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Evolution Scenarios at the Romanian Economy Level, Using the R.M. Solow Adjusted Model

Author

Listed:
  • Ion Gh. Rosca

    (Academy of Economic Studies, Bucharest)

  • Stelian Stancu

    (Academy of Economic Studies, Bucharest)

Abstract

Besides the models of M. Keynes, R.F. Harrod, E. Domar, D. Romer, Ramsey-Cass-Koopmans model etc., the R.M. Solow model is part of the category which characterizes the economic growth. The paper proposes the presentation of the R.M. Solow adjusted model with specific simulation characteristics and economic growth scenario. Considering these aspects, there are presented the values obtained at the economy level, behind the simulations, about the ratio Capital on the output volume, Output volume on employee, equal with the current labour efficiency, as well as the Labour efficiency value.

Suggested Citation

  • Ion Gh. Rosca & Stelian Stancu, 2008. "Evolution Scenarios at the Romanian Economy Level, Using the R.M. Solow Adjusted Model," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 6(6(523)), pages 03-10, June.
    • Handle: RePEc:agr:journl:v:6(523):y:2008:i:6(523):p:03-10
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