Albu, Lucian-Liviu (2003): Estimating contribution of factors to long-term growth in Romania. Published in: Revue Roumaine des Sciences Economiques , Vol. 48, No. 2 : pp. 197-206.
Download (516kB) | Preview
The paper analyses the dynamics and structure of GDP in Romania during the transition period. Starting from the classical Cobb-Douglas production model, the paper investigates different scenarios for the Romanian economy on the basis of different assumptions regarding the model’s parameters. The adapted model also tries to cover the implications of some peculiarities of the Romanian transition economy, such as a large agricultural sector.
|Item Type:||MPRA Paper|
|Original Title:||Estimating contribution of factors to long-term growth in Romania|
|Keywords:||Cobb-Douglas production function; total factor productivity; long-term economic growth; macroeconomic forecasting|
|Subjects:||O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O41 - One, Two, and Multisector Growth Models
C - Mathematical and Quantitative Methods > C5 - Econometric Modeling > C53 - Forecasting and Prediction Methods ; Simulation Methods
C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C63 - Computational Techniques ; Simulation Modeling
E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E23 - Production
|Depositing User:||Lucian Liviu Albu|
|Date Deposited:||20. Apr 2009 01:20|
|Last Modified:||22. May 2015 14:43|
Albu, L.-L. and Roudoi, A. (2003), Scenarios of economic development in Romania - medium to ong-term forecasting models. International Workshop on “Mechanisms of long-term growth in the economies in transition (Cases of Russia and Romania)”, Think Tank Partnership Project, Bucharest, October 27-28.
Balasubramanyam, V. N., Salisu, M. and Sapsford, D. (1996), Foreign Direct Investment and Growth in EP and IS Countries. The Economic Journal. Vol. 106, No. 434, January, 92-105.
Barro, R. J. (1991): Economic Growth in a Cross Section of Countries. Journal of Economics. Vol. CVI, May, Issue 2, 407-443.
Dobrescu, E. (2000), Macro-models of the Romanian Transition Economy, third edition, Expert Publishing House.
Fischer, S. (1993): The Role of Macroeconomic Factors in Growth. Journal of Monetary Economics, Vol. 32, 485-512.
Maniu, M., Kallai, E., and Popa, D. (2001), Explaining Growth - Country Report: Romania (1990-2000), Global Research Project, Second Draft, December 13-14, Rio de Janeiro.
Mates, N., Westphal, A., Gueorguiev, N., Carnot, N., Harjes, T. and Lall, S. (2002), Romania – Selected Issues and Statistical Appendix, IMF Country Report No. 03/12.
Rangelova, R. (2002), Economic assessment and catching-up the EU standards: the case of CEECs, The 7th EACES Conference "Globalisation and Economic Governance", 6-8 June, Forli (Bologna, Italy).
Solow, R. M. (2000), Toward a Macroeconomics of the Medium Run. Journal of Economic Perspectives. Vol. 14, No. 1, Winter, 151-158.
Tarhoaca, C. and Croitoru, L. (2003), The Romanian growth potential – a CGE analysis. Paper prepared for the Regional Partnership Project Conference, St. Petersburg, Russia, June 7-9.
*** The economic impact of enlargement, Directorate General for Economic and Financial Affairs, European Communities, 2001.