THE CREDIT POLICY AND ITS IMPACT ON THE ROMANIAN ECONOMY

In this paper we discuss the credit policy and how it affected the macroeconomic dynamics in Romania. We estimate a regression on quarterly data in which economic growth is the dependant variable and foreign direct investments and domestic credit are the explanatory variable. We found significant and strong positive coefficients for the effects of credits and foreign direct investments on economic growth. We also found some degree of inertia in GDP.

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Year of publication:	2012-01
Authors:	PELINESCU, ELENA ; CARAIANI, PETRE
Published in:	New Trends in Modelling and Economic Forecast (MEF 2011). - Facultatea de Ştiinţe Economice. - Vol. 1.2012, 1, p. 54-68
Publisher:	Facultatea de Ştiinţe Economice ROMANIAN ACADEMY – INSTITUTE FOR ECONOMIC FORECASTING
Subject:	credit policy \| business cycles \| linear regression \| FDI \| inertia

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Extent:	application/pdf
Type of publication:	Article
Notes:	Published in Modelling and Economic Forecast, January 2012, pages 54-68
Classification:	E32 - Business Fluctuations; Cycles
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010791367