Statistical analysis of the impact of macroeconomic regulators on the consumption stimulation

In this paper, a relationship between the “money supply”, “average monthly wage”, “population accumulations” and volume of retail trade (“consumption”) is studied. A statistical econometric model is constructed. To understand the evolution of the model, the dynamic approach is used, with the help of...

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Hauptverfasser: Ilysheva, M. A., Detkov, A. A., Patrakova, D. I., Kolomytseva, A. O., Safrygin, A. S.
Format: Tagungsbericht
Sprache:eng
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Zusammenfassung:In this paper, a relationship between the “money supply”, “average monthly wage”, “population accumulations” and volume of retail trade (“consumption”) is studied. A statistical econometric model is constructed. To understand the evolution of the model, the dynamic approach is used, with the help of which 36 variants of the model are constructed, which give an understanding of the changes in the influence of the regulators on “consumption”. The study is based on the data obtained from a Russian source in 2004-2016. The main results are: 1) the difference between influence of the indicators “money supply” and “average monthly wages” on consumption is revealed; 2) the character of links of the studied regulators with economic crises is established; 3) the nature of the relationship between “population accumulations” and “consumption” is defined.
ISSN:0094-243X
1551-7616
DOI:10.1063/1.5114446