IDEAS home Printed from
   My bibliography  Save this article

Macroeconomic Developments Based On The Main Components’ Method


  • Mariana BALAN

    () (Institute for Economic Forecasting – NIER, Romanian Academy, Romania)

  • Valentina VASILE

    () (Institute for National Economy – NIER, Romanian Academy, Romania)


The main components’ method allows for identifying the fundamental structures of some complex data basis, the highlighting of significant relationships of interdependence and the selection of a low number of factors the features of which may be used as basis for estimates or decisions. The paper intends to investigate some variables with direct and significantly propagated impact on the evolution of macroeconomic indicators – oil price, human capital and educational stock. The suggested methodology permits the identification of measures and instruments of policies’ adjustment, including some prevention mechanisms. The outcomes of using the model are presented based on: a) determining the influences of oil price changes (including shocks) on some macroeconomic indicators for the same period of time in which these occur; b) determining the employability on industries of the national economy with major impact on economic development, particularly for transition countries exposed to deep structural changes; c) influence of diminishing rate of non-participation to education and/or early school-leaving on economic performances.

Suggested Citation

  • Mariana BALAN & Valentina VASILE, 2010. "Macroeconomic Developments Based On The Main Components’ Method," The Annals of the "Stefan cel Mare" University of Suceava. Fascicle of The Faculty of Economics and Public Administration, "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration, vol. 10(Special), pages 356-366, December.
  • Handle: RePEc:scm:ausvfe:v:10:y:2010:i:special:p:356-366

    Download full text from publisher

    File URL:,nr.special,2010%20fulltext.pdf
    Download Restriction: no


    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:scm:ausvfe:v:10:y:2010:i:special:p:356-366. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Liviu Scutariu). General contact details of provider: .

    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.

    We have no references for this item. You can help adding them by using 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.