THE "DOBRESCU MACROMODEL" OF THE ROMANIAN MARKET ECONOMY - 2005 VERSION* YEARLY FORECAST - SPRING FORECAST 2009

Macomodel of the Romanian Market Economy Group (Cornelia Scutaru, Ion Ghizdeanu, Lucian Liviu Albu, Bianca Pauna, Corina Saman)
Authors registered in the RePEc Author Service: Lucian Liviu Albu () and Ion Ghizdeanu ()

Journal for Economic Forecasting, 2009, vol. 6, issue 1, 155-159

Abstract: The macromodel estimates the short and medium-term economic implications for internal policies and changes in the international context. This version of the Romanian macromodel incorporates the experience accumulated through the utilisation of its previous forms - either experimental (tested during 1991-1995) or operational (developed during 1996-2003). At the same time, it introduces some methodological and information improvements. The most significant of them is the structural decomposition of the economy, associated with input-output techniques. Due to the relatively advanced stage of the transitional processes in Romania, the behavioural functions were accommodated - as much as possible - to the standard relationships. Unlike the versions that used the statistical series beginning in 1980, the present one is based exclusively on information concerning the period 1989-2004. Therefore, we have considered more adequately to name this variant the macromodel of the Romanian market (not transition, as before) economy. In this article we present three scenarios for 2009

Keywords: model; input-output analysis; econometric relationships; simulations (search for similar items in EconPapers)
JEL-codes: C5 E2 E6 H6 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:rjr:romjef:v:6:y:2009:i:1:p:155-159

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