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Empirical evidence on the Ricardian equivalence in Romania

Author

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  • Daniel BELINGHER

    (The Institute of Economic Forecasting, Romanian Academy, Bucharest)

  • Nicolae MOROIANU

    (Bucharest University of Economic Studies, Romania)

Abstract

The Ricardian equivalence has become one of the main research concern for many contemporary economists, in the actual context – by stepping into the second phase of a structural economic crisis. This paper is showing through an econometric model what happened in Romania between 2004 and 2012 with the households’ consumption, by following the Ricardian equivalence hypothesis.

Suggested Citation

  • Daniel BELINGHER & Nicolae MOROIANU, 2015. "Empirical evidence on the Ricardian equivalence in Romania," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(2(603), S), pages 163-170, Summer.
    • Handle: RePEc:agr:journl:v:xxii:y:2015:i:2(603):p:163-170
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    References listed on IDEAS

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    1. Feldstein, Martin, 1982. "Government deficits and aggregate demand," Journal of Monetary Economics, Elsevier, vol. 9(1), pages 1-20.
    2. Buchanan, James M, 1976. "Barro on the Ricardian Equivalence Theorem," Journal of Political Economy, University of Chicago Press, vol. 84(2), pages 337-342, April.
    3. Barro, Robert J, 1974. "Are Government Bonds Net Wealth?," Journal of Political Economy, University of Chicago Press, vol. 82(6), pages 1095-1117, Nov.-Dec..
    4. Dumitru-Alexandru BODISLAV, 2015. "Transferring business intelligence and big data analysis from corporations to governments as a hybrid leading indicator," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(1(602), S), pages 275-282, Spring.
    5. B. Douglas Bernheim, 1987. "Ricardian Equivalence: An Evaluation of Theory and Evidence," NBER Chapters, in: NBER Macroeconomics Annual 1987, Volume 2, pages 263-316, National Bureau of Economic Research, Inc.
    6. Dumitru Alexandru Bodislav & Luoana Florentina Pascu & Bogdan Pascu, 2015. "The Future of Economic Policy Making: A Functional and Social Exploratory Perspective," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 5(2), pages 107-113, February.
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    Cited by:

    1. Artidiatun Adji & James Alm, 2016. "Testing for Ricardian Equivalence in Indonesia," Working Papers 1616, Tulane University, Department of Economics.
    2. Nicolae MOROIANU & Daniel-Stefan BELINGHER, 2021. "Is There A Classical Solution For A Contemporary Problem?," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 15(1), pages 994-1006, November.
    3. İbrahim ÖZMEN, 2022. "New Evidence from Government Debt and Economic Growth in Core and Periphery European Union Countries : Asymmetric Panel Causality," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(3), pages 167-187, October.
    4. Daniel Ştefan BELINGHER, 2016. "A Three-Dimensional Approach On The Ricardian Equivalence In Romania," Romanian Economic Business Review, Romanian-American University, vol. 11(2), pages 112-122, June.

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