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The "Dobrescu Macromodel" of the Romanian Market Economy - 2005 Version - Yearly Forecast – Preliminate for 2010, November estimate

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  • Institute for Economic Forecasting
  • Centre for Macroeconomic Modelling

Abstract

The macromodel estimates the short and medium-term economic implications for internal policies and changes in the international context. This version of the Romanian macromodel incorporates the experience accumulated through the utilisation of its previous forms - either experimental (tested during 1991-1995) or operational (developed during 1996-2003). At the same time, it introduces some methodological and information improvements. The most significant of them is the structural decomposition of the economy, associated with input-output techniques. Due to the relatively advanced stage of the transitional processes in Romania, the behavioural functions were accommodated - as much as possible - to the standard relationships. Unlike the versions that used the statistical series beginning in 1980, the present one is based exclusively on information concerning the period 1989-2004. Therefore, we have considered more adequately to name this variant the macromodel of the Romanian market (not transition, as before) economy. In this article we present only the economic preliminate for 2010 of the variable of interest. For a description of the mode see Romanian Journal of Economic Forecasting, 8(1): 115-125.

Suggested Citation

  • Institute for Economic Forecasting & Centre for Macroeconomic Modelling, 2010. "The "Dobrescu Macromodel" of the Romanian Market Economy - 2005 Version - Yearly Forecast – Preliminate for 2010, November estimate," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(4), pages 208-212, December.
    • Handle: RePEc:rjr:romjef:v::y:2010:i:4:p:208-212
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    File URL: http://www.ipe.ro/rjef/rjef4_10/rjef4_10_14.pdf
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    References listed on IDEAS

    as
    1. Emilian Dobrescu, 2006. "Integration of Macroeconomic Behavioural Relationships and the Input-output Block (Romanian Modelling Experience)," EcoMod2006 272100018, EcoMod.
    2. Dobrescu, Emilian, 2008. "A Desirable Scenario For The Romanian Economy During 2008-2013," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 5(4), pages 15-58, December.
    3. Institute for Economic Forecasting & Centre for Macroeconomic Modelling, 2010. "The "Dobrescu Macromodel" Of The Romanian Market Economy - 2005 Version Yearly Forecast - Spring Forecast 2010," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(1), pages 215-217, March.
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    Cited by:

    1. Mihaela Simionescu (Bratu), 2014. "The Performance of Predictions Based on the Dobrescu Macromodel for the Romanian Economy," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(3), pages 179-195, October.
    2. Institute for Economic Forecasting & Centre for Macroeconomic Modelling, 2011. "The "Dobrescu Macromodel" of the Romanian Market Economy - 2005 Version Yearly Forecast Preliminate for 2011, November Estimates," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(4), pages 197-199, December.

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    More about this item

    Keywords

    model; input-output analysis; econometric relationships; simulations;
    All these keywords.

    JEL classification:

    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • H6 - Public Economics - - National Budget, Deficit, and Debt

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