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Some Considerations Regarding The Economic Cycles In Romania During The 1859-2010 Period

Author

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  • Florin-Marius PAVELESCU

    (Institute of National Economy,Romanian Academy)

Abstract

This paper deals with the problem of periodisation of Romania’s economic history during the 1860-2010 period. In order to achieve the objective, several methods are used. A first method is the identification of decennial economic cycles. The second method is to emphasize the impact of economic transitions and other changes in the institutional framework, which Romania has faced during the analysed period in the periodisation of economic history. The third approach is to reveal the advantages of taking into consideration bi-decennial economic cycles for analysis of long-run evolution of the economy of a country.

Suggested Citation

  • Florin-Marius PAVELESCU, 2013. "Some Considerations Regarding The Economic Cycles In Romania During The 1859-2010 Period," Romanian Journal of Economics, Institute of National Economy, vol. 36(1(45)), pages 92-113, June.
    • Handle: RePEc:ine:journl:v:2:y:2013:i:44:p:92-113
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    Cited by:

    1. Florin Marius PAVELESCU, 2016. "Economic Cycles and Disembodied Technical Change of Romania’s Economy During the Period 1863-1913," Romanian Journal of Economics, Institute of National Economy, vol. 43(2(52)), pages 133-155, december.

    More about this item

    Keywords

    decennial economic cycle; economic transition; bi-decennial economic cycle; institutional framework; functional market economy;
    All these keywords.

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • 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
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts

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