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The Credit Policy And Its Impact On The Romanian Economy

  • ELENA PELINESCU

    ()

    (Institute for Economic Forecasting, Romania)

  • PETRE CARAIANI

    ()

    (Institute for Economic Forecasting, Romania)

In this paper we discuss the credit policy and how it affected the macroeconomic dynamics in Romania. We estimate a regression on quarterly data in which economic growth is the dependant variable and foreign direct investments and domestic credit are the explanatory variable. We found significant and strong positive coefficients for the effects of credits and foreign direct investments on economic growth. We also found some degree of inertia in GDP.

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File URL: http://mef.univnt.ro/wp-content/uploads/MEF/2011/mef-01.05.pdf
File Function: First version, 2012
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Article provided by ROMANIAN ACADEMY – INSTITUTE FOR ECONOMIC FORECASTING & "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences in its journal New Trends in Modelling and Economic Forecast (MEF 2011).

Volume (Year): 1 (2012)
Issue (Month): 1 (January)
Pages: 54-68

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Handle: RePEc:ntu:ntumef:vol1-iss1-12-054
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