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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," Romanian Economic Business Review, Romanian-American University, vol. 5(2.1), pages 492-499, December.
  • Handle: RePEc:rau:journl: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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    Citations

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    Cited by:

    1. Constantin ANGHELACHE & Daniel DUMITRESCU & Diana Valentina SOARE, 2015. "The Analysis Model of Correlation between GDP and its main Influence Factors," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 63(11), pages 87-93, November.
    2. Constantin ANGHELACHE & Alexandru MANOLE & Aurelian DIACONU, 2016. "Economic and social evolution of Romania during the recent period –multidimensional analysis," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 64(8), pages 19-25, August.
    3. Constantin ANGHELACHE & Alexandru MANOLE & Mădălina Gabriela ANGHEL, 2015. "Analysis of final consumption and gross investment influence on GDP – multiple linear regression model," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(3(604), A), pages 137-142, Autumn.
    4. Constantin Anghelache & Alexandru Manole & Madalina Gabriela Anghel, 2015. "Analysis of Final Consumption, Gross Investment, the Changes in Inventories and Net Exports Influence of GDP Evolution, by Multiple Regression," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 5(3), pages 66-70, July.
    5. repec:agr:journl:v:3(604):y:2015:i:3(604):p:137-142 is not listed on IDEAS

    More about this item

    Keywords

    regression; GDP; inflation; unemployment; forecast;

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