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Macromodel Estimation for the Romanian "Pre-Accession Economic Programme"

Author

Listed:
  • Dobrescu, Emilian

    (National Institute of Economic Research, Bucharest)

Abstract

The new (2002) version of the "Pre-Accession Economic Program" has to take into account both the experience accumulated in the implementation of its previous (2001) form, and the changes occurred during 2001-2002 in the domestic and international environment, which have affected the Romanian economy. Obviously, there are numerous questions that should be analyzed from this perspective. The paper is covering three groups of issues. The first chapter attempts to define some reference points, which have to be considered during the updating of the Romanian "Pre-Accession Economic Program". The contents and the main functional characteristics of the macromodel used in the simulations for this purpose are examined in the second chapter. The third chapter discusses the computational hypothesis and presents the numerical estimations for two scenarios, considered by the author as the most relevant for the period 2002-2005. (* Study prepared at the request of the Ministry of Development and Forecasting and the National Bank of Romania in order to update the "Pre-Accession Economic Programme")

Suggested Citation

  • Dobrescu, Emilian, 2002. "Macromodel Estimation for the Romanian "Pre-Accession Economic Programme"," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(5), pages 5-38, December.
    • Handle: RePEc:rjr:romjef:v::y:2002:i:5:p:5-38
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    References listed on IDEAS

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    Cited by:

    1. Ghizdeanu, Ion & Tudorescu, Veronica, 2007. "Unit Labor Cost In Romania," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 4(1), pages 57-64, March.
    2. Dobrescu, Emilian, 2006. "Macromodel of the Romanian market economy (version 2005)," MPRA Paper 35749, University Library of Munich, Germany.
    3. Dobrescu, Emilian, 2004. "Economia Romaniei in perioada 2003-2010: Estimari de macromodel [Romanian economy during 2003-2010: Macromodel estimations]," MPRA Paper 35768, University Library of Munich, Germany.
    4. Dobrescu, Emilian, 2006. "Integration of macroeconomic behavioural relationships and the input-output block: Romanian modelling experience," MPRA Paper 35748, University Library of Munich, Germany.

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    More about this item

    Keywords

    economic models; macroeconomics; forecasting; economic growth;
    All these keywords.

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications

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