Pauna, Bianca (National Institute for Economic Research, Romanian Academy) Ghizdeanu, Ion (National Commission for Prognosis) Scutaru, Cornelia () (Institute for Economic Forecasting, Romanian Academy) Fomin, Petre (Institute for Economic Forecasting, Romanian Academy) Saman, Corina (Institute for Economic Forecasting, Romanian Academy)
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In this article we present only the economic forecast of the variable of interest. For a description of the model see RJEF, No. 1/2007 of [4]. The macromodel estimates the short and medium-term economic implications for internal policies and changes in the international context. This new version of the Romanian macromodel incorporates the experience accumulated through the utilisation of its previous forms - either experimental (tested during 1991-1995) or operational (developed during 1996-2003). At the same time, it introduces some methodological and information improvements. The most significant of them is the structural decomposition of the economy, associated with input-output techniques. Due to the relatively advanced stage of the transitional processes in Romania, the behavioural functions were accommodated - as much as possible - to the standard relationships. Unlike the versions that used the statistical series beginning in 1980, the present one is based exclusively on information concerning the period 1989-2004. Therefore, we have considered more adequately to name this variant the macromodel of the Romanian market (not transition, as before) economy.
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Volume (Year): 4 (2007) Issue (Month): 4 (December) Pages: 124-126 Download reference. The following formats are available: HTML,
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Handle: RePEc:rjr:romjef:v:4:y:2007:i:4:p:124-126
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Find related papers by JEL classification: C5 - Mathematical and Quantitative Methods - - Econometric Modeling E2 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook H6 - Public Economics - - National Budget, Deficit, and Debt