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GROSS CAPITAL FORMATION AND ECONOMIC GROWTH DURING EARLY 2000’S IN EU-MEMBER AND CANDIDATES STATES

Florin Pavelescu ()

Romanian Journal of Economics, 2008, vol. 26, issue 1(35), 166-179

Abstract: The purpose of this paper is to reveal the correlation between the gross capital formation and the gross domestic product in countries of the European Union in 2007, during the period 1999-2006. The evaluation is made both on demand side and on supply side. On the demand side we take into account the gross capital formation dynamics and structure and the gross domestic product dynamics. On the supply side calculate the capital accumulation efficiency, through modification of the formulae resulted from Domar’s economic growth model in order to emphasise the impact of domestic demand and net export changes. In the end we present some conclusions and proposals for gross capital formation contribution to economic growth methodology improvement.

Keywords: economic growth; gross capital formation dynamics and structure; internal and external capital accumulation efficiency (search for similar items in EconPapers)
JEL-codes: B41 C19 E22 O47 (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:ine:journl:v:1:y:2008:i:26:p:166-179

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