Scenarios Of Economic Development In Romania – Medium To Long-Term Forecasting Models
AbstractIn order to obtain plausible scenarios of economic development in Romania up to 2010-2015 horizon, the authors use a mix of forecasting models, like „medium-term” ones and „long-run” models. In this respect three alternative models are used, a sustainability function model (for public debt and fiscal deficits), a simple econometric model based on a production function with FDI and exports included as inputs and a standard Cobb-Douglas model.
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Bibliographic InfoArticle provided by Institute for Economic Forecasting in its journal Journal for Economic Forecasting.
Volume (Year): (2003)
Issue (Month): 5 (December)
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forecasting; sustainability function; production function; economic growth;
Other versions of this item:
- Albu, Lucian-Liviu & Roudoi, Andrei, 2003. "Scenarios of economic development in Romania - medium to long-term forecasting models," MPRA Paper 13588, University Library of Munich, Germany.
- 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
- E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution
- O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
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