Scenarios of the Romania‘s economic growth

Nicolae Mihailescu, Claudia Capatina and Cristina Burghelea
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Nicolae Mihailescu: Universitatea Hyperion-Bucuresti
Claudia Capatina: Universitatea Hyperion-Bucuresti
Cristina Burghelea: Universitatea Hyperion-Bucuresti

Romanian Statistical Review Supplement, 2015, vol. 63, issue 3, 78-102

Abstract: The potential economic growth of a country is consistently a primary goal of existence and sustainable development, to ensure the livelihoods of all residents to increase living standards. To achieve this goal it is necessary to undertake complex studies to formulate a correct diagnosis and real of the economic status to substantiate, on this basis, the economic policy decisions and legislative decisions on short term or longer periods of time. In this context, this study presents an analysis of the dynamics of GDP as a synthetic macroeconomic indicator and its structural components by developing econometric models confirmed statistically as viable. Also, levels of forecast character as predictable scenarios are estimated, showing acceptable safety based on sufficiently small significance thresholds.

Keywords: gross domestic product; final consumption; gross fixed capital formation; total gross value added; econometric model; trend equation; estimate; forecast (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:rsr:supplm:v:63:y:2015:i:3:p:78-102

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