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Current Economic Crisis In Romania

Author

Listed:
  • Liviu-Stelian Begu
  • Laura Patache
  • Alexandra Irod

Abstract

The paper is intended to be primarily a factual developments illustrate the main economic indicators in the context of Romania's crisis by creating a digital picture to illustrate the main effects of the country. The idea started more from a personal desire to make a passage highlighted "the crisis, where some of it not felt it directly, seem to be amplified in an unduly by the media†. Secondly, we proposed the application of an econometric model using as a set of macroeconomic indicators compiled data for Romania for the period 2000 to 2008. This will allow certain scenarios and forecasting developments in the context of model assumptions. Another issue raised by the paper is related to the validity of the model used and how plausible conclusions can be reached after application.

Suggested Citation

  • Liviu-Stelian Begu & Laura Patache & Alexandra Irod, 2009. "Current Economic Crisis In Romania," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(11), pages 1-7.
    • Handle: RePEc:alu:journl:v:2:y:2009:i:11:p:7
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    File URL: http://oeconomica.uab.ro/upload/lucrari/1120092/07.pdf
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    More about this item

    Keywords

    crisis; econometrics; endogenous variables; exogenous variables;
    All these keywords.

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General

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