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The new economic governance in the EU Member States. Macroeconomic results and statistical correlations for Romania

Author

Listed:
  • Mirela Cristea

    (University of Craiova Faculty of Economics and Business Administration)

  • Ionu? Dr?gulin

    (University of Craiova Faculty of Economics and Business Administration)

Abstract

In the current economic context of economic and financial crisis, many European countries are facing with fundamental issues and trends that are unsustainable on the long term. In these circumstances, we have developed the present study which analyzes the EU strategies for establishing a new economic governance for all Member States. We present the perspective of Romania’s macroeconomic stability in the European context, in its process for accession to the EMU, through the nominal and real convergence criteria. On this background, we make a statistical study on the direction of causality relation between GDP and the main factors of the influence at the macroeconomic level. Reviving growth, as predicted by Romanian institutions, would produce major benefits to act extensively through coherent policies to balance the money market, the labor market and the fiscal framework

Suggested Citation

  • Mirela Cristea & Ionu? Dr?gulin, 2016. "The new economic governance in the EU Member States. Macroeconomic results and statistical correlations for Romania," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(44), pages 310-321.
    • Handle: RePEc:aio:aucsse:v:1:y:2016:i:44:p:310-321
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    More about this item

    Keywords

    new economic governance; EMU; nominal and real convergence criteria; economic growth; statistical correlations;
    All these keywords.

    JEL classification:

    • C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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