Theoretical and Applied Economics
No. 6 / 2008 (523)
Evolution Scenarios at the Romanian Economy Level, Using the R.M. Solow Adjusted Model
Stelian Stancu
Academia de Studii Economice, Bucuresti
Abstract. Besides the models of M. Keynes, R.F. Harrod, E. Domar, D. Romer, Ramsey-Cass-Koopmans model etc., the R.M. Solow model is part of the category which characterizes the economic growth. The paper proposes the presentation of the R.M. Solow adjusted model with specific simulation characteristics and economic growth scenario. Considering these aspects, there are presented the values obtained at the economy level, behind the simulations, about the ratio Capital on the output volume, Output volume on employee, equal with the current labour efficiency, as well as the Labour efficiency value.
Keywords: reprezentive consumer; reprezentive firm; macroeconomic model; macroeconomic equilibrium; evolution scenarios; simulation; labour efficiency.
Contents
- Evolution Scenarios at the Romanian Economy Level, Using the R.M. Solow Adjusted Model
Ion Gh. Rosca
Stelian Stancu
- Application of the Model of Principal Components Analysis on Romanian Insurance Market
Dan Armeanu
Leonard Lache
- Aspects Concerning the Optimization of Authentication Process for Distributed Applications
Ion Ivan
Mihai Doinea
Dragos Palaghita
- Planning the Marketing Activity in the Health Care Services
Violeta Radulescu
Iuliana Cetina
Gheorghe Orzan
- The Influence of the Active Rate of Interest over the Financing Decision of the Enterprise
Irena Munteanu
Anca Bran