Scenarios Of Economic Development In Romania – Medium To Long-Term Forecasting Models
In order to obtain plausible scenarios of economic development in Romania up to 2010-2015 horizon, the authors use a mix of forecasting models, like „medium-term” ones and „long-run” models. In this respect three alternative models are used, a sustainability function model (for public debt and fiscal deficits), a simple econometric model based on a production function with FDI and exports included as inputs and a standard Cobb-Douglas model.
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Volume (Year): (2003)
Issue (Month): 5 (December)
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- Dobrescu, Emilian, 1996. "Macromodels of the Romanian transition Economy," MPRA Paper 35810, University Library of Munich, Germany.
- Robert J. Barro, 1989.
"Economic Growth in a Cross Section of Countries,"
NBER Working Papers
3120, National Bureau of Economic Research, Inc.
- Fischer, Stanley, 1993.
"The role of macroeconomic factors in growth,"
Journal of Monetary Economics,
Elsevier, vol. 32(3), pages 485-512, December.
- Croitoru, Lucian & Tarhoaca, Cornel, 2003. "The Romanian Growth Potential – A Cge Analysis," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(4), pages 7-22, December.
- Balasubramanyam, V N & Salisu, M & Sapsford, David, 1996.
"Foreign Direct Investment and Growth in EP and IS Countries,"
Royal Economic Society, vol. 106(434), pages 92-105, January.
- V N Balasubramanyam & M Salisu & David Sapsford., . "Foreign Direct Investment and Growth in EP and IS Countries," Working Papers ec18/94, Department of Economics, University of Lancaster.
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