The new economic governance in the EU Member States. Macroeconomic results and statistical correlations for Romania

Mirela Cristea and Ionu? Dr?gulin
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Mirela Cristea: University of Craiova Faculty of Economics and Business Administration
Ionu? Dr?gulin: University of Craiova Faculty of Economics and Business Administration

Annals of University of Craiova - Economic Sciences Series, 2016, vol. 1, issue 44, 310-321

Abstract: In the current economic context of economic and financial crisis, many European countries are facing with fundamental issues and trends that are unsustainable on the long term. In these circumstances, we have developed the present study which analyzes the EU strategies for establishing a new economic governance for all Member States. We present the perspective of Romania’s macroeconomic stability in the European context, in its process for accession to the EMU, through the nominal and real convergence criteria. On this background, we make a statistical study on the direction of causality relation between GDP and the main factors of the influence at the macroeconomic level. Reviving growth, as predicted by Romanian institutions, would produce major benefits to act extensively through coherent policies to balance the money market, the labor market and the fiscal framework

Keywords: new economic governance; EMU; nominal and real convergence criteria; economic growth; statistical correlations (search for similar items in EconPapers)
JEL-codes: C15 O11 O52 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:1:y:2016:i:44:p:310-321

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