THE EXTERNAL PAYMENTS' BALANCE AND THE ROMANIAN ECONOMIC GROWTH BETWEEN 1996 AND 2006
Ciprian Turturean () and
Annals of Faculty of Economics, 2008, vol. 2, issue 1, 936-941
The economic development involves, for a short time, a deficit of the external payments' balance (EPB). Studying the evolution of the BEP sold provides useful information regarding the economic development degree rate. An invariable deficit which has acceptable limits and correlated with an investment policy in production sectors could cause a long economic growth. Studying the relation between the growth rate of GDP and the growth deficit of EPB for the 1996-2006 periods confirms this hypothesis.
Keywords: external payments' balance (EPB); economic growth; transition; econometric model (search for similar items in EconPapers)
JEL-codes: C10 D92 (search for similar items in EconPapers)
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