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Theoretical and Applied Economics
No. 2 / 2015 (603), Summer

Empirical evidence on the Ricardian equivalence in Romania

Daniel BELINGHER
The Institute of Economic Forecasting, Romanian Academy, Bucharest
Nicolae MOROIANU
Bucharest University of Economic Studies, Romania

Abstract. The Ricardian equivalence has become one of the main research concern for many contemporary economists, in the actual context – by stepping into the second phase of a structural economic crisis. This paper is showing through an econometric model what happened in Romania between 2004 and 2012 with the households’ consumption, by following the Ricardian equivalence hypothesis.

Keywords: Ricardian equivalence, consumption, government expenditure.

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The Economicity. The Epistemic Landscape, Marin Dinu, 2016

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