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  5. Volume 8, Issue 3 (2012)
  6. The Analysis of Latvia Households’ Consu ...

Regional Formation and Development Studies

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The Analysis of Latvia Households’ Consumption Expenditure in Scope of Sustainable Development
Volume 8, Issue 3 (2012), pp. 247–256
Anastasija Vilciņa   Gunta Grīnberga-Zālīte   Raivis Andersons  

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https://doi.org/10.15181/rfds.v7i2.2380
Pub. online: 4 August 2022      Type: Article      Open accessOpen Access

Published
4 August 2022

Abstract

Basing on critical analysis of Latvia households’ consumption expenditure structure during the period from 2003 until 2010, the authors have identified the main tendencies of changes and characterized the main macroeconomic indicators, which have seriously influenced the consumption structure during different phases of economic cycle. The authors have applied econometric methods to characterize the correlation of particular consumption expenditure groups’ proportion with households’ consumption expenditure. The analysis enabled the authors to detect, which consumption expenditure groups exactly are the most important for ensuring the welfare level, and E. Engel’s regularity was also discussed in this respect. The analysis of the data obtained in scope of the households’ member survey enabled the authors to identify the main directions of consumer behaviour changes during the economic recession period and present proposals for improvement of consumption as a significant indicator of country’s welfare and sustainable development.

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Keywords
Latvia households consumption expenditure welfare level

JEL CODES
E21 E31 H31

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