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Using The Monte Carlo Method To Estimate The European Funds Absorbed By The Romanian Economy From The Eu In 2007-2013

Author

Listed:
  • Gheorghe Savoiu

    (University of Pitesti and Doctoral School of University of Craiova)

  • Ligian TUDOROIU

    (Doctoral School of University of Craiova)

  • Emil Burtescu

    (University of Pitesti)

Abstract

This paper describes a concrete application of the Monte Carlo method for the way the European funds were accessed between 2007 and 2013 by the Romanian economy – the economy of a member state of the European Union (EU). In all analyses of simulations there are two waiting areas, placed either at the level of January (16.98 billion Euros), or slightly upward in value, and even above the level of that month (17.09 billion Euros) for the period remained between 31 January 2017 and 31 March 2017, i.e. the last reporting, or the closing of accessing funds by Romania for the period 2007-2013.

Suggested Citation

  • Gheorghe Savoiu & Ligian TUDOROIU & Emil Burtescu, 2017. "Using The Monte Carlo Method To Estimate The European Funds Absorbed By The Romanian Economy From The Eu In 2007-2013," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(3), pages 110-119, March.
    • Handle: RePEc:rsr:supplm:v:65:y:2017:i:3:p:110-119
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