BARS curve in Romanian economy

Emilian Dobrescu ()

The AMFITEATRU ECONOMIC journal, 2015, vol. 17, issue 39, 693

Abstract: The paper is consacrated to the binomial “public budget-global output” from the BARS curve perspective. The first section characterizes the main conceptual premises of this approach. The second is devoted to empirical analysis, using the statistical data (1990- 2013) for Romania, an European emergent economy: three cointegrating regressions (fully modified least squares, canonical cointegrating regression and dynamic least squares) and three algorithms based on instrumental variables (two-stage least squares, generalized method of moments, and limited information maximum likelihood) are used. Some conclusions are presented.

Keywords: public budget; global output; BARS curve (search for similar items in EconPapers)
JEL-codes: C32 E62 H60 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:aes:amfeco:v:39:y:2015:i:17:p:693

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