engleski

Multivariate regression analysis of personal consumption in Croatia

The paper discusses short run determinants of personal consumption in Croatia which is analyzed in traditional way using multiple regression model. The results of the analysis showed that wages and interest rates on housing loans play the most important role in determining personal consumption. Besides wages and interest rates, regression model results reveal that in Croatia total loans to households and housing price are also important for explaining personal consumption, but to lesser degree than wages and interest rates on housing loans.

personal consumption; income; housing markets variables; total loans to households; multiple regression analysis

nije evidentirano