This paper aims to explore the forecasting accuracy of RON/USD exchange rate structural models with monetary fundamentals. I used robust regression approach for constructing robust neural models less sensitive to contamination with outliers and I studied its predictability on 1 to 6-month...

The importance of knowing the country’s national wealth level and structure is determined by the fact that these factors condition the sense and content of the development of a country on short, medium and long term. A study of the World Bank made in 2006 proves that the sustainable...

After the centrally-planned economy ceased to exist, the process of post-socialist transformations has advanced significantly. The countries of the Central and Eastern Europe (CEE), Southern and Eastern Europe (SEE) and the Commonwealth of Independent States (CIS) have been involved since in...

Since December ’89 and until today the Romanians have kept waiting for foreign investors to come with money, and to give an impulse to the Romanian economy. However, according to the data existing at the National Office of Trade Register, in these 14 years Romania did not manage to attract as...

The dynamics of employment in final services depends on a set of economic, social and cultural factors. On the other hand, the increase in the population incomes (and the influence of some national factors) leads to an increase in the demand for services. However, the relatively poor...

This study focuses on the implications of current account deficit upon the external debt increase in Romania, revealing higher risks for the sustainability of its international financial position. Considering the trade deficit as a main cause of current account balance deterioration, several...

In the last years it seemed that the Romanian economy leading up to access to the EU was going to enter a new stage, evolving more and more in line with the standard theory. Based on more accurate statistical data for the last years, we try to verify some hypotheses used in the standard economic...

The present study approaches the dynamic correlation between GDP and the gross fixed capital formation, based on the use of ICOR (incremental capital output ratio) indicator in order to determine the required investment volume for the period 2005-2008, under various efficiency conditions,...

From a theoretical point of view, uncertainty may have an impact on investment by different channels and in different directions. Thus, the sign of its overall effect is unknown and could be found only empirically from the historical data. This paper analyzes the relation between macroeconomic...

The objective of this paper is an analysis of the evolution of foreign direct investment and foreign trade in Romania, and also, of their influences on the Romanian economic growth. The current situation of the foreign direct investment in Romania and of foreign trade is analyzed in the...