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Analysis of final consumption and gross investment influence on GDP – multiple linear regression model

Author

Listed:
  • Constantin ANGHELACHE

    (Academy of Economic Studies, Bucharest)

  • Alexandru MANOLE

    („Artifex” University of Bucharest)

  • Mădălina Gabriela ANGHEL

    („Artifex” University of Bucharest)

Abstract

This paper emphasizes the application of regression models in macroeconomic analyses. The particular situation approached is the influence of final consumption and gross investments on the evolution of Romania’s Gross Domestic Product. The results of such research are supposed to contribute to deeper and more complex analyses of the GDP, the main indicator that shows the performance of a national economy. The dataset is made of official figures drawn from the Romanian Statistics authority, and the analysis is performed with the help of the Eviews software. The proposed model was tested by using proper instruments, the results of the tests are also presented in the paper.

Suggested Citation

  • Constantin ANGHELACHE & Alexandru MANOLE & Mădălina Gabriela ANGHEL, 2015. "Analysis of final consumption and gross investment influence on GDP – multiple linear regression model," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(3(604), A), pages 137-142, Autumn.
    • Handle: RePEc:agr:journl:v:xxii:y:2015:i:3(604):p:137-142
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    References listed on IDEAS

    as
    1. Graeme Chamberlin, 2011. "Gross domestic product, real income and economic welfare," Economic & Labour Market Review, Palgrave Macmillan;Office for National Statistics, vol. 5(5), pages 5-25, May.
    2. Ana Maria Mihaela Iordache & Ionela Catalina Tudorache & Mihai Tiberiu Iordache, 2011. "An Econometrical Model For Calculating The Romanian Gross Domestic Product," Romanian Economic Business Review, Romanian-American University, vol. 5(2.1), pages 492-499, December.
    3. Constantin MITRUT & Adina Mihaela DINU & Ligia PRODAN & Bogdan DRAGOMIR, 2014. "GDP and Foreign Investments Evolution," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 62(1), pages 126-129, January.
    4. Constantin ANGHELACHE & Madalina Gabriela ANGHEL & Ligia PRODAN & Cristina SACALA & Marius POPOVICI, 2014. "Multiple Linear Regression Model Used in Economic Analyses," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 62(10), pages 120-127, Octomber.
    5. Mihaela Ioneci & Georgiana Mîndreci, 2010. "The Impact Of The Foreign Direct Investment On Romania’s Economy," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 10(2), pages 199-206.
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    Citations

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    Cited by:

    1. Madalina-Gabriela ANGHEL & Constantin ANGHELACHE & Diana Valentina DUMITRESCU & Daniel DUMITRESCU, 2016. "Analysis of the correlation between the Gross Domestic Product and some factorial variables," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 64(10), pages 138-145, October.
    2. Madalina Gabriela ANGHEL & Constantin ANGHELACHE & Emilia STANCIU & Marius POPOVICI, 2016. "The Substantiation of the Investment Decision," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 64(8), pages 94-103, August.
    3. Alexandru MANOLE & Constantin ANGHELACHE & Madalina Gabriela ANGHEL & Andreea MARINESCU, 2016. "Sensitivity analysis methods in uncertainty environment," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 64(8), pages 59-69, August.
    4. BRICIU Sorin & OFILEANU Dimi, 2016. "The Analysis Of The Factors That Influence The Turnover In The Romanian Footwear Industry," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 68(4), pages 59-81, December.
    5. Mirela PANAIT & Cătălin VOICA, 2017. "The relation between foreign direct investments and some economic indicators. The case of Romanian economy," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(2(611), S), pages 263-276, Summer.
    6. Constantin Anghelache & Alexandru Manole & Madalina-Gabriela Anghel & Emilia Stanciu & Alexandru Ursache, 2017. "Some Significant Macroeconomic Evolutions at the End of 2016," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 7(1), pages 213-224, January.
    7. repec:agr:journl:v:4(605):y:2015:i:4(605):p:45-52 is not listed on IDEAS
    8. Mario G.R. Pagliacci & Constantin Anghelache & Alexandru Manole & Madalina Gabriela Anghel, 2016. "The Econometric Model for the Economic and Financial Analysis of Romanian International Trade," Romanian Statistical Review, Romanian Statistical Review, vol. 64(3), pages 53-66, September.
    9. Constantin ANGHELACHE & Madalina Gabriela ANGHEL, 2017. "Econometric Methods And Models Used In The Analysis Of The Factorial Influence Of The Gross Domestic Product Growth," Network Intelligence Studies, Romanian Foundation for Business Intelligence, Editorial Department, issue 9, pages 67-78, June.
    10. Madalina-Gabriela ANGHEL & Georgiana NITA & Alexandru BADIU, 2017. "Impact of Remittances on Financial Development and Economic Growth," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(1), pages 106-112, January.
    11. Nigar Huseynli, 2022. "Effect of Renewable Energy and Traditional Energy Production on Economic Growth: The Case of Turkey and Azerbaijan," International Journal of Energy Economics and Policy, Econjournals, vol. 12(3), pages 257-261, May.
    12. Constantin ANGHELACHE & Alexandru MANOLE & Mădălina-Gabriela ANGHEL, 2017. "Macroeconomic models used in structural analysis of GDP," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(1(610), S), pages 197-206, Spring.
    13. Madalina Gabriela ANGHEL & Aurelian DIACONU & Cristina SACALA, 2015. "Analysis of the Evolution of Gross Domestic Product by Categories of Users," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 63(10), pages 35-42, October.
    14. Mirela PANAIT & Andreea – Ioana Marinescu, 2016. "Statistical-econometric model used for the analysis of the correlation between the Gross Domestic Product and the Labour Productivity," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 64(11), pages 180-187, November.
    15. Constantin ANGHELACHE & Diana Valentina SOARE & Marius POPOVICI, 2015. "Analysis of Gross Domestic Product Evolution under the Influence of the Final Consumption," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(4(605), W), pages 45-52, Winter.
    16. Constantin ANGHELACHE & Alexandru MANOLE & Mădălina-Gabriela ANGHEL, 2017. "Macroeconomic models used in structural analysis of GDP," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(1(610), S), pages 197-206, Spring.
    17. Alexander I. VILLANUEVA, 2020. "Analyzing Romania GDP: Final consumption, gross investment, and net exports influence compared to previously published models," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(4(625), W), pages 169-176, Winter.
    18. Muhammad Umar & Muhammad Safdar Sial & Yan Xu, 2021. "What Are The Channels Through Which Bank Liquidity Creation Affects GDP? Evidence From an Emerging Country," SAGE Open, , vol. 11(2), pages 21582440211, June.

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