Model Estimates Of Gross Domestic Product In Relation to Export And Import Of Fuels, Focused on the Elasticity and Determination Of Directly and Indirectly Associated Rates
Journal Title: Revista Romana de Statistica - Year 2016, Vol 64, Issue 1
Abstract
The article is based on several interrogative assumptions related to the positive impact of the crises and the recession on determinations in the econometric models of Romania’s GDP as a variable dependent in relation to the export and import of fuels. After a short introductory section, which details, in a relative manner, the overall goal and the objectives of the paper, a first section makes use of elasticity and the modern solutions of building the coefficient of elasticity, proposing an original alternative to existing variants, and afterwards the next section builds on these statistical tools in the econometric modeling of Romania’s GDP, starting from the ratios and value indicators and offering a few original models where the export and import of fuels are the key initial explanatory factors. The final remarks reinterpret the role of the energy resources, as well as that of the related flows, in enhancing statistical connections, and especially the role of crises and recessions in validating econometric models, by raising their degree of predictability.
Authors and Affiliations
Gheorghe Săvoiu, Emilia Gogu, Alexandru Ionescu
Keywords
Related Articles
- EP ID EP95975
- DOI -
- Views 173
- Downloads 0
Metode econometrice utilizate în analiza investiţională
Acest articol descrie un set de metode aplicate în analiza investiţiilor. În prima parte a articolului, sunt trecute în revistă fundamentele teoretice ale metodologiei de analiză studiate. În partea a doua a articolului,...
Some elements about normality of single-equation estimators
In this paper, the authors focus on the asymptotic normality of the LIML estimator, the LIML designed by Fuller and on the trend adjustment of 2-stage least squares (B2SLS). The corresponding hypotheses are presented and...
Evoluţia investiţiilor de capital autohton
Acest articol reflectă cercetările autorilor asupra investiţiilor interne, din surse atrase fin capitalul autohton. Aceste investiţii se coroborează cu intrările de capital extern, iar dezvoltarea investiţiilor autohtone...
Management of Information – Vector of Business Competitivity
The evolution and development of human society leads towards an environment of information and knowledge. Therefore, the performance must be based, at least partly, on the proper management of information. This section o...
Occupation and Unemployment of Romanian Graduates during the current Economic-Financial Crisis
This paper represents a general analysis of the problems regarding occupation and unemployment for graduates of various educational levels in Romania, intending to capitalize on the data base found in the activity report...