Using the System of National Accounts in the Forecasting Activity

Madalina-Gabriela Anghel (), Alexandru Manole () and Alina-Georgiana Solomon ()

International Journal of Academic Research in Accounting, Finance and Management Sciences, 2017, vol. 7, issue 2, 91-96

Abstract: Macroeconomic activity is not sufficiently concrete to be based on a thorough study, and based on concrete models to provide a vision for growth economic perspective. There Oser models used in countries that have adopted the System of National Accounts and therefore requires complexity that presents to refer to some medium-term econometric models. In this regard, we have already established a dynamic multisectoral model used by the French in the estimates it requires such a study. Whichever model forecasting is important to note, stages of implementation of such a model, which can be translated into the following summary: solutions each year on ensuring macroeconomic balance; final demand determines production knowing its level determined on account of capital and labor should be an objective envisaged; calculation in advance and then price the determining factor in terms of economic engagement in such a perspective; determination of income earned and distributed to ascertain what remains among economic operators usually talk about profit, resulting in return on invested capital. Another factor here is the return on invested capital to see the efficiency and profitability. All depend ultimately final demand which consists of household consumption and foreign exchange. Another element is the connection analogous regarding foreign trade, knowing that the ability to export and import of a country depends to some extent and how is achieved or can calculate indicators that show profitability of and under which it is envisaged the possibility of adjusting perspective. In this article the authors propose some models that can be used in analyzing and forecasting economic growth then using items you expected and shows them System of National Accounts.

Keywords: Macroeconomic account; correlation coefficient; indicator; econometric model; cost price (search for similar items in EconPapers)
Date: 2017
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