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Hierarchies of Asociative Dynamics, Starting From Romania’s Macro-Economic Imbalances in the EU-28. What Does Romania’s Economic Evolution in the EU-28 Look Like?

Author

Listed:
  • Gheorghe SAVOIU

    (University of Pitesti)

  • Emilia GOGU

    (Bucharest University of Economic Studies)

  • Marian TAICU

    (University of Pitesti)

Abstract

The authors’ answer to the second part of the title question is a threefold offer. First of all, they propose to improve the classic statistical ranking methods by capitalizing on the dynamic support of data series that are essentialized by the correlation or association ratio, as a structuring variable. Secondly, they provide an original method of ranking or hierarchizing a set of associative dynamics, or correlative evolutions. Lastly, they offer a disaggregation into partial equilibria turned into the analysis criteria of the general equilibrium theory through Nicholas Kaldor’s magical square, which became the magic rectangle of Lionel Stoléru’s strategy. All these three contributions are made in the standardized format of the sections of a paper of economic, statistical and econometric research.

Suggested Citation

  • Gheorghe SAVOIU & Emilia GOGU & Marian TAICU, 2017. "Hierarchies of Asociative Dynamics, Starting From Romania’s Macro-Economic Imbalances in the EU-28. What Does Romania’s Economic Evolution in the EU-28 Look Like?," Romanian Statistical Review, Romanian Statistical Review, vol. 65(3), pages 35-46, September.
    • Handle: RePEc:rsr:journl:v:65:y:2017:i:3:p:35-46
    as

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    References listed on IDEAS

    as
    1. Nicholas Kaldor, 1939. "Speculation and Economic Stability," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 7(1), pages 1-27.
    2. Săvoiu, Gheorghe, 2008. "The scientifiv way of thinking in statistics, statistical physics and quantum mechanics," MPRA Paper 13558, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    macroeconomic equilibrium; magic quadrant or square; associative dynamical hierarchy; correlation matrix; econometric model; determinant coefficient;
    All these keywords.

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • C46 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Specific Distributions
    • C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies

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