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Modelling The Romanian Economy: Some Data Problems

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Author Info

  • Dobrescu, Emilian

    ()
    (Romanian Academy, Bucharest)

Abstract

The version 2005 of the Romanian macromodel (Dobrescu 2005, 2006) was built using data for the period 1990 (sometimes 1989) - 2004. This paper insists on three (probably the most complicated) problems: the evaluation of export, import, foreign capital inflows and exchange rate in euros, since the available information was expressed mainly in USD; the computation of more or less credible series regarding the tangible fixed assets, without which any attempt to elaborate an acceptable production function would inherently fail; the estimation of the alpha coefficient, taking into consideration different sources of labor income of households.

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File URL: http://www.ipe.ro/rjef/rjef1_07/rjef1_07_1.pdf
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Bibliographic Info

Article provided by Institute for Economic Forecasting in its journal Romanian Journal of Economic Forecasting.

Volume (Year): 4 (2007)
Issue (Month): 1 (March)
Pages: 7-25

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Handle: RePEc:rjr:romjef:v:4:y:2007:i:1:p:7-25

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Related research

Keywords: model; input-output analysis; econometric relationships;

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References

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  1. Dobrescu, Emilian, 1996. "Macromodels of the Romanian transition Economy," MPRA Paper 35810, University Library of Munich, Germany.
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Cited by:
  1. Altar, Moisa & Necula, Ciprian & Bobeica, Gabriel, 2008. "Modeling The Economic Growth In Romania. The Role Of Human Capital," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 5(3), pages 115-128, September.
  2. Daianu, Daniel & Lungu, Laurian, 2008. "Why Is This Financial Crisis Occurring? How To Respond To It?," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 5(4), pages 59-87, December.
  3. Dumitru, Ionut & Dumitru, Ionela, 2010. "Business Cycle Correlation of the New Meber States with Eurozone - The Case of Romania," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(4), pages 16-31, December.
  4. Altar, Moisa & Necula, Ciprian & Bobeica, Gabriel, 2008. "Modeling The Economic Growth In Romania. The Influence Of Fiscal Regimes," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 5(4), pages 146-160, December.
  5. Dobrescu, Emilian, 2008. "A Desirable Scenario For The Romanian Economy During 2008-2013," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 5(4), pages 15-58, December.

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