Regional Structural Differences in Household Consumption in Bulgaria
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Academic Publishing UNWE (AP-UNWE)
Abstract
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Regional differences are among the frequently discussed issues in Bulgarian economic literature. In this paper we focus on a less common topic in that area – structural differences in household consumption among the six NUTS2 regions of Bulgaria. Comparisons are made between them based on their consumption structures, and a sigma-convergence approach is applied to find out whether a convergence (or divergence) process is taking place. Results show relatively small but increasing differences between regions which can be attributed to differences in income levels and demographic characteristics.
Keywords
Age distribution, Consumption, Consumption structure, Regional convergence, E21 - Consumption • Saving • Wealth, J11 - Demographic Trends, Macroeconomic Effects, and Forecasts, R22 - Other Demand