bars curve in romanian economy
Abstract
The paper is consacrated to the binomial “public budget-global output” from the BARS curve perspective. The first section characterizes the main conceptual premises of this approach. The second is devoted to empirical analysis, using the statistical data (1990- 2013) for Romania, an European emergent economy: three cointegrating regressions (fully modified least squares, canonical cointegrating regression and dynamic least squares) and three algorithms based on instrumental variables (two-stage least squares, generalized method of moments, and limited information maximum likelihood) are used. Some conclusions are presented.
Keywords
economic growth
quality
Entrepreneurship
Romania
efficiency
sustainability
fertility
population
competitiveness
united nations
international migration
best practices
cost-benefit analysis
dea
public administration
entrepreneurial intention
change
crowdsourcing
businesseconomics as a science
sustainable lifestyle marketingbusinesseconomics as a science
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179139
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