MULTI - ANNUAL SCENARIOS USING A SMALL – SIZED RMSM TYPE OF MODEL IN ORDER TO FORECAST THE MAIN MACROECONOMIC INDICATORS IN ROMANIA

Mariana Nicolae-Balan (), Lucian Albu (), Dalina Andrei, Cristian Stanica () and Marioara Iordan
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Cristian Stanica: Institute for Economic Forecasting, Romanian Academy, Bucharest

Journal for Economic Forecasting, 2003, issue 5, 25-31

Abstract: Using a small-size RMSM model, the authors simulate development alternatives in the medium run, revealing their implications upon the Romanian economy. The reference scenario is characterized by a moderate economic growth, based on the increase in the investements. Both imports exports are expected to increase, but the trade deficit is also expected to increase. The authors develop two alternatives scenarios and compare the results with the results of Dobrescu model simulated for the same assumptions.

Keywords: RMSM models; economic growth; forecasting (search for similar items in EconPapers)
JEL-codes: C51 C53 E23 E37 (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:rjr:romjef:v::y:2003:i:5:p:25-31

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