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Economic growth and macroeconomic variables influences in Romania

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Author Info

  • Raluca DRACEA
  • Mirela CRISTEA

    (University of Craiova)

Abstract

The current paper focuses on the identification of the factors that influenced the evolution of the real sector in Romania between 1990 and 2007, having as a theoretical background the IS-LM model for a small economy, Romania’s case. In this way, we have tested the correlations among: the dynamics of GDP and the capital; GDP evolution, final consumption and public expenses evolution; GDP and foreign direct investments, GDP and the external demand; GDP evolution and the balance of trade. The paper has three sections: a short description of the existing theoretical fundaments; the research methodology based on statistical analysis; and the results of the research with conclusions regarding the trends recorded by macroeconomic indicators and the influence generated over the evolution of the real sector in Romania.

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File URL: http://feaa.ucv.ro/FPV/012-14.pdf
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Bibliographic Info

Article provided by University of Craiova, Faculty of Economics and Business Administration in its journal Finance - Challenges of the Future.

Volume (Year): 1 (2010)
Issue (Month): 12 (December)
Pages: 108-122

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Handle: RePEc:aio:fpvfcf:v:1:y:2010:i:12:p:108-122

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Related research

Keywords: macroeconomic variables; real sector; economic growth; statistical correlations;

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  1. Sebastian Edwards, 1992. "Capital Flows, Foreign Direct Investment, and Debt-Equity Swaps in Developing Countries," NBER Working Papers 3497, National Bureau of Economic Research, Inc.
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