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An Econometrical Model For Calculating The Romanian Gross Domestic Product

Author

Listed:
  • Ana Maria Mihaela Iordache

    (Romanian-American University)

  • Ionela Catalina Tudorache

    (Romanian-American University)

  • Mihai Tiberiu Iordache

    (IMSAT Bucharest)

Abstract

This article analyzes the possibility of determining the Romanian Gross Domestic Product on the basis of a linear model, based on macroeconomic indicators such as unemployment, inflation, exchange rate. The proposed solution allows forecasting the Gross Domestic Product for the following period of time based on equation determined from the model in order to develop scenarios for improving the macroeconomic situation of Romania. The article also can be a starting point in the field of strategic investments, both at macro and micro level. Any foreign investor, before starting a business in another country, calculated and also made predictions about the economic situation of that country, in order not to lose the investment made.

Suggested Citation

  • Ana Maria Mihaela Iordache & Ionela Catalina Tudorache & Mihai Tiberiu Iordache, 2011. "An Econometrical Model For Calculating The Romanian Gross Domestic Product," Journal of Information Systems & Operations Management, Romanian-American University, vol. 5(2.1), pages 492-499, December.
    • Handle: RePEc:rau:jisomg:v:5:y:2011:i:2.1:p:492-499
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    File URL: http://www.rebe.rau.ro/RePEc/rau/jisomg/WI11-2/JISOM-WI11-2-A8.pdf
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