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This paper estimates the potential output in Romania using seven structural VAR models. During the period of economic boom the potential GDP growth in Romania was around 6.5 %. The severe economic crisis that started in the last quarter of 2008 generated a significant reduction of the potential...
Persistent link: https://www.econbiz.de/10010632126
In this paper, we determine the potential economic growth in Romania using three statistical univariate filters. The techniques used are Hodrick-Prescott (HP), Christiano-Fitzgerald (CF) and Baxter-King (BK) filters. According to our calculations, HP outperforms the other two filters for the...
Persistent link: https://www.econbiz.de/10010632733
This article aims to analyze the sustainable development of tourism in Romania, given its cyclical movements generated … reserve capacity of the economy is tourism? How close is an economy to function at its potential productive? In our case the … output gap is the difference between the real level of domestic production and the estimated tourism potential. Identify the …
Persistent link: https://www.econbiz.de/10010940661
field of tourism. Due to the immateriality of tourist products, the promotion hereof is rather difficult to achieve …
Persistent link: https://www.econbiz.de/10010940669
Increasing the quality of tourism services must be established as a priority for owners and resorts under management … increased competition Powerful tourism market of our country. Competition has become increasingly close in recent years, so …
Persistent link: https://www.econbiz.de/10010925853
legislation and cooperation with other economic sectors, including tourism. From this perspective, modern management requires a … holistic vision, leading to an integrated tourism development, ensuring sustainable development activities taking place in the … the communitarian politics in valorisation through tourism of the Romanian protected areas and the projection of an …
Persistent link: https://www.econbiz.de/10010926015
In order to attract in the future a significant number of tourists, entrepreneurs from Harghita tourism should adopt … strategies to develop tourism products which they should sell as they can meet the requirements of tourism market currently … manifested. Marketing strategies used should be aimed at creating viable tourism products to harness the best natural and spa …
Persistent link: https://www.econbiz.de/10010838978
been entirely affected by the crisis, but especially the field of tourism had a significant decline in 2008 and 2009. The … following period offered a surprise regarding the return of tourism to the values recorded before the onset of the crisis. SC …
Persistent link: https://www.econbiz.de/10010675556
Maramureº County is regarded as having the greatest potential for tourism, according to the study "Data about the … cultural and tourism potential of localities in Romania", conducted by the Center for Research and Consultancy in the Field of … Culture in Bucharest. So, approaching this theme is logical. This paper presents the main tourism attractions of the county …
Persistent link: https://www.econbiz.de/10010675657
The paper wants to highlight the importance of promoting the tourism area “Iron Gates”. Analyzing the current situation … of the tourism in the area we can say that the tourist area Iron Gates is a tourist area with a quite valuable potential. …
Persistent link: https://www.econbiz.de/10010675744