Raluca-Maria, Bãlã - In: Ovidius University Annals, Economic Sciences Series XIV (2014) 1, pp. 257-262
more than 60% of GDP. The dependence between GDP and private consumption is of great importance for macroeconomic policies …-run comovement by cointegration analysis. This paper examines the long-run relationship between GDP and private (household … outcomes and the Engle-Granger two-step residual-based cointegration procedure shows that GDP and household consumption do not …