CONTRIBUTION OF STRUCTURAL ELEMENTS IN GDP FORMATION AND INCREASE

Ion Enea-Smarandache and Andreea-Maria Ciobanu
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Ion Enea-Smarandache: University of Craiova
Andreea-Maria Ciobanu: University of Craiova

Theoretical and Applied Economics, 2007, vol. 11(516)(supplement)(vol2), issue 11(516)(supplement)(vol2), 239-248

Abstract: Romania's admission in the European Union implies a sustainable and continuous economic growth, in order to reduce economic and social disparities between our country, EU average and other EU members, through a mobilization of the intern capital and labour force potential. Given this context, the paper aims at identifying and explaining, through a retrospective analysis, GDP fluctuations and tries to evaluate, using the aggregate supply-demand model, the contribution of each structural element in GDP formation and increase. Finally, the article proposes directions of action for continuing the sustainable development of our country and reducing the gaps between Romania and other EU members.

Keywords: nominal GDP; real GDP; aggregate demand; aggregate supply; growth factors. (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:11(516)(supplement)(vol2):y:2007:i:11(516)(supplement)(vol2):p:239-248

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