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Examples of New Macroeconomic Modelling and Simulation Techniques: How They Could Improve Decisions and Public Perception

Albu, Lucian Liviu; Gorun, Adrian - In: Journal for Economic Forecasting (2010) 5, pp. 7-16

Macroeconomic forecasting started around the Second World War as a way to test economic theories, but it also has a …. During the last decades, the economic forecasting and macroeconomic modelling have taken on an increasingly important role in … presenting synthetically the last trends in forecasting and macroeconomic modelling. The next part is devoted to show how new …

Persistent link: https://www.econbiz.de/10009321269

SCENARIOS OF ECONOMIC DEVELOPMENT IN ROMANIA – MEDIUM TO LONG-TERM FORECASTING MODELS

Albu, Lucian Liviu; Roudoi, Andrei - In: Journal for Economic Forecasting (2003) 5, pp. 64-77

mix of forecasting models, like „medium-term” ones and „long-run” models. In this respect three alternative models are …

Persistent link: https://www.econbiz.de/10005827575

FACTORS AND MECHANISMS OF ECONOMIC GROWTH IN TRANSITION ECONOMIES OF DIFFERENT TYPES (CASE OF ROMANIA)

Albu, Lucian Liviu; Roudoi, Andrei - In: Journal for Economic Forecasting (2003) 4, pp. 50-64

The paper analyzes the dynamics and structure of GDP in Romania during the transition period. Two simulation scenarios are proposed on the basis of a standard production function. The first simulation uses an augmented production function with FDI and exports, while the second simulation uses a...

Persistent link: https://www.econbiz.de/10005612253

MULTI - ANNUAL SCENARIOS USING A SMALL – SIZED RMSM TYPE OF MODEL IN ORDER TO FORECAST THE MAIN MACROECONOMIC INDICATORS IN ROMANIA

Nicolae, Mariana; Albu, Lucian Liviu; Andrei, Dalina; … - In: Journal for Economic Forecasting (2003) 5, pp. 25-31

Using a small-size RMSM model, the authors simulate development alternatives in the medium run, revealing their implications upon the Romanian economy. The reference scenario is characterized by a moderate economic growth, based on the increase in the investements. Both imports exports are...

Persistent link: https://www.econbiz.de/10005272632