INVESTMENT AND ECONOMIC GROWTH ON MEDIUM AND LONG TERM

Lucian Albu ()

Journal of Financial and Monetary Economics, 2015, vol. 2, issue 1, 2-14

Abstract: In line with the economic growth theory and how economic history demonstrated, investment is one of the main factors of a sustainable long term growth. Today when globalisation phenomenon is extending and the risk to return to a crisis period is still a persistent perspective, to stimulate the investment (from domestic and foreign sources) is one of the major problems of ensuring a long term growth. Following some our previous studies regarding the correlation between investment and economic growth in European Union, based on macroeconomic available published data and on recent forecasts of specialised institutions from international organisations (IMF, EU, WB), we try to design few alternative scenarios for the future dynamics in Romania and its place in EU.

Keywords: European Union; convergence; GDP; economic growth; regional convergence (search for similar items in EconPapers)
JEL-codes: O47 O52 R12 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:vls:rojfme:v:2:y:2015:i:1:p:2-14

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