Boost Economic Growth in Western Balkans by Cutting Taxes, Study Finds
The article examines how income affects consumption in Western Balkans countries from 2005 to 2014. They used a simple regression equation to show that as GDP (income) increases, household consumption also goes up. The study suggests that reducing factors like taxes could boost economic growth in these countries. The data indicates that people tend to spend a smaller portion of their income over time, but overall consumption is predicted to increase from 2015 to 2017 based on World Bank projections.