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Economic and social evolution of Romania during the recent period –multidimensional analysis

Author

Listed:
  • Constantin ANGHELACHE

    (Academia de Studii Economice)

  • Alexandru MANOLE

    (“Universitatea Artifex", Bucuresti)

  • Aurelian DIACONU

    (“Universitatea Artifex", Bucuresti)

Abstract

This paper describes the main evolutions of the Romanian economy during the recent period. The authors provide key analyses on the dynamics recorded by the main macroeconomic indicators, and also for sector – level evolutions over the periods considered. Also, the authors propose a multidimensional database structure, capable to retain the approach indicators and their measures, which would enable the users to perform significant analyses on the values. All the measures of the indicators are presented as deflated value, operation made on the basis of proper price indices. The main indicator approached in our analysis is the GDP, calculated via the additive model that sums the measures of the components, in current prices and constant prices. For each deflation, the most significant price indices were used. The gross domestic product at current prices is calculated as the sum of its components’ values in current prices. Similarly, the GDP at constant prices is calculated based on the same relation, with the observation that the value of each component is estimated at constant prices by using appropriate price indices. The price index of GDP is calculated as a ratio between its value at current prices and its value at constant prices and includes the effects of all the changes in prices taking place in the economy. The analyses are based on data series published by the National Institute of Statistics. As methodology, we have used statistical and econometrical models, and the interpretation of results was made according to the correlations which exist between various indicators from the selected system. From that specific analysis, it is easy to extend the study and to forecast the future evolutions of phenomena studied.

Suggested Citation

  • Constantin ANGHELACHE & Alexandru MANOLE & Aurelian DIACONU, 2016. "Economic and social evolution of Romania during the recent period –multidimensional analysis," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 64(8), pages 19-25, August.
    • Handle: RePEc:rsr:supplm:v:64:y:2016:i:8:p:19-25
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    References listed on IDEAS

    as
    1. Ana Maria Mihaela Iordache & Ionela Catalina Tudorache & Mihai Tiberiu Iordache, 2011. "An Econometrical Model For Calculating The Romanian Gross Domestic Product," Romanian Economic Business Review, Romanian-American University, vol. 5(2.1), pages 492-499, December.
    2. Adina Michaela Dinu, 2015. "Informatic Models Used In Economic Analysis Of Correlation Between Gdp And Fdi," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 11(2), pages 7-16, June.
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    Citations

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    Cited by:

    1. Constantin ANGHELACHE & Alexandru MANOLE & Mădălina Gabriela ANGHEL, 2016. "The major economic evolution of Romania by the middle of 2016," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(4(609), W), pages 165-182, Winter.
    2. Constantin ANGHELACHE & Alexandru MANOLE & Mădălina Gabriela ANGHEL, 2016. "The major economic evolution of Romania by the middle of 2016," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(4(609), W), pages 165-182, Winter.

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