Theoretical and Applied Economics
No. 7 / 2007 (512)
The Estimation of the Cointegration Relationship between the Economic Growth, Investments and Exports. The Romanian Case
Academia de Studii Economice, Bucuresti
Abstract. This paper attempts to analyze the relationship between exports, investments and economic growth in Romania. For the search of this relationship I use a multivariate autoregressive VAR model. The results of cointegration analysis showed that there is one cointegrated vector among exports, investments and economic growth. Granger causality tests based on error correction models (ECM) have indicated that investment and export influences the steady-state level of GDP.
Contents
Mihail Manoilescu – Inspirational Even when He Is Not Right
Shrinking Bureaucracy
The Estimation of the Cointegration Relationship between the Economic Growth, Investments and Exports. The Romanian Case
Methodological Aspects Regarding the Process of Estimating the Reserve for the Un-cleared Damages
A Transnational Analysis – Two Models: Migration and Employment across Europe. Academic Qualifications and Labor Market Needs
Challenges of the Harmonization Process of the Fiscal Policies at the European Union Level
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