ECONOMETRIC MODEL CONCERNING THE STATUS AND EVOLUTION OF THE AUTOMOTIVE INDUSTRY IN ROMANIA
The year when the automobile appear, 1885, changed irreversibly the world, revolutionizing the people lifestyle. This creation anticipated new industrial domains, stimulated the massive employments, and eroded the "class struggle" offering the opportunity to travel also to those without fi...
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| Format: | Article |
| Language: | English |
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University of Petrosani
2012-10-01
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| Series: | Annals of the University of Petrosani: Economics |
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| Online Access: | http://www.upet.ro/annals/economics/pdf/2012/part3/Hagiu.pdf |
| Summary: | The year when the automobile appear, 1885, changed irreversibly the world, revolutionizing the people lifestyle. This creation anticipated new industrial domains, stimulated the massive employments, and eroded the "class struggle" offering the opportunity to travel also to those without financial possibilities, offering the pleasure of hobby to thousands of people. These considerations coupled with the fact that the automotive industry in Romania is one of the industries with the highest value added, made us choose this industry for our study. The paper aims to make a presentation of the characteristics and evolution of the automotive industry in Romania, also proposing an econometric model through which to be able to predict its evolution. |
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| ISSN: | 1582-5949 2247-8620 |