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Is economic growth sustainable in Romania?

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Author Info
Ciobanu, George
Ciobanu, Andreea Maria

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Abstract

The last events which took place after the 1st January 2007 and Romania’s admission in the European Union imply a sustainable and continuous economic growth, in order to reduce economic and social disparities between our country, EU average and other EU members, through a mobilization of the intern capital and labour force potential. Given this context, the paper aims at identifying and explaining, through a retrospective analysis, GDP fluctuations and tries to evaluate, using the aggregate supply-demand model, the contribution of each structural element in GDP formation and increase. Finally, the article proposes directions of action for continuing the sustainable development of Romania and reducing the gaps between this country and other EU members.

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File URL: http://mpra.ub.uni-muenchen.de/7810/
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 7810.

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Date of creation: 18 Mar 2008
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Handle: RePEc:pra:mprapa:7810

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Related research
Keywords: nominal GDP; real GDP; aggregate demand; aggregate supply; growth factors;

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Find related papers by JEL classification:
F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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  1. Ciobanu, George, 2008. "Romania and foreign direct investment," MPRA Paper 7280, University Library of Munich, Germany. [Downloadable!]
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This page was last updated on 2009-12-6.

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