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What drives household consumption in the EU-28? ECRI Commentary No. 19, 4 December 2015

Bouyon, Sylvain (2015) What drives household consumption in the EU-28? ECRI Commentary No. 19, 4 December 2015. [Policy Paper]

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    Abstract

    Given that final consumption of households has contributed on average to broadly 60% of EU-28 GDP since 2001, an assessment of the drivers behind its dynamics is quite timely in a context of gradual economic recovery. The empirical analyses presented in this ECRI Commentary, covering 19 of the EU-28 economies, suggest that disposable income of households, consumer credit markets and the developments in housing markets have had a significantly positive impact on the growth of household final consumption since 2001. On the other hand, demographic trends do not seem to have played any significant role.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > general
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > ECRI Commentaries
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 04 Dec 2015 10:47
    Number of Pages: 9
    Last Modified: 04 Dec 2015 10:47
    URI: http://aei.pitt.edu/id/eprint/69704

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