Romania Shows More and More Red Flags, With Values Significantly Beyond the Balanced Trends

Cristian - Marian Barbu ()

Academic Journal of Economic Studies, 2018, vol. 4, issue 1, 40-49

Abstract: This article analyses the fact that, although the budgetary and fiscal measures are the main leverage by which the government influences the Romanian economy, and their adopting and implementation should be based upon an analysis of their impact on medium term, theoretically and practically, and time is needed to understand and accommodate them in the business plans, the transparency and predictability requirements, which are vital for any stable economy, are still hard to fulfil. In Romania, very often, out of various reasons, mainly political, the economic policy decisions rather deepen the cyclic tensions of economy instead of attenuating them. The consecutive increases of the minimal wages have been done at a fast pace, which has not been supported by the appropriate evolution of productivity.

Keywords: Economic policy; budgetary execution; current account; consumption; increased labour cost; resource productivity (search for similar items in EconPapers)
JEL-codes: E03 E60 H30 H60 O11 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:khe:scajes:v:4:y:2018:i:1:p:40-49

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