Macroeconomic Estimations For The Romanian “Pre-Accession Economic Program” (The 2003 Version)
AbstractThe first section attempts to define the main problems, taking into account that the productive performance of the Romanian economy is affected by a double constraint – both from a supply side and the from the demand side. Four essential factors are identified on the supply side: the existence of many under performing companies, under use or even complete blockage of other capacities, undercapitalization of a large part of the viable part of the economy, a relatively high burden of taxation. On the demand side, one can mention the contraction of real absorption and limited access to the external markets. The implications of Balassa – Samuelson effect is taken into account. The second and third sections discuss the computational hypothesis and numerical estimations for two scenarios, a desirable and a moderate one, considered by the author as the most relevant for the period 2003-2007.
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Bibliographic InfoArticle provided by Institute for Economic Forecasting in its journal Journal for Economic Forecasting.
Volume (Year): (2003)
Issue (Month): 4 (December)
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economic models; macroeconomics; forecasting; economic growth;
Find related papers by JEL classification:
- C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
- C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
- E23 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Production
- E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
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