MODELLING THE ROMANIAN ECONOMY: SOME DATA PROBLEMS

Emilian Dobrescu ()

Journal for Economic Forecasting, 2007, vol. 4, issue 1, 7-25

Abstract: The version 2005 of the Romanian macromodel (Dobrescu 2005, 2006) was built using data for the period 1990 (sometimes 1989) - 2004. This paper insists on three (probably the most complicated) problems: the evaluation of export, import, foreign capital inflows and exchange rate in euros, since the available information was expressed mainly in USD; the computation of more or less credible series regarding the tangible fixed assets, without which any attempt to elaborate an acceptable production function would inherently fail; the estimation of the alpha coefficient, taking into consideration different sources of labor income of households.

Keywords: model; input-output analysis; econometric relationships (search for similar items in EconPapers)
JEL-codes: C5 E2 E3 E4 E5 E6 H6 (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:rjr:romjef:v:4:y:2007:i:1:p:7-25

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