The "Dobrescu Macromodel" of the Romanian Market Economy - 2005 Version Yearly Forecast Summer Forecast 2009
The macromodel estimates the short and medium-term economic implications for domestic 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 informational improvements. The most significant is the structural decomposition of the economy, associated with input-output techniques. Due to the relatively advanced stage of the transition 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 with 1980, the present one is based exclusively on information concerning the period 1989-2004. Therefore, we consider it is appropriate to name this variant the macromodel of the Romanian market (not transition, as before) economy. In this article we present three scenarios for 2009.
Year of publication: |
2009
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Institutions: | Institute for Economic Forecasting |
Published in: |
Journal for Economic Forecasting. - Institutul de Prognoza Economica. - Vol. 6.2009, 2, p. 200-203
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Publisher: |
Institutul de Prognoza Economica |
Subject: | model | input-output analysis | econometric relationships | simulations |
Saved in:
freely available
Type of publication: | Article |
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Language: | English |
Classification: | C5 - Econometric Modeling ; E2 - Consumption, Saving, Production, Employment, and Investment ; E6 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook ; H6 - National Budget, Deficit, and Debt |
Source: |
Persistent link: https://www.econbiz.de/10005014900
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