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Investment And Economic Growth On Medium And Long Term

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  • ALBU, Lucian Liviu

    (Institute for Economic Forecasting, Romanian Academy)

Abstract

In line with the economic growth theory and how economic history demonstrated, investment is one of the main factors of a sustainable long term growth. Today when globalisation phenomenon is extending and the risk to return to a crisis period is still a persistent perspective, to stimulate the investment (from domestic and foreign sources) is one of the major problems of ensuring a long term growth. Following some our previous studies regarding the correlation between investment and economic growth in European Union, based on macroeconomic available published data and on recent forecasts of specialised institutions from international organisations (IMF, EU, WB), we try to design few alternative scenarios for the future dynamics in Romania and its place in EU.

Suggested Citation

  • ALBU, Lucian Liviu, 2015. "Investment And Economic Growth On Medium And Long Term," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 2(1), pages 2-14.
    • Handle: RePEc:vls:rojfme:v:2:y:2015:i:1:p:2-14
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    References listed on IDEAS

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    More about this item

    Keywords

    European Union; convergence; GDP; economic growth; regional convergence;
    All these keywords.

    JEL classification:

    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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