The influence of socio-economic and institutional factors on conspicuous consumption in the Russian Federation: Econometric analysis
Abstract. The purpose of this study is an econometric analysis of the impact of socio-economic and institutional factors on conspicuous consumption in the Russian Federation. To calculate these indicators, a four-factor regression model was proposed describing the relationship of the obtained factors. Based on the obtained regression equation, the coefficients of the influence of factors on d conspicuous consumption were calculated. These coefficients do not contradict the theoretical studies of foreign and Russian scientists.
Keywords: conspicuous consumption, luxury, factor, regression, econometric analysis
Highlights:
♦ the methodology of the study of the influence of socio-economic and institutional factors on the demonstrative consumption is analyzed;
♦ an econometric analysis based on statistical data has been carried out;
♦ the regression coefficients of the influence of the obtained factors on demonstrative consumption are calculated and justified.
Inessa K. Mancheva - Donetsk National University, Donetsk, DPR