USING THE MONTE CARLO METHOD TO ESTIMATE THE EUROPEAN FUNDS ABSORBED BY THE ROMANIAN ECONOMY FROM THE EU IN 2007-2013

Gheorghe Săvoiu, Ligian Tudoroiu and Emil Burtescu
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Ligian Tudoroiu: Doctoral School of University of Craiova
Emil Burtescu: University of Pitesti

Romanian Statistical Review Supplement, 2017, vol. 65, issue 3, 110-119

Abstract: This paper describes a concrete application of the Monte Carlo method for the way the European funds were accessed between 2007 and 2013 by the Romanian economy – the economy of a member state of the European Union (EU). In all analyses of simulations there are two waiting areas, placed either at the level of January (16.98 billion Euros), or slightly upward in value, and even above the level of that month (17.09 billion Euros) for the period remained between 31 January 2017 and 31 March 2017, i.e. the last reporting, or the closing of accessing funds by Romania for the period 2007-2013.

Keywords: probability; random draws; the Monte Carlo method; statistical test; normal distribution; European funds (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:rsr:supplm:v:65:y:2017:i:3:p:110-119

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