The "Dobrescu Macromodel" of the Romanian Market Economy - 2005 Version Yearly Forecast Preliminate for 2011, November Estimates
The macromodel estimates the short and medium-term economic implications for internal policies and changes in the international context. This version of the Romanian macromodel incorporates the experience accumulated through the utilization 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 information improvements. The most significant is the structural decomposition of the economy, associated with input-output techniques. Due to the relatively advanced stage of the transitional processes in Romania, the behavioral functions were accommodated - as much as possible - to the standard relationships. Unlike the versions that used the statistical series beginning in 1980, the present one is based exclusively on information concerning the period 1989-2004. Therefore, we have considered more adequately naming this variant the macromodel of the Romanian market (not transition, as before) economy. In this article we present the Preliminate forecast for 2011
Year of publication: |
2011
|
---|---|
Authors: | Modelling, Centre for Macroeconomic |
Institutions: | Institute for Economic Forecasting |
Published in: |
Journal for Economic Forecasting. - Institutul de Prognoza Economica. - 2011, December, p. 197-199
|
Publisher: |
Institutul de Prognoza Economica |
Subject: | model | input-output analysis | econometric relationships | simulations |
Saved in:
freely available
Type of publication: | Article |
---|---|
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/10010533969