Theoretical and Applied Economics
No. 7 / 2007 (512)
The Estimation of the Cointegration Relationship between the Economic Growth, Investments and Exports. The Romanian Case
Marius-Corneliu Marinas
Academia de Studii Economice, Bucuresti
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.
Keywords: exports; economic growth; investments; error correction model; Granger causality.
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Contents
Marin Dinu
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Shrinking Bureaucracy
George Moldoveanu
Octavian Thor Pleter
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The Estimation of the Cointegration Relationship between the Economic Growth, Investments and Exports. The Romanian Case
Marius-Corneliu Marinas
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Methodological Aspects Regarding the Process of Estimating the Reserve for the Un-cleared Damages
Constantin Anghelache
Gabriela Anghelache
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A Transnational Analysis – Two Models: Migration and Employment across Europe. Academic Qualifications and Labor Market Needs
Cristina Iova
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Challenges of the Harmonization Process of the Fiscal Policies at the European Union Level
Larisa Elena Preda
