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Econometric Model Concerning The Status and Evolution of The Automotive Industry in Romania

Author

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  • Alina Hagiu

    (University of Pitesti, Romania)

Abstract

The year when the automobile appear, 1885, changed irreversibly the world, revolutionizing the people lifestyle. This creation anticipated new industrial domains, stimulated the massive employments, and eroded the "class struggle" offering the opportunity to travel also to those without financial possibilities, offering the pleasure of hobby to thousands of people. These considerations coupled with the fact that the automotive industry in Romania is one of the industries with the highest value added, made us choose this industry for our study. The paper aims to make a presentation of the characteristics and evolution of the automotive industry in Romania, also proposing an econometric model through which to be able to predict its evolution.

Suggested Citation

  • Alina Hagiu, 2012. "Econometric Model Concerning The Status and Evolution of The Automotive Industry in Romania," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 12(3), pages 83-96.
  • Handle: RePEc:pet:annals:v:12:y:2012:i:3:p:83-96
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    References listed on IDEAS

    as
    1. Mirela Sîrbu & Ovidia Doinea & Mădălina Giorgiana Mangra, 2009. "Knowledge Based Economy - The Basis for Insuring a Sustainable Development," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 9(4), pages 227-232.
    2. Simona Manea, 2005. "Tendencies Qualitative and Changes in the Automotive Industry," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 5, pages 223-228.
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    More about this item

    Keywords

    competitiveness; automobile industry; performance; evolution; economic crisis;
    All these keywords.

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L62 - Industrial Organization - - Industry Studies: Manufacturing - - - Automobiles; Other Transportation Equipment; Related Parts and Equipment
    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation, Validation, and Selection

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