economics/pdf/2021/15).%20Stoicuta_1.pdfeconometric analysiscorrelationestimationeviewsleast squares methodforecast |
| spellingShingle | NADIA ELENA STOICUȚA COMPLETE ECONOMETRIC ANALYSIS OF THE CORRELATION BETWEEN THE TOTAL REAL AVERAGE MONTHLY INCOMES AND EXPENSES OF A ROMANIAN HOUSEHOLD Annals of the University of Petrosani: Economics econometric analysis correlation estimation eviews least squares method forecast |
| title | COMPLETE ECONOMETRIC ANALYSIS OF THE CORRELATION BETWEEN THE TOTAL REAL AVERAGE MONTHLY INCOMES AND EXPENSES OF A ROMANIAN HOUSEHOLD |
| title_full | COMPLETE ECONOMETRIC ANALYSIS OF THE CORRELATION BETWEEN THE TOTAL REAL AVERAGE MONTHLY INCOMES AND EXPENSES OF A ROMANIAN HOUSEHOLD |
| title_fullStr | COMPLETE ECONOMETRIC ANALYSIS OF THE CORRELATION BETWEEN THE TOTAL REAL AVERAGE MONTHLY INCOMES AND EXPENSES OF A ROMANIAN HOUSEHOLD |
| title_full_unstemmed | COMPLETE ECONOMETRIC ANALYSIS OF THE CORRELATION BETWEEN THE TOTAL REAL AVERAGE MONTHLY INCOMES AND EXPENSES OF A ROMANIAN HOUSEHOLD |
| title_short | COMPLETE ECONOMETRIC ANALYSIS OF THE CORRELATION BETWEEN THE TOTAL REAL AVERAGE MONTHLY INCOMES AND EXPENSES OF A ROMANIAN HOUSEHOLD |
| title_sort | complete econometric analysis of the correlation between the total real average monthly incomes and expenses of a romanian household |
| topic | econometric analysis correlation estimation eviews least squares method forecast |
| url | https://www.upet.ro/annals/economics/pdf/2021/15).%20Stoicuta_1.pdf |
| work_keys_str_mv | AT nadiaelenastoicuta completeeconometricanalysisofthecorrelationbetweenthetotalrealaveragemonthlyincomesandexpensesofaromanianhousehold |