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Applying the Dufournaud econometric model to the determination of the prices dynamics impact over the national economy and over its main vulnerable sectors in connection with the Romanian national economy specificity

Author

Listed:
  • Vasile Robu

    (Academy of Economic Studies, Bucharest)

  • Elena Claudia Serban

    (Academy of Economic Studies, Bucharest)

  • Marina Badileanu

    (Industries and Services Economy Center of the Romanian Academy)

Abstract

In economics, a model represents an abstract, formal image of a phenomenon, process or economic system. It is built by symbolically reproducing the economic theory and by getting new information regarding the behavior of the objective being investigated. In economic theory there are several integrated econometric models meant to underline the interdependency between the branches of a national economy by the public utilities services, especially those connected to energy. The present article presents the first results of our efforts of building an econometric model adapted to the specificity of the Romanian economy, that would underline the impact of the prices modification for public utilities on the Romanian economy as a hole, on the competitiveness of Romanian companies and on the inflation.

Suggested Citation

  • Vasile Robu & Elena Claudia Serban & Marina Badileanu, 2008. "Applying the Dufournaud econometric model to the determination of the prices dynamics impact over the national economy and over its main vulnerable sectors in connection with the Romanian national eco," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 9(9(526)), pages 41-50, September.
    • Handle: RePEc:agr:journl:v:9(526):y:2008:i:9(526):p:41-50
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