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

Author

Listed:
  • GRIGORESCU ADRIANA
  • Adriana GRIGORESCU
  • Constantin BOB
  • Andreea Simona SASEANU

Abstract

The market sistem is recognized as the most efficient way to organize a modern and dynamic economy. European Single Market and the Internal Market is 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 on the 8 regions, applying a methodology for forecasting hierarchical structure.Forecast of supply and demand for industrial products and services at national level.

Suggested Citation

  • GRIGORESCU ADRIANA & Adriana GRIGORESCU & Constantin BOB & Andreea Simona SASEANU, 2011. "Forecasting Analysis On The Satisfied Supply And Demand Industrial Products And Services Within The Single Market," EcoMod2011 3194, EcoMod.
    • Handle: RePEc:ekd:002625:3194
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    Keywords

    Romania; Forecasting; nowcasting; Business cycles;
    All these keywords.

    JEL classification:

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

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