The current paper focuses on the identification of the factors that influenced the evolution of the real sector in Romania between 1990 and 2007, having as a theoretical background the IS-LM model for a small economy, Romania’s case. In this way, we have tested the correlations among: the...

As it is shown in the specialty literature, there is a series of empirical studies which aim at capturing the effects of public expenditure on the economic growth. To the empirical level, one may notice a reverse correlation between the economic growth and public expenditure, which is clearly...

The main objective of this paper is to investigate the relationship between economic growth and credit market development for Romania taking into account the effect of inflation rate, bank lending and exchange rate over economic growth, using quarterly data for the period 2001-2009. The...