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Economic growth and macroeconomic variables influences in Romania

Dracea Raluca () and Mirela Cristea ()

Finante - provocarile viitorului (Finance - Challenges of the Future), 2010, vol. 1, issue 12, 108-122

Abstract: The current paper focuses on the identification of the factors that influenced the evolution of the real sector in Romania between 1990 and 2007, having as a theoretical background the IS-LM model for a small economy, Romania’s case. In this way, we have tested the correlations among: the dynamics of GDP and the capital; GDP evolution, final consumption and public expenses evolution; GDP and foreign direct investments, GDP and the external demand; GDP evolution and the balance of trade. The paper has three sections: a short description of the existing theoretical fundaments; the research methodology based on statistical analysis; and the results of the research with conclusions regarding the trends recorded by macroeconomic indicators and the influence generated over the evolution of the real sector in Romania.

Keywords: macroeconomic variables; real sector; economic growth; statistical correlations (search for similar items in EconPapers)
JEL-codes: E01 E10 E20 (search for similar items in EconPapers)
Date: 2010
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Handle: RePEc:aio:fpvfcf:v:1:y:2010:i:12:p:108-122