In this paper, the author uses classical and modern econometric methods for the modeling of the economic growth rate dynamics in Romania, during the period 1990-2004. The output of this analysis is an econometric model that describes the dynamics of the economic growth process in Romania during...

A Country's transition from centralised economy to market economy is characterized by the change in the dynamics of the GDP value and structure. The most frequent questions that emerge when such transitions are desired are: How long does transition last? How must it be made? What risks does...

A State's GDP represents the aggregated image of economic outcomes. Both the GDP dimension and its structure constitute important information with respect to the degree of economic development of a State. A State's GDP is a system characterised by increased inertia. For this reason, transition...