Theoretical and Applied Economics
No. 3 / 2020 (624), Autumn
Analysis of the quarterly evolution of the Gross Domestic Product
Bucharest University of Economic Studies, Romania
Mădălina-Gabriela ANGHEL
“Artifex” University of Bucharest, Romania
Ștefan Virgil IACOB
“Artifex” University of Bucharest, Romania
Tudor SAMSON
Bucharest University of Economic Studies, Romania
Abstract. Gross Domestic Product is the most complex indicator of the results of a country's economy. The Gross Domestic Product expresses the concrete results obtained in the national economy and depending on its evolution, there are also possibilities for increasing consumption, domestic investment and last but not least the possibility of diversification of the national economy.
The analysis of the evolution of the Gross Domestic Product was performed starting from the resources and uses that this indicator had in achieving these results. At the same time, the analysis is performed based on the raw data series, but also on the seasonally adjusted data series. In order to highlight the evolution of the Gross Domestic Product, analyzes were performed for periods of time starting with the year 2000, in order to capture the effects of the economicfinancial crisis, but then also for shorter periods of time, 2017-2019 or 2018-2020. All this was done in order to highlight the evolution over time, but also to shed light on the danger that exists in terms of the negative effect of the health crisis, coronavirus, which will certainly have negative effects.
Probably if in the second quarter of 2020 we have a decrease in Gross Domestic Product of 12.3%, compared to the first quarter of 2020, it is not excluded that during the third and fourth semesters of 2020 we will also record non-compliant, inconclusive results, which may result in a double-digit reduction in Gross Domestic Product at the end of the year compared to the previous year 2019.
The analysis aimed precisely at highlighting these trends and the way in which the structural analysis on different groups of factors (resources, uses and other macroeconomic indicators, inflation, unemployment, foreign direct investment, domestic investment, etc.), have on the national economy. All should have a beginning to restructure strategies to halt the macroeconomic decline and bring it into a position of stabilization and then resumption of growth.
Contents
Social protection systems and economic growth
Analysis of the impact generated by COVID-19 in banking institutions and possible economic effects
Covid crisis: Fiscal, monetary and macro-financial policy responses
Simulation of financial contagion effect using the NetLogo software at the level of the banking network
Impact of education and government effectiveness on the shadow economy
Financial development and income inequality: An empirical analysis on the emerging market economies
Aspects and evolutions specific to monetary policy in Romania. A complex topical analysis
Foreign trade policy and economic growth: Indian evidence
The effect of external debt on long run economic growth in developing economies: Evidence from heterogeneous panel data models with cross sectional dependency
Structural modeling of fiscal structure for policy analysis: A case study of India
Macroeconomic variables and market expectations: Indian Stock Market
Relationship analysis of stocks prices and exchange rates of three leading Asian economies
Bitcoins as a determinant of stock market movements: A comparison of Indian and Chinese Stock Markets
The causal relationship between Indian energy consumption and the GDP: A shift from conservation to feedback hypothesis post economic liberalisation
The dependence and dynamic correlation between Islamic and conventional insurances and stock market: A multivariate short memory approach
Does exchange rate has any impact on economic growth in India? An empirical analysis
Corruption, technological innovation and environmental quality in South Asian countries: An empirical insight
Analysis of the quarterly evolution of the Gross Domestic Product
The main theoretical aspects regarding the capital adequacy models
Considerations regarding the effects of COVID-19 on the tourism market