The new economic governance in the EU Member States. Macroeconomic results and statistical correlations for Romania
In the current economic context of economic and financial crisis, many European countries are facing with fundamental issues and trends that are unsustainable on the long term. In these circumstances, we have developed the present study which analyzes the EU strategies for establishing a new economi...
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| Format: | Article |
| Language: | English |
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Universitatea din Craiova
2016-12-01
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| Series: | Annals of the University of Craiova: Economic Sciences Series |
| Subjects: | |
| Online Access: | http://feaa.ucv.ro/annals/v1_2016/0044v1-030.pdf |
| _version_ | 1818230219381669888 |
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| author | Mirela Cristea Ionuț Drăgulin |
| author_facet | Mirela Cristea Ionuț Drăgulin |
| author_sort | Mirela Cristea |
| collection | DOAJ |
| description | In the current economic context of economic and financial crisis, many European countries are facing with fundamental issues and trends that are unsustainable on the long term. In these circumstances, we have developed the present study which analyzes the EU strategies for establishing a new economic governance for all Member States. We present the perspective of Romania’s macroeconomic stability in the European context, in its process for accession to the EMU, through the nominal and real convergence criteria. On this background, we make a statistical study on the direction of causality relation between GDP and the main factors of the influence at the macroeconomic level. Reviving growth, as predicted by Romanian institutions, would produce major benefits to act extensively through coherent policies to balance the money market, the labor market and the fiscal framework |
| first_indexed | 2024-12-12T10:31:01Z |
| format | Article |
| id | doaj.art-5caa0ef9337a466d94c58ad7e5abfd5d |
| institution | Directory Open Access Journal |
| issn | 1843-3723 1223-365X |
| language | English |
| last_indexed | 2024-12-12T10:31:01Z |
| publishDate | 2016-12-01 |
| publisher | Universitatea din Craiova |
| record_format | Article |
| series | Annals of the University of Craiova: Economic Sciences Series |
| spelling | doaj.art-5caa0ef9337a466d94c58ad7e5abfd5d2022-12-22T00:27:22ZengUniversitatea din CraiovaAnnals of the University of Craiova: Economic Sciences Series1843-37231223-365X2016-12-01144310321The new economic governance in the EU Member States. Macroeconomic results and statistical correlations for RomaniaMirela Cristea0Ionuț Drăgulin1University of Craiova Faculty of Economics and Business AdministrationUniversity of Craiova Faculty of Economics and Business AdministrationIn the current economic context of economic and financial crisis, many European countries are facing with fundamental issues and trends that are unsustainable on the long term. In these circumstances, we have developed the present study which analyzes the EU strategies for establishing a new economic governance for all Member States. We present the perspective of Romania’s macroeconomic stability in the European context, in its process for accession to the EMU, through the nominal and real convergence criteria. On this background, we make a statistical study on the direction of causality relation between GDP and the main factors of the influence at the macroeconomic level. Reviving growth, as predicted by Romanian institutions, would produce major benefits to act extensively through coherent policies to balance the money market, the labor market and the fiscal frameworkhttp://feaa.ucv.ro/annals/v1_2016/0044v1-030.pdfnew economic governanceEMUnominal and real convergence criteriaeconomic growthstatistical correlations |
| spellingShingle | Mirela Cristea Ionuț Drăgulin The new economic governance in the EU Member States. Macroeconomic results and statistical correlations for Romania Annals of the University of Craiova: Economic Sciences Series new economic governance EMU nominal and real convergence criteria economic growth statistical correlations |
| title | The new economic governance in the EU Member States. Macroeconomic results and statistical correlations for Romania |
| title_full | The new economic governance in the EU Member States. Macroeconomic results and statistical correlations for Romania |
| title_fullStr | The new economic governance in the EU Member States. Macroeconomic results and statistical correlations for Romania |
| title_full_unstemmed | The new economic governance in the EU Member States. Macroeconomic results and statistical correlations for Romania |
| title_short | The new economic governance in the EU Member States. Macroeconomic results and statistical correlations for Romania |
| title_sort | new economic governance in the eu member states macroeconomic results and statistical correlations for romania |
| topic | new economic governance EMU nominal and real convergence criteria economic growth statistical correlations |
| url | http://feaa.ucv.ro/annals/v1_2016/0044v1-030.pdf |
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