THE CREDIT POLICY AND ITS IMPACT ON THE ROMANIAN ECONOMY
Elena Pelinescu and
Petre Caraiani ()
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Petre Caraiani: Institute for Economic Forecasting, Romania
New Trends in Modelling and Economic Forecast (MEF 2011), 2012, vol. 1, issue 1, 54-68
In this paper we discuss the credit policy and how it affected the macroeconomic dynamics in Romania. We estimate a regression on quarterly data in which economic growth is the dependant variable and foreign direct investments and domestic credit are the explanatory variable. We found significant and strong positive coefficients for the effects of credits and foreign direct investments on economic growth. We also found some degree of inertia in GDP.
Keywords: credit policy; business cycles; linear regression; FDI; inertia (search for similar items in EconPapers)
JEL-codes: E32 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ntu:ntumef:vol1-iss1-12-054
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