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Gross Capital Formation And Economic Growth During Early 2000’S In Eu-Member And Candidates States

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Author Info
Florin-Marius PAVELESCU () (Institute of National Economy)
Abstract

The purpose of this paper is to reveal the correlation between the gross capital formation and the gross domestic product in countries of the European Union in 2007, during the period 1999-2006. The evaluation is made both on demand side and on supply side. On the demand side we take into account the gross capital formation dynamics and structure and the gross domestic product dynamics. On the supply side calculate the capital accumulation efficiency, through modification of the formulae resulted from Domar’s economic growth model in order to emphasise the impact of domestic demand and net export changes. In the end we present some conclusions and proposals for gross capital formation contribution to economic growth methodology improvement.

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Publisher Info
Article provided by Institute of National Economy in its journal Romanian Journal of Economics.

Volume (Year): 26 (2008(XVIII))
Issue (Month): 1(35) (June)
Pages: 166-179
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Handle: RePEc:ine:journl:v:1:y:2008:i:26:p:166-179

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Related research
Keywords: economic growth gross capital formation dynamics and structure internal and external capital accumulation efficiency

Find related papers by JEL classification:
B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
C19 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: General - - - Other
E22 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Capital; Investment; Capacity
O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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This page was last updated on 2008-8-26.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.