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Forecasting Analysis On The Satisfied Supply And Demand Industrial Products And Services Within The Single Market

Author

Listed:
  • Adriana GRIGORESCU

    (National School of Political and Administrative Studies, Bucharest, Romania)

  • Constantin BOB

    (The Academy of Economic Studies, Bucharest, Romania)

  • Andreea Simona SASEANU

    (The Academy of Economic Studies, Bucharest, Romania)

Abstract

The market system is recognized as the most efficient way to organize a modern and dynamic economy. The European Single Market and the Internal Market are today the largest market in the world. The European Union produces over 30% of global GDP, thus becoming a leading player globally. Single Market is based on removing barriers and simplifying existing rules to enable each individual consumer and trader in the EU to take maximum advantage of the opportunities it offers, thus having direct access to 27 countries and 480 million people. From the perspective of its position as the world's main economic entity, the European Union has a poignant interest in ensuring favorable conditions for the development of world trade. Under this context, the paper presents a statistical analysis of supply and demand for industrial products and services at national level and in 8 regions, applying a methodology for forecasting hierarchical structure.

Suggested Citation

  • Adriana GRIGORESCU & Constantin BOB & Andreea Simona SASEANU, 2011. "Forecasting Analysis On The Satisfied Supply And Demand Industrial Products And Services Within The Single Market," HOLISTICA Journal of Business and Public Administration, Association Holistic Research Academic (HoRA), vol. 2(2), pages 13-33, July - De.
  • Handle: RePEc:urn:urnste:v:2:y:2011:i:2:p:13-33
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    Keywords

    Single Market; demand; supply; industrial; service; forecast.;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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