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Theoretical and Applied Economics
No. 9 / 2008 (526)

Applying the Dufournaud econometric model to the determination of the prices dynamics impact over the national economy and over its main vulnerable sectors in connection with the Romanian national economy specificity

Vasile Robu
Elena Claudia Serban
Academy of Economic Studies, Bucharest
Marina Badileanu
Industries and Services Economy Center of the Romanian Academy

Abstract. In economics, a model represents an abstract, formal image of a phenomenon, process or economic system. It is built by symbolically reproducing the economic theory and by getting new information regarding the behavior of the objective being investigated. In economic theory there are several integrated econometric models meant to underline the interdependency between the branches of a national economy by the public utilities services, especially those connected to energy. The present article presents the first results of our efforts of building an econometric model adapted to the specificity of the Romanian economy, that would underline the impact of the prices modification for public utilities on the Romanian economy as a hole, on the competitiveness of Romanian companies and on the inflation.

Keywords: econometric model; prices; utilities; economic sectors; competitiveness.

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