Structural Analysis of the Final Consumption of Households: Evidence from Romania, Estonia and Latvia

This paper is focused on the study of the final consumption of households from the viewpoint of the impact of goods-related components on its evolution. The data used in the analysis are taken from the official database of the Eurostat. The subjects of the research are Romania, Estonia and Latvia, allowing a comparative analysis between these countries, as all were once part of a centralized economic system, the two Baltic States belonged to the Soviet Union until the beginning of the last decade in the previous century and Romania switched to the market economy system approximately at the same time. Also, the selected countries are recent members of the European Union.