Using a small-size RMSM model, the authors simulate development alternatives in the medium run, revealing their implications upon the Romanian economy. The reference scenario is characterized by a moderate economic growth, based on the increase in the investements. Both imports exports are expected to increase, but the trade deficit is also expected to increase. The authors develop two alternatives scenarios and compare the results with the results of Dobrescu model simulated for the same assumptions.
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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 Other Model Applications 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