This paper presents some government policies scenarios and proposes the appropriate policies for stimulating the economic growth in Romania. The GDP dynamics, budgetary revenues, employment and wages are forecasted using a macroeconomic model of the Romanian economy. The direct effects of the...

In macroeconomic modelling a central role is played by the forecast of state budget revenues and expenditures, since the financial-budgetary resources are the bases of income redistribution in the society and orientate economic growth. In view to achieve a trade-off between sustainable...

The study comprises previsional estimates for the Romanian economy in 2001 using the "Dobrescu" macromodel of the Romanian transition economy. The main economic indicators are monthly estimated for 2001 simulating a Rational Scenario and a Quasi-Lax Scenario. The indicators are: gross domestic...

The study is based on the 2000 version of the Romanian economy macromodel, amended only by updating the inflation econometric function. The paper presents the estimations for 2001, and, having in view the "Pre-Accession Economic Programme" the author presents two scenarios (a desirable,...

Interdependencies – in time and in space – between (the most) different phenomena and processes, as well as entities (at global – national – local/regional – firm level) – characterize all the domains and levels of the society and humankind. The main idea and the general purpose of...

Macroeconomic forecasts are often based on the interaction between econometric models and experts. A forecast that is based only on an econometric model is replicable and may be unbiased, whereas a forecast that is not based only on an econometric model, but also incorporates expert intuition,...

As asserted in standard literature, there is an implicit circular relationship between the productivity growth and the potential level of production (and, consequently, the estimation of the natural rate of unemployment is also altered). In order to avoid such emerging impediment in any...

Macroeconomic forecasting started around the Second World War as a way to test economic theories, but it also has a number of very concrete uses, playing an increasing role as an input in decision-making. The first macroeconomic models were produced by two famous economists, Tinbergen in 1939...

The paper’s main purpose is to assess the short-, medium- and long-term sustainability of fiscal policy in the great majority of the EU and non-EU member states in the Mediterranean Region. By using mainstream (primary fiscal gap) theory (proposed by Buiter (1983) and Blanchard (1990)), the...

The study represents an attempt to build a generalized sustainability function. After that, a model was developed in order to integrate the sustainability function within the general economic growth context. The author conceived two partial models (their parameters are being estimated on the...