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BARS curve in Romanian economy

Author

Listed:
  • Emilian Dobrescu

    (Romanian Academy)

Abstract

The paper is consacrated to the binomial “public budget-global output” from the BARS curve perspective. The first section characterizes the main conceptual premises of this approach. The second is devoted to empirical analysis, using the statistical data (1990- 2013) for Romania, an European emergent economy: three cointegrating regressions (fully modified least squares, canonical cointegrating regression and dynamic least squares) and three algorithms based on instrumental variables (two-stage least squares, generalized method of moments, and limited information maximum likelihood) are used. Some conclusions are presented.

Suggested Citation

  • Emilian Dobrescu, 2015. "BARS curve in Romanian economy," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 17(39), pages 693-693, May.
    • Handle: RePEc:aes:amfeco:v:39:y:2015:i:17:p:693
    as

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    References listed on IDEAS

    as
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    More about this item

    Keywords

    public budget; global output; BARS curve;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General

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