Theoretical and Applied Economics
No. 1 / 2024 (638), Spring
Analysis of the evolution of the net investments and constructions carried out in Romania at the end of 2023
Bucharest University of Economic Studies, Romania “Artifex” University of Bucharest, Romania
Mădălina-Gabriela ANGHEL
“Artifex” University of Bucharest, Romania
Marius-Cristian RĂDUȚ
Bucharest University of Economic Studies, Romania
Ștefan Gabriel DUMBRAVĂ
Sector 3 City Hall, Bucharest, Romania
Abstract. The investments, for any country, represent the important source of economic growth. Investments are made in all fields of activity, in all branches of the national economy, but also in the development of the housing stock, i.e. in construction. From this point of view, in this article, the authors aim to highlight how the realization of net investments and constructions in Romania evolved at the end of 2023. In this sense, the (provisional) data recorded at the end of last year will be compared, compared with the quarterly evolution in the year 2023, the achievements of 2023 compared to 2022 and even other previous years. From this point of view, recent data were used, published by the National Institute of Statistics through press releases no. 56 and 57 of March 12, 2024. The analysis carried out starts from the concrete data recorded, with two directions. On the one hand, the evolution of activity in these two sectors of activity, that of total investments in the national economy and that of investments in housing construction. In the analysis carried out, it was aimed that the data be successively compared by quarter, in order to determine the trend of these total investments in the national economy. It is very important to emphasize that investments play an important role in ensuring macro-stability and registering an upward course. The establishment of investments made in several fields of activity, such as in new constructions, machinery including means of transport, other expenses that were made within the national economy, was considered. Regarding the results recorded by Romania in the field of housing construction, we performed an analysis based on comparative data, between the year 2023 and the year 2022, between the 4th quarter of 2023 and the 4th quarter of 2022, as well as the trend of the evolution of these investments in new housing constructions. In carrying out the study, we used a series of statistical-econometric methods, among which we mention the structure indicators, the data being suggestively presented through tables and graphic representations. This article is meant to highlight that progress has been made in the area of net investment compared to 2022 and previous years. It should be noted that these past three years, 2021 - 2023, were years in which overlapping crises had an effect (pandemic crisis, economic-financial crisis, energy and food crisis), all taking place simultaneously, with effects from the most harmful for the evolution of the national economy in all fields of activity, as well as for the maintenance of macrostability. There is an improvement in net investments in all fields of activity, as a result of own sources, community sources, foreign direct investments. In terms of the new housing stock made through investment, it has decreased as the prices of raw materials and labor have increased due to high inflation, as well as the increase in the price of new housing, which is becoming increasingly difficult to afford to those interested in purchasing their own home. This is actually a paradox, in the sense that the need for housing is still high enough, but the possibility of procurement is decreasing more and more. Another aspect we mentioned in this article is that in the field of construction, Romania faces a labor shortage. This is because salaries and some facilities granted until now have decreased and the labor force from abroad, especially from Asian countries, has decreased and will continue to decrease as a result of Romania's status as a Schengen member in the air environment. In this article, we have used graphical, tabular and other statistical representations to clearly highlight the developments that have taken place in these areas of activity.
Keywords: national economy, investments, housing construction, territorial distribution, GDP.
Contents
- The unemployment rate and the future
of the employment market in Romania
The impact of inflation
A study on the Romanian post-pandemic economy
dominated by uncertainty
Maria GHEORGHE
Aureliana ROMAN
- The importance of resource efficiency indicators
in assessing eco-innovation
in the European Union countries
Lejla TERZIĆ
- Day-of-the-week and weekend effects
on stock market returns:
an investigation through review of literature
Gaurav KUMAR
Prof. Bhartendu SINGH
- Redefining wine brand engagement through influencer
marketing and ephemeral content
Anca-Alexandra DUCMAN
- The analysis of the effects of income inequalities
on the at-risk-of-poverty rate in the European Union
Maria Berta BELU
Silvana BOBÂRNAT (CRIVOI)
Maria Denisa VASILESCU
Eva MILITARU
- Financial anxiety and inflation:
a burden for informal workers
Vaswati RUDRAPAL
Puja DAS
- India’s global trade potential.
A panel gravity model approach
Ritu SHEKHAWAT
C.R. BISHNOI
- Drifting away from market efficiency:
the presence of the January effect in the U.S. stock market
Alexandra Maria SERBU
Theodor Gabriel TRIFAN
- Marketing ethics –
another business-oriented scheme?
Raluca Iuliana GEORGESCU
Dumitru Alexandru BODISLAV
- Financial effect of remittances
Dana Luiza GRIGORESCU
- Twitter sentiments and stock indices
returns with reference to nifty energy indices of India
Sakthivel SANTHOSHKUMAR
Murugesan SELVAM
- Brazilian soybeans: quo vadis?
Mario Antonio MARGARIDO
Frederico Araujo TUROLLA
- ESG risk rating disagreement:
implications on portfolio performance
Diana-Mihaela SANDU
- The economic efficiency
of waste management policies
Rareș-Mihai NIȚU
- Microfinance and poverty reduction:
an empirical evidence from SAARC nations
Samreen FAROOQ
Prof. S.M. Jawed AKHTAR
- Nexus between political federalism,
social diversity and human development in India
Vivek JADHAV
Dr. Shrabani MUKHERJEE
- Shaping the digital labor market
in the European Union
Georgiana-Alina CRISAN
Amalia CRISTESCU
Mădălina Ecaterina POPESCU
- Two decades of research on affiliate marketing:
a systematic literature review
Santroop TANWAR
Prof. Praveen SAHU
- Impact of final consumption, domestic investment,
exports, and imports on economic growth in Albania
Najwa AKERMI
Nadia Ben YEDDER
Sayef BAKARI
- Resurgence of informal economy
in the US amidst of automation
Bishal ROUTH
Joy SARKAR
- Ownership type and technical efficiency of banks
in Côte d’Ivoire: parametric and non-parametric evidence
Séraphin Yao PRAO
Guy-Roland MENZAN
Salimata DIABATÉ
- Evaluation of the event study
in the case of mergers and acquisitions
Dragoș-George BÎLTEANU
Irina STANCU
- Impact of the Covid-19 Pandemic on FDIs in Romania:
a comparative analysis
Mădălina-Elena DRAGOMIR
Marta STOIAN
- Analysis of the evolution of the net investments
and constructions carried out in Romania at the end of 2023
Constantin ANGHELACHE
Mădălina-Gabriela ANGHEL
Marius-Cristian RĂDUȚ
Ștefan Gabriel DUMBRAVĂ