Demand for furniture in Yugoslavia in the 1952-1978 period

Based on data on total income per inhabitant of Yugoslavia in the 1952-1978 period, and outlays for groups of commodities, applying econometric methods, the development of demand for furniture is investigated. Demand functions are formulated for groups of goods in relation to total consumption of goods and services. Demand model is being set, and influence of prices of each commodity group on demand of other groups. It is concluded that demand for furniture is expected to grow beyond the average, as real disposable income grows. As the export demand is expected to rise for products of Yugoslav furniture industries, which should be taken into account; planning of increasing rates of growth of production is thus required to meet needs in the 1981-1985 period and onwards.