Abstract
Private consumption is a main part of national accounts. Often private consumption is taken as an early or parallel indicator of economic growth. Data on private consumption is also needed in many other fields of official statistics. Data on private consumption help in forecasting effects of changed tax systems, it is essential in statistics of consumer prices for measuring weighting structures etc. Furthermore, private consumption is an indicator of social welfare and standard of living.
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Faber, C., Strohe, H.G. (2003). Structure and Growth of Private Consumption in Russia and East Germany. In: Lane, T., Oding, N., Welfens, P.J.J. (eds) Real and Financial Economic Dynamics in Russia and Eastern Europe. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-55512-1_6
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DOI: https://doi.org/10.1007/978-3-642-55512-1_6
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