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The Economic Structure In Euro Zone And Romania: A Comparative Analysis

Author

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  • Elena Grigorie

Abstract

This paper briefly analyses and compares the economic structures in Euro area and Romania.More exactly, we have emphasized the contributions of households, non-financial corporations,financial corporations, and government to different macroeconomic indicators. The analysis is relevant considering the importance of having similar economic cycles and increased integration in European Union member states. In line with expectations, our findings have revealed differences between Euro area and Romania. Furthermore, we have notices an increased volatility for both the macroeconomic indicators and the contributions of sectors in Romania. Therefore, we highlight the importance of adopting policies to increase the economic convergence.

Suggested Citation

  • Elena Grigorie, 2019. "The Economic Structure In Euro Zone And Romania: A Comparative Analysis," Euroinfo, Institute for World Economy, Romanian Academy, vol. 3(8), pages 37-48, August.
    • Handle: RePEc:iem:eurinf:v:3:y:2019:i:8:p:37-48
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    File URL: http://www.iem.ro/rem/index.php/euroinfo/article/view/718/799
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    More about this item

    Keywords

    economic structure; value added; Euro area; Romania;
    All these keywords.

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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