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Is economic growth sustainable in Romania?

Author

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  • Ciobanu, George
  • Ciobanu, Andreea Maria

Abstract

The last events which took place after the 1st January 2007 and Romania’s admission in the European Union imply a sustainable and continuous economic growth, in order to reduce economic and social disparities between our country, EU average and other EU members, through a mobilization of the intern capital and labour force potential. Given this context, the paper aims at identifying and explaining, through a retrospective analysis, GDP fluctuations and tries to evaluate, using the aggregate supply-demand model, the contribution of each structural element in GDP formation and increase. Finally, the article proposes directions of action for continuing the sustainable development of Romania and reducing the gaps between this country and other EU members.

Suggested Citation

  • Ciobanu, George & Ciobanu, Andreea Maria, 2008. "Is economic growth sustainable in Romania?," MPRA Paper 7810, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:7810
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    File URL: https://mpra.ub.uni-muenchen.de/7810/1/MPRA_paper_7810.pdf
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    References listed on IDEAS

    as
    1. Ciobanu, George, 2008. "Romania and foreign direct investment," MPRA Paper 7280, University Library of Munich, Germany.
    2. Yingqi A. Wei & V. N. Balasubramanyam (ed.), 2004. "Foreign Direct Investment," Books, Edward Elgar Publishing, number 3169.
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    More about this item

    Keywords

    nominal GDP; real GDP; aggregate demand; aggregate supply; growth factors;
    All these keywords.

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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