Long-term effects of the investments dynamics in Romania in the post-accession period – a regional approach

Anca Dachin and Georgiana Moraru
Additional contact information
Anca Dachin: Bucharest University of Economic Studies, Romania
Georgiana Moraru: Bucharest University of Economic Studies, Romania

Theoretical and Applied Economics, 2016, vol. XXIII, issue 1(606), Spring, 129-140

Abstract: The adhesion to the European Union has boosted investment in Romania, which contributed significantly to the economic growth in 2007-2008. The economic adjustments during the crisis period were focused mainly on reducing the public investments, while promoting procyclical policies. The economic recovery noted after 2011 was recorded amid the drop of investments, in particular due to further decrease of public investments, under the impact of the fiscal consolidation measures and the tendency to push economic growth by stimulating consumption. The private investments had an uneven territorial orientation, which contributed to an increase of regional economic disparities. The paper analyses the recent dynamics of investments in Romania and their contribution to the economic growth, seeking to determine the extent to which the investment policy will lead to a greater territorial cohesion. In this regard, we have used the econometric analysis of the relationship between investment growth and economic development at regional level, by using a set of linear regressions.

Keywords: investments; public investments; fiscal policy; regional economic growth; regional disparities. (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://store.ectap.ro/articole/1165.pdf (application/pdf)
http://www.ectap.ro/articol.php?id=1165&rid=122 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:xxiii:y:2016:i:1(606):p:129-140

Access Statistics for this article

Theoretical and Applied Economics is currently edited by Mircea Dinu

More articles in Theoretical and Applied Economics from Asociatia Generala a Economistilor din Romania / Editura Economica Contact information at EDIRC.
Bibliographic data for series maintained by Mircea Dinu ().