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Analysis and Forecast of the Gross Domestic Product in Romania Using Econometric Methods

Author

Listed:
  • Nec?ulescu Consuela

    (University of Pitesti, Faculty of Economic Sciences)

  • ?erbãnescu Lumini?a

    (University of Pitesti, Faculty of Economic Sciences)

Abstract

In this article I made an analysis of the evolution and forecast of one of the most important indicators of the System of National Accounts, i.e. the Gross Internal Product, and of the correlation between it and the elements underlying its formation. For the analysis of the correlation between the GDP and its influencing factors I used econometric monofactorial and linear and reverse regression models. In the analysis of the factors determining the Gross Domestic Product, I started from the expenditure method and the production method. I also used dynamics methods in order to determine the trend based on which I set the forecast both for the GDP for the items composing it.

Suggested Citation

  • Nec?ulescu Consuela & ?erbãnescu Lumini?a, 2014. "Analysis and Forecast of the Gross Domestic Product in Romania Using Econometric Methods," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 380-385, May.
    • Handle: RePEc:ovi:oviste:v:xiv:y:2014:i:1:p:380-385
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    More about this item

    Keywords

    Gross Domestic Product; regression model; forecast; OLS; trend;
    All these keywords.

    JEL classification:

    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

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