Analysis of Purchasing Power Parities in Romania in the context of EU integration
Purchasing power parity (PPP) is a useful tool for international comparison of prices between countries, in order to analyze the degree of economic development. On this line, purchasing power parities are indicators that express the main macroeconomic aggregates, in a common currency for all the cou...
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| Format: | Article |
| Language: | English |
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Editura ASE Bucuresti
2015-03-01
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| Series: | Romanian Economic Journal |
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| Online Access: | http://www.rejournal.eu/article/analysis-purchasing-power-parities-romania-context-eu-integration |
| _version_ | 1818270880381272064 |
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| author | Roxana Cristina Vîlcu |
| author_facet | Roxana Cristina Vîlcu |
| author_sort | Roxana Cristina Vîlcu |
| collection | DOAJ |
| description | Purchasing power parity (PPP) is a useful tool for international comparison of prices between countries, in order to analyze the degree of economic development. On this line, purchasing power parities are indicators that express the main macroeconomic aggregates, in a common currency for all the countries subject to international comparisons. This material analyzes the evolution of PPP in Romania for a time interval of 10 years (2004-2013). The purpose of research is to analyze the purchasing power at national level, in the context of integration in European Union (EU). The period before and after Romania’s integration in the EU, has an important role to establish the positioning of our country in terms of purchasing power, compared to the other EU countries. The main conclusion of the paper is that Romania is the country with one of the lowest purchasing power parities compared to other EU countries, along with Bulgaria, which joined the EU in the same year (2007). Given that PPP cannot establish a hierarchy of countries, the research takes into account other important indicators such as: Harmonised Indices of Consumer Prices, GDP and inflation rate. |
| first_indexed | 2024-12-12T21:17:18Z |
| format | Article |
| id | doaj.art-90aef987a269473d8a38ae651490bcc2 |
| institution | Directory Open Access Journal |
| issn | 1454-4296 2286-2056 |
| language | English |
| last_indexed | 2024-12-12T21:17:18Z |
| publishDate | 2015-03-01 |
| publisher | Editura ASE Bucuresti |
| record_format | Article |
| series | Romanian Economic Journal |
| spelling | doaj.art-90aef987a269473d8a38ae651490bcc22022-12-22T00:11:43ZengEditura ASE BucurestiRomanian Economic Journal1454-42962286-20562015-03-01XVIII558594Analysis of Purchasing Power Parities in Romania in the context of EU integrationRoxana Cristina Vîlcu 0The Bucharest University of Economic Studies, Romania, e-mail: roxanavilcu@gmail.comPurchasing power parity (PPP) is a useful tool for international comparison of prices between countries, in order to analyze the degree of economic development. On this line, purchasing power parities are indicators that express the main macroeconomic aggregates, in a common currency for all the countries subject to international comparisons. This material analyzes the evolution of PPP in Romania for a time interval of 10 years (2004-2013). The purpose of research is to analyze the purchasing power at national level, in the context of integration in European Union (EU). The period before and after Romania’s integration in the EU, has an important role to establish the positioning of our country in terms of purchasing power, compared to the other EU countries. The main conclusion of the paper is that Romania is the country with one of the lowest purchasing power parities compared to other EU countries, along with Bulgaria, which joined the EU in the same year (2007). Given that PPP cannot establish a hierarchy of countries, the research takes into account other important indicators such as: Harmonised Indices of Consumer Prices, GDP and inflation rate.http://www.rejournal.eu/article/analysis-purchasing-power-parities-romania-context-eu-integrationPurchasing Power Parityinflation rateGDPHarmonised Indices of Consumer Prices |
| spellingShingle | Roxana Cristina Vîlcu Analysis of Purchasing Power Parities in Romania in the context of EU integration Romanian Economic Journal Purchasing Power Parity inflation rate GDP Harmonised Indices of Consumer Prices |
| title | Analysis of Purchasing Power Parities in Romania in the context of EU integration |
| title_full | Analysis of Purchasing Power Parities in Romania in the context of EU integration |
| title_fullStr | Analysis of Purchasing Power Parities in Romania in the context of EU integration |
| title_full_unstemmed | Analysis of Purchasing Power Parities in Romania in the context of EU integration |
| title_short | Analysis of Purchasing Power Parities in Romania in the context of EU integration |
| title_sort | analysis of purchasing power parities in romania in the context of eu integration |
| topic | Purchasing Power Parity inflation rate GDP Harmonised Indices of Consumer Prices |
| url | http://www.rejournal.eu/article/analysis-purchasing-power-parities-romania-context-eu-integration |
| work_keys_str_mv | AT roxanacristinavilcu analysisofpurchasingpowerparitiesinromaniainthecontextofeuintegration |