SCENARIOS OF ECONOMIC DEVELOPMENT IN ROMANIA – MEDIUM TO LONG-TERM FORECASTING MODELS
Lucian Albu and
Andrei Roudoi ()
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Andrei Roudoi: Global Insight (DRI-WEFA), Washington, DC, USA
Journal for Economic Forecasting, 2003, issue 5, pages 64-77
In order to obtain plausible scenarios of economic development in Romania up to 2010-2015 horizon, the authors use a mix of forecasting models, like „medium-term” ones and „long-run” models. In this respect three alternative models are used, a sustainability function model (for public debt and fiscal deficits), a simple econometric model based on a production function with FDI and exports included as inputs and a standard Cobb-Douglas model.
Keywords: forecasting; sustainability function; production function; economic growth (search for similar items in EconPapers)
JEL-codes: C53 E23 E25 O4 (search for similar items in EconPapers)
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Persistent link: http://EconPapers.repec.org/RePEc:rjr:romjef:v::y:2003:i:5:p:64-77
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