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A time series analysis of macroeconomic determinants of household spending in the era of cross-cultural dynamics: Czech Republic as a case study

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dc.title A time series analysis of macroeconomic determinants of household spending in the era of cross-cultural dynamics: Czech Republic as a case study en
dc.contributor.author Verter, Nahanga
dc.contributor.author Osakwe, Christian Nedu
dc.relation.ispartof Procedia Economics and Finance
dc.identifier.issn 2212-5671 OCLC, Ulrich, Sherpa/RoMEO, JCR
dc.date.issued 2014
utb.relation.volume 12
dc.citation.spage 733
dc.citation.epage 742
dc.event.title 17th International Conference on Enterprise and the Competitive Environment (ECE)
dc.event.location Brno
utb.event.state-en Czech Republic
utb.event.state-cs Česká republika
dc.event.sdate 2014-03-06
dc.event.edate 2014-03-07
dc.type conferenceObject
dc.language.iso en
dc.publisher Elsevier Science B.V.
dc.identifier.doi 10.1016/S2212-5671(14)00400-6
dc.relation.uri https://www.sciencedirect.com/science/article/pii/S2212567114004006
dc.subject Household spending en
dc.subject income en
dc.subject globalization en
dc.subject Czech Republic en
dc.subject Granger causality en
dc.description.abstract The paper investigates selected macroeconomic variables where are seemingly influencing household spending in the Republic in the present era of evolving cross-cultural interactions from 1993-2012. Based on the estimated regression model, it plausible to state that net disposable income, cross-cultural dynamics, inflation rate, and saving rate as a proportion of household income impact significantly on household spending. Moreover, the Granger causality analysis provides evidence of feedback relationship between household spending and social globalization index. The results equally indicate causality between saving rate and household spending as well as between the inflation rate and household spending. (C) 2014 Elsevier B.V. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/3.0/). en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1004123
utb.identifier.obdid 43872443
utb.identifier.wok 000345439100087
utb.source j-wok
dc.date.accessioned 2015-01-29T11:35:08Z
dc.date.available 2015-01-29T11:35:08Z
dc.rights Attribution-NonCommercial-NoDerivs 3.0 Unported
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/
dc.rights.access openAccess
utb.contributor.internalauthor Osakwe, Christian Nedu
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