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The External Payments' Balance And The Romanian Economic Growth Between 1996 And 2006

Author

Listed:
  • Turturean Ciprian-Ionel

    ("Alexandru Ioan Cuza" University of IA I, Faculty of Economics and Business Administration)

  • Jemna Danut-Vasile

    ("Alexandru Ioan Cuza" University of IA I, Faculty of Economics and Business Administration)

Abstract

The economic development involves, for a short time, a deficit of the external payments' balance (EPB). Studying the evolution of the BEP sold provides useful information regarding the economic development degree rate. An invariable deficit which has acceptable limits and correlated with an investment policy in production sectors could cause a long economic growth. Studying the relation between the growth rate of GDP and the growth deficit of EPB for the 1996-2006 periods confirms this hypothesis.

Suggested Citation

  • Turturean Ciprian-Ionel & Jemna Danut-Vasile, 2008. "The External Payments' Balance And The Romanian Economic Growth Between 1996 And 2006," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 2(1), pages 936-941, May.
    • Handle: RePEc:ora:journl:v:2:y:2008:i:1:p:936-941
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    File URL: http://steconomice.uoradea.ro/anale/volume/2008/v2-economy-and-business-administration/171.pdf
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    References listed on IDEAS

    as
    1. Jarque, Carlos M. & Bera, Anil K., 1980. "Efficient tests for normality, homoscedasticity and serial independence of regression residuals," Economics Letters, Elsevier, vol. 6(3), pages 255-259.
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    Cited by:

    1. Constantin ANGHELACHE & Alexandru MANOLE, 2016. "The use of Regression Model In analysing the correlation between the monetary situation and the balance of payments," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 64(7), pages 30-35, July.

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    More about this item

    Keywords

    external payments' balance (EPB); economic growth; transition; econometric model;
    All these keywords.

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • D92 - Microeconomics - - Micro-Based Behavioral Economics - - - Intertemporal Firm Choice, Investment, Capacity, and Financing

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