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Analysis Of Romanian Economic Stability In Terms Of Evolution Of The Budgetary Deficit And Other Macroeconomic Indicators, In The Period 2005-2012

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  • ABRUDAN LEONARD CALIN

    (UNIVERSITY OF ORADEA, FACULTY OF ECONOMICS)

Abstract

In this paper we shall study the evolution of the Romanian macroeconomic stability in the period 2005-2012. This analytical research is based on secondary data provided by the Romanian National Institute of Statistics, as well as by EUROSTAT, and these data will be introduced in tables, based on which we shall draw up charts to help us make a correct image of the studied phenomena. In the end, we shall use a certain kind of chart – the macro-stabilization pentagon – which will give us the measure of macroeconomic stability at the level of our country, during the considered period. The results of this endeavour will serve to all those who want to know to what extent Romania has had a stable economy in a period marked by the economic crisis wherefrom it hasn't fully detached yet. However, in the part designated to conclusions, we shall observe that the year 2012 has positive characteristics, from the economic point of view, the surface of the macro-stabilization pentagon afferent to this year benefiting from a significantly more emphasized regularity than the other studied years. We will use during the paper the following economic indicators: budgetary deficit, current account deficit, inflation rate, unemployment rate and gross domestic product growth rate. With the values of all these indicators we will compile some tables and, subsequently, charts for every one of them and after that we will use the economic macro stability pentagon, in order to find out if the Romanian economy recovered after the economic crisis. We were suggested to the idea of this approach manner by two books: FinanÈ›e publice (Iulian VÃ"Æ'cÃ"Æ'rel coord., 2003) and ReflecÈ›ii economice - ContribuÈ›ii la teoria macrostabilizÃ"Æ'rii (Mugur IsÃ"Æ'rescu, 2006). In these books we found references to the particular chart – the macro stability pentagon. In the final part of this paper we will try to use this chart to make an image of the overall economic behaviour of our country.

Suggested Citation

  • Abrudan Leonard Calin, 2013. "Analysis Of Romanian Economic Stability In Terms Of Evolution Of The Budgetary Deficit And Other Macroeconomic Indicators, In The Period 2005-2012," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 287-295, December.
    • Handle: RePEc:ora:journl:v:1:y:2013:i:2:p:287-295
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    File URL: http://anale.steconomiceuoradea.ro/volume/2013/n2/027.pdf
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    Cited by:

    1. Aleksandra Ostrowska & Paulina Pukin-Sowul, 2023. "Macroeconomic Stability of Central and Eastern European Countries in the Context of Monetary Integration," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 390-408.

    More about this item

    Keywords

    budgetary deficit; current account deficit; inflation rate; unemployment rate; gross domestic product growth rate; macro economic stability;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy

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