Modeling Government Policies used for Sustaining Economic Growth in Romania

Cristian Nicolae Stanica ()
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Cristian Nicolae Stanica: Institute for Economic Forecasting, Romanian Academy

Journal for Economic Forecasting, 2011, issue 4, 90-105

Abstract: This paper presents some government policies scenarios and proposes the appropriate policies for stimulating the economic growth in Romania. The GDP dynamics, budgetary revenues, employment and wages are forecasted using a macroeconomic model of the Romanian economy. The direct effects of the fiscal policies and the indirect effects of the economic growth changes are investigated by three alternative scenarios as compared to a baseline scenario. The baseline should meet the following requirements: update of the macroeconomic indicators and maintenance of the same fiscal policy in the forecast period 2012-2013 as to 2011.

Keywords: financial programming; simulation models; mix of policies; fiscal relaxation; minimum wage; taxation bases (search for similar items in EconPapers)
JEL-codes: E17 E27 E62 H61 H68 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:rjr:romjef:v::y:2011:i:4:p:90-105

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