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CURRENT ECONOMIC CRISIS IN ROMANIA Liviu-Stelian Begu, The Academy of Economic Studies Bucharest Laura Patache, “Spiru Haret†University Constanta Alexandra Irod, The Academy of Economic Studies Bucharest


  • Liviu-Stelian Begu

    (The Academy of Economic Studies Bucharest)

  • Laura Patache

    (“Spiru Haret†University Constanta)

  • Alexandra Irod

    (The Academy of Economic Studies Bucharest)


The paper is intended to be primarily a factual developments illustrate themain economic indicators in the context of Romania's crisis by creating a digital pictureto illustrate the main effects of the country. The idea started more from a personal desireto make a passage highlighted "the crisis, where some of it not felt it directly, seem to beamplified in an unduly by the media . Secondly, we proposed the application of aneconometric model using as a set of macroeconomic indicators compiled data forRomania for the period 2000 to 2008. This will allow certain scenarios and forecastingdevelopments in the context of model assumptions. Another issue raised by the paper isrelated to the validity of the model used and how plausible conclusions can be reachedafter application.

Suggested Citation

  • Liviu-Stelian Begu & Laura Patache & Alexandra Irod, 2009. "CURRENT ECONOMIC CRISIS IN ROMANIA Liviu-Stelian Begu, The Academy of Economic Studies Bucharest Laura Patache, “Spiru Haret†University Constanta Alexandra Irod, The Academy of Economic Studies Bu," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(11), pages 1-7.
  • Handle: RePEc:alu:journl:v:2:y:2009:i:11:p:7

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    crisis; econometrics; endogenous variables; exogenous variables;

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General


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