Modeling Government Policies used for Sustaining Economic Growth in Romania
AbstractThis paper presents some government policies scenarios and proposes the appropriate policies for stimulating the economic growth in Romania. The GDP dynamics, budgetary revenues, employment and wages are forecasted using a macroeconomic model of the Romanian economy. The direct effects of the fiscal policies and the indirect effects of the economic growth changes are investigated by three alternative scenarios as compared to a baseline scenario. The baseline should meet the following requirements: update of the macroeconomic indicators and maintenance of the same fiscal policy in the forecast period 2012-2013 as to 2011.
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Bibliographic InfoArticle provided by Institute for Economic Forecasting in its journal Romanian Journal for Economic Forecasting.
Volume (Year): (2011)
Issue (Month): 4 (December)
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financial programming; simulation models; mix of policies; fiscal relaxation; minimum wage; taxation bases;
Find related papers by JEL classification:
- E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
- E27 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
- H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
- H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt
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