BUDGETARY POLICY - A TOOL FOR MITIGATING CYCLIC FLUCTUATIONS. STUDY CASE FOR ROMANIA, 1996-2011

Pitorac Ruxandra Ioana
Additional contact information
Pitorac Ruxandra Ioana: Faculty of Economics and Business Administration , West University of Timisoara

Annals - Economy Series, 2013, vol. 4, 148-153

Abstract: As part of a broader work, the object of this article is the study of budgetary policy, as a tool for mitigating cyclic fluctuations in the economy. The following analysis indicators were used: public spending for economic actions, the real Gross Domestic Product and the structural budget deficit, on the basis of which the type of budgetary policy adopted in Romania between 1996 and 2011 was established. The economic spending and the GDP are expressed in millions of RON, comparable prices, the switch to current prices was achieved with the aid of the Consumer Price Index, with 2012 as the baseline year, and the structural budget deficit is expressed as a percentage of the GDP and were taken from the database of the National Statistics Institute and of the European Commission. The research carries out a review of the literature regarding budgetary policy, the way in which this contributes to the mitigation of cyclic fluctuations and identifies the budget measures taken in Romania between 1996 and 2011, with an emphasis on analysing public spending for economic actions. Then, through a quantitative analysis and an econometric model, it underlines the influence of public spending for economic actions on the Romania's real GDP and identifies the budgetary policy implemented by Romania. The results of the research emphasize Romania's economic condition, as well as the measures taken by the government authorities in view of mitigating the cyclic fluctuations in the economy.

Keywords: budgetary policy; economic expenditures; the structural budget deficit; cyclical fluctuations. (search for similar items in EconPapers)
Date: 2013
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.utgjiu.ro/revista/ec/pdf/2013-04/24_Pitorac.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:cbu:jrnlec:y:2013:v:4:p:148-153

Access Statistics for this article

More articles in Annals - Economy Series from Constantin Brancusi University, Faculty of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Ecobici Nicolae ( this e-mail address is bad, please contact ).