Correlation between Car Sales and The GDP in Eu Countries with Focus on the Impact of Covid Pandemics

Matúš DZURO

https://doi.org/10.53465/EDAMBA.2022.9788022550420.97-108

 

Abstract: The present paper deals with the sales of passenger cars and light utility vehicles in relationship to the GDP of EU countries. This relationship is evaluated with the correlation coefficient. A maximum period of up to 20 years is considered at first stage. In the second step the correlation is evaluated over a 10-year period prior to the Covid pandemics. The pandemics hit the EU countries in 2020. Therefore, the correlation is finally evaluated over a 10-year period including the year 2020. This paper studies the impact of a major external negative factor on the evolution of car sales across EU countries while considering their GDP.

Keywords: car sales, passenger cars, light utility vehicles, correlation, pandemics, Covid-19

JEL classification: M21, L25, L21

Fulltext: PDF

Online publication date: 3 March 2023

ISBN: 978-80-225-5042-0

Publisher: University of Economics in Bratislava

Pages: 97-108

 

To cite this proceedings paper (STN ISO 690 and 690-2):

DZURO, M. 2023. Correlation between car sales and the GDP in EU countries with focus on the impact of Covid pandemics. In LÜLEYOVÁ, A. (ed.). EDAMBA 2022: Conference Proceedings. Bratislava: University of Economics in Bratislava, 2023. ISBN 978-80-225-5042-0, pp. 97-108. https://doi.org/10.53465/EDAMBA.2022.9788022550420.97-108