Sonja Šlander Wostner, F. Krizanic, B. Brezovnik, Borut Vojinović
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引用次数: 1
Abstract
ABSTRACT Personal consumption, according to Keynesian theory, affects economic growth directly and indirectly. This concept can be used in Leontief’s input-output analysis by adding an impact assessment through the production chain to an impact assessment through the changed personal, investment and government spending that follows. Accounting for an increase in personal consumption, we have estimated the multiplier for Slovenia in 2015 to equal 2.5. Pursuant to Engel’s law, the economic structure changes with the growth of personal consumption. The growth of personal consumption leads to a transition of the economy from primary to secondary and tertiary stages.
期刊介绍:
Eastern European Economics publishes original research on the newly emerging economies of Central and Eastern Europe, with coverage of the ongoing processes of transition to market economics in different countries, their integration into the broader European and global economies, and the ramifications of the 2008-9 financial crisis. An introduction by the journal"s editor adds context and expert insights on the articles presented in each issue.