Title:
Determinants of demand for room and kitchen furniture suites in Yugoslavia in the period 1962-1974
Research subject and fields:
Abstract:
This article represents a shortened and simplified presentation of the doctoral dissertation. The material is presented in a popular way; complicated mathematical calculations are avoided, and the demand functions for living room and kitchen furniture suites are presented.
Significant determinants of demand are:
- Price per suite (fixed 1962 prices)
- Real disposable income per capita (fixed 1962 prices)
- Dwelling area available in sq. m. per capita
- Newly built housing in sq. m. per 1,000 inhabitants
- Loans granted by Organizations of Associated Labor, in Dinars per capita (fixed 1962 prices)
- Time Trend (period) - 1962-1974
Population, its structure, expenditure patterns of inhabitants, income-consumption curves, and definitions of the subject and objectives of demand are presented.