IDEAS home Printed from https://ideas.repec.org/a/rjr/romjef/vy2013i2p211-222.html
   My bibliography  Save this article

The Input-Output Modeling Approach to the National Economy

Author

Listed:
  • Gaftea, Viorel

    (Institute for Economic Forecasting, Romanian Academy; University Tomis, Constanta.)

Abstract

The paper presents the conceptual and analytical framework of the Input-Output approach to the Romanian Economy Macromodel. The model uses annual Input- Output (I-O) tables, behavioral analysis and support estimation equations for technical coefficients, macro indicators and other variables. The I-O Model is based on the Romanian I-O tables and the methodology developed by Wassily Leontief (Nobel laureate in Economics, 1973). The model databases uses the 1989-2009 I-O tables and data series provided by the National Institute of Statistics for 105 branches of the economy, which are aggregated into seven sectors. The paper deals with the integration of other I-O sub-models needed to address the economy as a whole into the original model, in the interest of the current development of the Romanian economy. The model describes the structure and the potential of the Romanian economy and relies on the experience accumulated by the author in participating in the “Dobrescu macromodels” initiatives, the postdoctoral studies and analysis of input-output technical coefficients behavior or other studies based on I-O analysis.

Suggested Citation

  • Gaftea, Viorel, 2013. "The Input-Output Modeling Approach to the National Economy," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 211-222, June.
    • Handle: RePEc:rjr:romjef:v::y:2013:i:2:p:211-222
    as

    Download full text from publisher

    File URL: http://www.ipe.ro/rjef/rjef2_13/rjef2_2013p211-222.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Dobrescu, Emilian & Gaftea, Viorel & Scutaru, Cornelia, 2010. "Using the Leontief Matrix to Estimate the Impact of Investments upon the Global Output," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 176-187, July.
    2. Dobrescu, Emilian, 1996. "Macromodels of the Romanian transition Economy," MPRA Paper 35810, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Tetere, Vineta & Peerlings, Jack & Dries, Liesbeth, 2023. "The forest-based bioeconomy in Latvia: economic and environmental importance," Bio-based and Applied Economics Journal, Italian Association of Agricultural and Applied Economics (AIEAA), vol. 12(4), December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Scutaru, Cornelia & Fomin, Petre & Stanica, Cristian, 2010. "Prospects for the Evolution of the Economic Sectors’ Behavior," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(5), pages 120-142.
    2. Albu, Lucian Liviu & Roudoi, Andrei, 2003. "Scenarios Of Economic Development In Romania – Medium To Long-Term Forecasting Models," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(5), pages 64-77, December.
    3. Dobrescu, Emilian, 2013. "Modelling the Sectoral Structure of the Final Output," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(3), pages 59-89, October.
    4. Dobrescu, Emilian, 2004. "Economia Romaniei in perioada 2003-2010: Estimari de macromodel [Romanian economy during 2003-2010: Macromodel estimations]," MPRA Paper 35768, University Library of Munich, Germany.
    5. Dobrescu, Emilian, 2007. "Modelling The Romanian Economy: Some Data Problems," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 4(1), pages 7-25, March.
    6. Caraiani, Petre, 2007. "An Analysis of the Fluctuations in the Romanian Economy using the Real Business Cycles Approach," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 4(2), pages 76-86, June.
    7. Dobrescu, Emilian, 2002. "Macromodel Estimation for the Romanian "Pre-Accession Economic Programme"," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(5), pages 5-38, December.
    8. Mihail Busu & Madalina Vanesa Vargas & Sorin Anagnoste, 2023. "Navigating the Intricate Relationship between Investments and Global Output: A Leontief Matrix Case Study of Romania," JRFM, MDPI, vol. 16(12), pages 1-21, December.
    9. Jaanika Meriküll, 2004. "Macroeconometric Modelling of the Estonian Economy," University of Tartu - Faculty of Economics and Business Administration, in: Modelling the Economies of the Baltic Sea Region, volume 17, chapter 5, pages 138-166, Faculty of Economics and Business Administration, University of Tartu (Estonia).
    10. Florin-Marius PAVELESCU, 2011. "Methodological implications of the of extension of the number of considered markets in a non-Walrasian equilibrium model," Romanian Journal of Economics, Institute of National Economy, vol. 33(2(42)), pages 203-215, December.
    11. Pauna, Bianca & Ghizdeanu, Ion & Scutaru, Cornelia & Fomin, Petre & Saman, Corina, 2007. "The "DOBRESCU” Macromodel of the Romanian Market Economy* - 2005 version - Yearly Forecast - actualised scenario," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 4(2), pages 118-123, June.
    12. Emilian Dobrescu, 2006. "Integration of Macroeconomic Behavioural Relationships and the Input-output Block (Romanian Modelling Experience)," EcoMod2006 272100018, EcoMod.
    13. Pelinescu, Elena & Dospinescu, Andrei Silviu, 2008. "Alternative Measures of Core Inflation in Romania," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 5(1), pages 134-148, March.
    14. Albu, Lucian-Liviu, 2003. "Estimating contribution of factors to long-term growth in Romania," MPRA Paper 14729, University Library of Munich, Germany.
    15. Emilian Dobrescu & Viorel Gaftea, 2012. "On the Accuracy of RAS Method in an Emergent Economy," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 14(32), pages 502-521, June.
    16. Institute for Economic Forecasting & Centre for Macroeconomic Modelling, 2011. "The Dobrescu Macromodel of the Romanian Market Economy – 2005 Version Yearly Forecast Spring Forecast 2011, March Estimate," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(1), pages 277-281, March.
    17. Saman, Corina & Pauna, Bianca, 2013. "New Keynesian Phillips Curve for Romania," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 159-171, June.
    18. Moisa Altar & Ciprian Necula & Gabriel Bobeica, 2009. "A Robust Assessment of the Romanian Business Cycle," Advances in Economic and Financial Research - DOFIN Working Paper Series 28, Bucharest University of Economics, Center for Advanced Research in Finance and Banking - CARFIB.
    19. Albu, Lucian-Liviu, 2003. "Underground economy modelling: simple models with complicated dynamics," MPRA Paper 12447, University Library of Munich, Germany.
    20. Moisa, Altar & Necula, Ciprian & Bobeica, Gabriel, 2010. "Estimating Potential GDP for the Romanian Economy. An Eclectic Approach," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(3), pages 5-25, September.

    More about this item

    Keywords

    input-output; modeling; structural changes; coefficients; driving effect;
    All these keywords.

    JEL classification:

    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • H6 - Public Economics - - National Budget, Deficit, and Debt

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rjr:romjef:v::y:2013:i:2:p:211-222. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Corina Saman (email available below). General contact details of provider: https://edirc.repec.org/data/ipacaro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.