The 4 reference contexts in paper M. Utzig (2017) “EXPENDITURES ON RESTAURANTS AND HOTELS OF EUROPEAN HOUSEHOLDS” / spz:neicon:stavapk:356

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    1144
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    Faculty of Economic Sciences Department of Economics and Economic Policy Warsaw University of Life Sciences Tel.: + 48 22 59 340 37 H ousehold is defi ned as a group of persons living together and sharing their incomes and expenditures. Main factor affecting household’s consumption expenditure is household’s disposable income [
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    Keynes 1936
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    ]. Macroeconomic approach is interested on the decision: how much of income to consume today and how much to save for the future. According to Engel analysis, the structure of consumption expenditures changes with disposable income [Utzig 2011].
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    Macroeconomic approach is interested on the decision: how much of income to consume today and how much to save for the future. According to Engel analysis, the structure of consumption expenditures changes with disposable income [
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    Utzig 2011
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    ]. As income rises, the proportion of income spent on food falls, despite of actual expenditure on food rising. When household income increases expenditures on luxury goods are going up. Spending on hotels and restaurants can be seen as such a luxury goods.
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    2002
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    They are as follows: personal restriction (income and family size), socio-demographic characteristics (age, education and size of the city of residence) and psychographic characteristics (opinion on taking holidays) [
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    Nicolau, Mas 2007
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    ]. In this paper differences between European countries are analysed, so only per capita income is treated as a factor determining expenditure on hotels and restaurants level and percentage.
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    It seems to be proper approach according to the fact that within the same country households of highest income are characterised by highest share of expenditures on hotels and restaurants, clothing and footwear and recreation and culture [
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    Radziukiewicz 2012
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    ]. The percentage of expenditures on hotels and restaurants in total consumption expenditure of households differs between countries (table 1.). Table 1– Percentage of expenditures on hotels and restaurants in total consumption expenditure of households in the span of 2005–2013.
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