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Models Of The Intra-Regional Trade Influence On Economic Sustainable Development In Romania

Author

Listed:
  • Dumitru Miron

    (Academy of Economic Studies, Bucharest, Romania)

  • Alina Mihaela Dima

    (Academy of Economic Studies, Bucharest, Romania)

  • Simona Vasilache

    (Academy of Economic Studies, Bucharest, Romania)

Abstract

This paper estimates the impact of trade between Romania and EU (export and imports) on sustainable development (defined through the following ratios: GDP growth and employment level) using dynamic forecasting and vector auto-regression (VAR) methods. Logistic regression forecasts the evolution of the GDP based on the evolution of exports and imports in the light of the Lisbon agenda, and the time horizon of 2010. Using data regarding intra-regional trade, the model may predict the GDP evolution, and, consequently, the economic sustainable development in Romania, as a new member of European Union.

Suggested Citation

  • Dumitru Miron & Alina Mihaela Dima & Simona Vasilache, 2010. "Models Of The Intra-Regional Trade Influence On Economic Sustainable Development In Romania," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 12(27), pages 27-35, February.
    • Handle: RePEc:aes:amfeco:v:12:y:2010:i:27:p:27-35
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    References listed on IDEAS

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    11. Mojarad Ali Asghar Sadeghi & Atashbari Vahid & Tantau Adrian, 2018. "Challenges for sustainable development strategies in oil and gas industries," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 12(1), pages 626-638, May.
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    More about this item

    Keywords

    sustainable development intra-regional trade; economic integration; regression; model;
    All these keywords.

    JEL classification:

    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
    • F15 - International Economics - - Trade - - - Economic Integration
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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