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Correlation Between Gross Domestic Product And Inflation Rate In The Romanian Economy Between 1991-2014

Author

Listed:
  • Mihaela, SAVU

    (Faculty of Management-Marketing in Economic Affairs, "Constantin Brâncoveanu" University of Pitesti)

Abstract

The article presents gross domestic product and inflation rate - two of the macroeconomic indicators with the strongest influences in the economy. The analysis of these indicators is performed over the interval 1991- 2014. In the Romanian economy, between the two indicators there is a negative relationship of moderate intensity. Using the Microsoft Excel spreadsheet application, Data Analysis module, it was possible to establish a regression function between gross domestic product and inflation rate.

Suggested Citation

  • Mihaela, SAVU, 2015. "Correlation Between Gross Domestic Product And Inflation Rate In The Romanian Economy Between 1991-2014," Management Strategies Journal, Constantin Brancoveanu University, vol. 28(2), pages 20-24.
    • Handle: RePEc:brc:journl:v:28:y:2015:i:2:p:20-24
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    More about this item

    Keywords

    Gross Domestic Product; inflation rate; correlation; regression;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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