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Fluctuation Of Economic Activity, Sectoral Distribution Of Gross Value Added And The Size Of Backward Multipliers In Romania During The Period 1989-2009

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  • Florin-Marius PAVELESCU

    () (Institute of National Economy – Romanian Academy)

Abstract

In this paper it is adopted the assumption that the analysis of the features of the sectoral structure of a country’s economy shall have in view not only the sectoral distribution of value-added, but also the sectoral ratios of the effective production to the value added, and the sectoral multipliers of the input-output table. In this context, having in view some algebrical properties of the backward multipliers of the input-output table, demonstrated in F. M. Pavelescu (1997), an improved methodology is proposed for the analysis and interpretation of the economic significance of the above-mentioned indicator both in absolute and relative values. The analytical framework mentioned above is applied in the case of Romania and permits to show that in Romania, during the period 1989-2009, the transformation process and the integration into the European Union generated not only important fluctuations of the gross domestic product (GDP) and the growth of the role of the service sector, but also important changes in the sectoral ratio of the effective production to the value added and in the size of the input-output multipliers.

Suggested Citation

  • Florin-Marius PAVELESCU, 2012. "Fluctuation Of Economic Activity, Sectoral Distribution Of Gross Value Added And The Size Of Backward Multipliers In Romania During The Period 1989-2009," Romanian Journal of Economics, Institute of National Economy, vol. 35(2(44)), pages 88-112, December.
  • Handle: RePEc:ine:journl:v:2:y:2012:i:44:p:88-112
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    References listed on IDEAS

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    1. Gheorghe Zaman & Valentina Vasile & Marius Surugiu & Camelia Surugiu, 2010. "Tourism and Economic Development in Romania: Input-Output Analysis Perspective," Romanian Journal of Economics, Institute of National Economy, vol. 31(2(40)), pages 5-37, December.
    2. repec:ine:journl:v:17:y:2003:i:17:p:39-73 is not listed on IDEAS
    3. Emilian Dobrescu & Viorel Gaftea, 2012. "On the Accuracy of RAS Method in an Emergent Economy," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 14(32), pages 502-521, June.
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    Citations

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    Cited by:

    1. Vyklyuk Yaroslav I. & Yevdokymenko Valeriy K. & Yaskal Ihor V., 2016. "The Proportions and Rates of Economic Activities as a Factor of Gross Value Added Maximization in Transition Economy," Scientific Annals of Economics and Business, De Gruyter Open, vol. 63(1), pages 47-64, March.

    More about this item

    Keywords

    main sense of structural change; effective production/gross valueadded ratio; harmonical weighted mean; types of relative backward multiplier;

    JEL classification:

    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-

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