A MODEL DEDICATED TO FORECAST THE EVOLUTION OF THE REAL ECONOMY AND FINANCIAL MARKETS SYSTEM FROM ROMANIA USING CONCEPTS FROM OPEN SYSTEMS THERMODINAMICS – PROJECT DESCRIPTION*

Lect. Ph.D Stanciu Cristian Valeriu, Lect. Ph.D Rizescu Sabin, Cristi Spulbar () and Dracea Raluca ()
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Lect. Ph.D Stanciu Cristian Valeriu: University of Craiova Faculty of Economics and Business Administration Craiova, Romania
Lect. Ph.D Rizescu Sabin: University of Craiova Faculty of Economics and Business Administration Craiova, Romania

Revista Tinerilor Economisti (The Young Economists Journal), 2009, vol. 1, issue 13S, 19-26

Abstract: The project aims to create an econometric model which allows the forecasting of the evolution of Romania’s real economy, as well as the evolution of the system of Romanian financial markets. The study basis is represented by the assimilation of real economies with physics systems which are appropriate to the modeling with the aid of statistical physics and thermodynamics of open systems. Where certain data come under record, some economic and market processes can be assimilated with afferent processes to some Brownian systems.

Keywords: real economy; financial markets; forecast model; open systems thermodynamics (search for similar items in EconPapers)
JEL-codes: F00 G00 G10 Z00 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:aio:rteyej:v:1:y:2009:i:13s:p:19-26

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