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The Romanian Growth Potential – A Cge Analysis

Author

Listed:
  • Croitoru, Lucian

    (Academy of Economic Studies, Bucharest, The National Bank of Romania, Bucharest)

  • Tarhoaca, Cornel

    (The National Bank of Romania, Bucharest)

Abstract

The purpose of this paper is to present a Romanian CGE model and to test it in drafting a macroeconomic scenario towards 2010. The authors review the main assumptions underlying the CGE model. They calibrate the model, using data from National Accounts for the year 2002. They find that the official macroeconomic commitments, in terms of economic growth, fiscal deficits, external balance, are achievable.

Suggested Citation

  • Croitoru, Lucian & Tarhoaca, Cornel, 2003. "The Romanian Growth Potential – A Cge Analysis," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(4), pages 7-22, December.
    • Handle: RePEc:rjr:romjef:v::y:2003:i:4:p:7-22
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    Citations

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    Cited by:

    1. Albu, Lucian Liviu & Roudoi, Andrei, 2003. "Scenarios Of Economic Development In Romania – Medium To Long-Term Forecasting Models," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(5), pages 64-77, December.
    2. Caraiani, Petre, 2007. "Modelling The Economic Growth In Romania With The Solow Model," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 4(1), pages 77-88, March.
    3. Albu, Lucian-Liviu, 2003. "Estimating contribution of factors to long-term growth in Romania," MPRA Paper 14729, University Library of Munich, Germany.

    More about this item

    Keywords

    CGE models; forecasting; economic growth;
    All these keywords.

    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 - - 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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