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Estimating contribution of factors to long-term growth in Romania

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  • Albu, Lucian-Liviu

Abstract

The paper analyses the dynamics and structure of GDP in Romania during the transition period. Starting from the classical Cobb-Douglas production model, the paper investigates different scenarios for the Romanian economy on the basis of different assumptions regarding the model’s parameters. The adapted model also tries to cover the implications of some peculiarities of the Romanian transition economy, such as a large agricultural sector.

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File URL: http://mpra.ub.uni-muenchen.de/14729/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 14729.

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Date of creation: Jan 2003
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Handle: RePEc:pra:mprapa:14729

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Related research

Keywords: Cobb-Douglas production function; total factor productivity; long-term economic growth; macroeconomic forecasting;

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  1. Fischer, Stanley, 1993. "The role of macroeconomic factors in growth," Journal of Monetary Economics, Elsevier, vol. 32(3), pages 485-512, December.
  2. 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.
  3. Croitoru, Lucian & Tarhoaca, Cornel, 2003. "The Romanian Growth Potential – A Cge Analysis," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(4), pages 7-22, December.
  4. Dobrescu, Emilian, 1996. "Macromodels of the Romanian transition Economy," MPRA Paper 35810, University Library of Munich, Germany.
  5. Robert J. Barro, 1989. "Economic Growth in a Cross Section of Countries," NBER Working Papers 3120, National Bureau of Economic Research, Inc.
  6. V N Balasubramanyam & M Salisu & David Sapsford., . "Foreign Direct Investment and Growth in EP and IS Countries," Working Papers ec18/94, Department of Economics, University of Lancaster.
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