ECONOMETRIC MODELING OF THE DYNAMICS OF RETAIL TRADE TURNOVER UNDER THE INFLUENCE OF REAL HOUSEHOLD INCOME USING A LOGARITHMIC FUNCTION
DOI:
https://doi.org/10.5281/zenodo.20571751Keywords:
retail trade turnover, real household income, econometric modeling, logarithmic model, consumer demand, purchasing power, elasticity analysis, differential equations, logistic growth model, economic dynamics, forecasting, economic policyAbstract
This study examines the impact of real household income on the dynamics of retail trade
turnover using a logarithmic econometric modeling approach. Retail trade turnover is considered one of the
key indicators reflecting consumer demand, purchasing power, and the overall level of economic development.
Logarithmic econometric models are employed to capture the nonlinear nature of economic relationships and to
evaluate the elasticity of retail trade turnover with respect to changes in income. In addition, the study discusses
the theoretical significance of differential equations and logistic growth models in analyzing dynamic economic
processes.
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5. Introductory Econometrics: A Modern Approach – Wooldridge, J. M. (2020).
6. Fundamental Methods of Mathematical Economics – Chiang, A. C., & Wainwright, K. (2005).
7. Intermediate Microeconomics: A Modern Approach – Varian, H. R. (2019).
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