Economic and social evolution of Romania during the recent period –multidimensional analysis

Constantin Anghelache, Alexandru Manole and Aurelian Diaconu
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Constantin Anghelache: Academia de Studii Economice
Alexandru Manole: “Universitatea Artifex", Bucuresti
Aurelian Diaconu: “Universitatea Artifex", Bucuresti

Romanian Statistical Review Supplement, 2016, vol. 64, issue 8, 19-25

Abstract: This paper describes the main evolutions of the Romanian economy during the recent period. The authors provide key analyses on the dynamics recorded by the main macroeconomic indicators, and also for sector – level evolutions over the periods considered. Also, the authors propose a multidimensional database structure, capable to retain the approach indicators and their measures, which would enable the users to perform significant analyses on the values. All the measures of the indicators are presented as deflated value, operation made on the basis of proper price indices. The main indicator approached in our analysis is the GDP, calculated via the additive model that sums the measures of the components, in current prices and constant prices. For each deflation, the most significant price indices were used. The gross domestic product at current prices is calculated as the sum of its components’ values in current prices. Similarly, the GDP at constant prices is calculated based on the same relation, with the observation that the value of each component is estimated at constant prices by using appropriate price indices. The price index of GDP is calculated as a ratio between its value at current prices and its value at constant prices and includes the effects of all the changes in prices taking place in the economy. The analyses are based on data series published by the National Institute of Statistics. As methodology, we have used statistical and econometrical models, and the interpretation of results was made according to the correlations which exist between various indicators from the selected system. From that specific analysis, it is easy to extend the study and to forecast the future evolutions of phenomena studied.

Keywords: investments; macroeconomics; factors; Gross Domestic Product; labor (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (2)

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