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Economic growth and macroeconomic variables influences in Romania

Author

Listed:
  • Raluca DRACEA
  • Mirela CRISTEA

    (University of Craiova)

Abstract

The current paper focuses on the identification of the factors that influenced the evolution of the real sector in Romania between 1990 and 2007, having as a theoretical background the IS-LM model for a small economy, Romania’s case. In this way, we have tested the correlations among: the dynamics of GDP and the capital; GDP evolution, final consumption and public expenses evolution; GDP and foreign direct investments, GDP and the external demand; GDP evolution and the balance of trade. The paper has three sections: a short description of the existing theoretical fundaments; the research methodology based on statistical analysis; and the results of the research with conclusions regarding the trends recorded by macroeconomic indicators and the influence generated over the evolution of the real sector in Romania.

Suggested Citation

  • Raluca DRACEA & Mirela CRISTEA, 2010. "Economic growth and macroeconomic variables influences in Romania," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(12), pages 108-122, December.
    • Handle: RePEc:aio:fpvfcf:v:1:y:2010:i:12:p:108-122
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    File URL: http://feaa.ucv.ro/FPV/012-14.pdf
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    References listed on IDEAS

    as
    1. Robert G. King, 1993. "Will the New Keynesian Macroeconomics Resurrect the IS-LM Model?," Journal of Economic Perspectives, American Economic Association, vol. 7(1), pages 67-82, Winter.
    2. Romer, Paul M., 1990. "Human capital and growth: Theory and evidence," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 32(1), pages 251-286, January.
    3. Sebastian Edwards, 1990. "Capital Flows, Foreign Direct Investment, and Debt-Equity Swaps in Developing Countries," NBER Working Papers 3497, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    macroeconomic variables; real sector; economic growth; statistical correlations;
    All these keywords.

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)

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