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

In order to obtain plausible scenarios of economic development in Romania up to 2010-2015 horizon, the authors use a mix of forecasting models, like „medium-term” ones and „long-run” models. In this respect three alternative models are used, a sustainability function model (for public debt and fiscal deficits), a simple econometric model based on a production function with FDI and exports included as inputs and a standard Cobb-Douglas model.

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Year of publication:	2003
Authors:	Albu, Lucian Liviu ; Roudoi, Andrei
Published in:	Journal for Economic Forecasting. - Institutul de Prognoza Economica. - 2003, 5, p. 64-77
Publisher:	Institutul de Prognoza Economica
Subject:	forecasting \| sustainability function \| production function \| economic growth

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Type of publication:	Article
Classification:	C53 - Forecasting and Other Model Applications ; E23 - Production ; E25 - Aggregate Factor Income Distribution ; O4 - Economic Growth and Aggregate Productivity
Source:	RePEc - Research Papers in Economics

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