The "Dobrescu Macromodel" of the Romanian Market Economy* -2005 Version-Yearly Forecast
Ghizdeanu, Ion, Scutaru, Cornelia, Fomin, Petre and Corina Saman 129-131
Published in Romanian Journal of Economic Forecasting, 2008, volume 9 issue 2,
In this article we present only the economic forecast of the variable of
interest. For a description of the model, see RJEF, No. 1/2007 of .
The macromodel estimates the short and medium-term economic implications for internal policies and changes in the
This new version of the Romanian macromodel incorporates the experience accumulated through the utilisation of
its previous forms - either experimental (tested during 1991-1995) or operational
(developed during 1996-2003). At the same time, it introduces some methodological
and information improvements. The most significant of them is the structural decomposition of the economy,
associated with input-output techniques.
Due to the relatively advanced stage of the transitional processes in Romania, the behavioural functions were
accommodated - as much as possible - to the standard relationships. Unlike the versions that used the statistical series
beginning in 1980, the present one is based exclusively on information concerning the period 1989-2004.
Therefore, we have considered more adequately to name this variant the macromodel of the Romanian market (not
transition, as before) economy.
model, input-output analysis, econometric relationships, simulations.
C5, E2, E6, H6