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by Institute for Economic
Forecasting & Centre for Macroeconomic
Modelling
Published in Romanian Journal of Economic Forecasting,
2010, volume 13 issue 4, 208-212
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The macromodel estimates the short and medium-term economic implications for
internal policies and changes in the international context. This 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. In this article we present
only the economic preliminate for 2010 of the variable of interest. For a description of
the mode see Romanian Journal of Economic Forecasting, 8(1): 115-125.
Keywords:
model, input-output analysis, econometric relationships, simulations