STOCHASTIC MODELING OF THE MACROECONOMIC AGGREGATES - STUDY CASE: ROMANIAN ECONOMIC RELATIONS

Liviu-Stelian Begu, Alina Cretu and Adriana Alexandru

Annales Universitatis Apulensis Series Oeconomica, 2008, vol. 2, issue 10, 9

Abstract: The paper is analyzing the main tendencies in the Romanian economy after 1990, trying to identify, which variables are influencing on long term the process of accession to EU. Statistical analysis, nonparametric tests, regression analysis and particularly analysis of the main (principal) factor, applied for a system of aggregate measures, can determine clusters of ex-communist countries and allows us to establish the gap between Romania and other ex-communist countries. The paper is also developing possible scenarios for the Romanian economy. The study case is about the evolution of the main economic indicators for external relations for Romania in 1996-2006. The evolution is based on balance of payments and the major economic aggregates. The results shows us that the Romanian economy is not yet in order but some indicators are very good for a market economy.

Keywords: factorial analysis; balance of payments; cluster of countries; external relations (search for similar items in EconPapers)
JEL-codes: F19 L14 (search for similar items in EconPapers)
Date: 2008
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://oeconomica.uab.ro/upload/lucrari/1020082/09.pdf (application/pdf)

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:alu:journl:v:2:y:2008:i:10:p:9

Access Statistics for this article

More articles in Annales Universitatis Apulensis Series Oeconomica from Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia
Bibliographic data for series maintained by Dan-Constantin Danuletiu ().