Εμπειρική διερεύνηση της συνάρτησης κατανάλωσης των Μεσογειακών χωρών της Ευρωπαϊκής Ένωσης

Γιάνναρος, Χρήστος - Ελευθέριος

Empirical investigation of the consumption function of the Mediterranean countries of the European Union

Master Thesis

Author

Γιάνναρος, Χρήστος - Ελευθέριος

Date

2023

Abstract

This thesis explores the marginal propensity to consume of the alliance of seven Mediterranean and Southern European Union Member States (MED7). Its object is to examine the behavior of consumption when income changes during the years 2000 – 2020, as well as to investigate short-term and long-term behaviors through time lags. The presents a research is carried out using econometric techniques and theories, in the Microsoft Excel spreadsheet software and in the EViews12 software. In the empirical part of the work, annual observations of Gross Domestic Product and Consumption are used for the countries: France, Greece, Spain, Italy, Cyprus, Malta, and Portugal. The data used cover a period from 2000 to 2020 and were collected from the database World Development Indicators (WDI), of World Data Bank. The empirical results of the study for all the countries examined showed that there is little difference in behavior in the marginal propensity to consume in the Mediterranean countries of Europe, with the exception of Malta where it has a very low marginal propensity to consume. To be understood, in the case of Malta the MPC it is 0.50, while for the other countries examined it is between 0.80 and 0.90. The marginal propensity to consume measures the sensitivity of the endogenous variable (consumption) when the exogenous variable (GDP) changes. In addition, as far as short-term and long-term behavior is concerned, it turned out that the data adapted quite well to the corresponding model constructed, verifying the general view of the direct dependence of consumption on disposable income.

Postgraduate Studies Programme

Εφαρμοσμένη Δημόσια Οικονομική και Πολιτική

Department

Σχολή Οικονομικών, Επιχειρηματικών και Διεθνών Σπουδών. Τμήμα Οικονομικής Επιστήμης

Number of pages

101

Language

Greek

URI

https://dione.lib.unipi.gr/xmlui/handle/unipi/15448
http://dx.doi.org/10.26267/unipi_dione/2870

Collections

Τμήμα Οικονομικής Επιστήμης

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Except where otherwise noted, this item's license is described as
Αναφορά Δημιουργού-Μη Εμπορική Χρήση-Όχι Παράγωγα Έργα 3.0 Ελλάδα