Econometric Model Concerning The Status and Evolution of The Automotive Industry in Romania

Alina Hagiu

Annals of the University of Petrosani, Economics, 2012, vol. 12, issue 3, 83-96

Abstract: The year when the automobile appear, 1885, changed irreversibly the world, revolutionizing the people lifestyle. This creation anticipated new industrial domains, stimulated the massive employments, and eroded the "class struggle" offering the opportunity to travel also to those without financial possibilities, offering the pleasure of hobby to thousands of people. These considerations coupled with the fact that the automotive industry in Romania is one of the industries with the highest value added, made us choose this industry for our study. The paper aims to make a presentation of the characteristics and evolution of the automotive industry in Romania, also proposing an econometric model through which to be able to predict its evolution.

Keywords: competitiveness; automobile industry; performance; evolution; economic crisis (search for similar items in EconPapers)
JEL-codes: C52 C53 L25 L62 (search for similar items in EconPapers)
Date: 2012
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