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Possible Evolutions Of The Romanian Economy (Macromodel Estimations)

Author

Listed:
  • Dobrescu, Emilian

    (National Institute of Economic Research, Romanian Academy, Bucharest)

Abstract

This article presents alternative scenarios of macroeconomic dynamics for Romania. The author starts by presenting the structure of the model used for simulations. Two scenarios are developed for the 2003-2010 period. The first one, the desirable scenario, embodies performances envisaged in the 2001-2003 versions of the „Pre-Accession Economic Programme”. The second one, a more moderate one, involves a more relaxed income policy and slower dynamics of the external competitiveness of the Romanian economy.

Suggested Citation

  • Dobrescu, Emilian, 2003. "Possible Evolutions Of The Romanian Economy (Macromodel Estimations)," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(5), pages 32-63, December.
  • Handle: RePEc:rjr:romjef:v::y:2003:i:5:p:32-63
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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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