Vasilev, Aleksandar - In: Zagreb International Review of Economics and Business 18 (2015) 1, pp. 81-89
In this paper, an econometric model of consumption in Bulgaria for the period 1997-2005 is constructed. The Error-Correction Model (ECM) approach is employed and long-run relationship between household consumption and income was found. The primary purpose of this empirical paper is to get a...