| Peer-Reviewed

Towards a “New” Model of Economic Growth: Empirical Evidence from Romania’s Case

Received: 27 August 2013    Accepted:     Published: 20 September 2013
Views:       Downloads:
Abstract

Economic growth and the policy for economic growth transformed starting with the end of World War II as a result of the desire to implement economic recovery and obtain economic and social prosperity. To achieve healthy (understood as durable and sustainable) economic growth real convergence is needed to catch up and grow at the European Union’s standards. This paper presents the situation met in the Romanian market with the perspective of three economic models implemented on its case.

Published in International Journal of Business and Economics Research (Volume 2, Issue 5)
DOI 10.11648/j.ijber.20130205.11
Page(s) 91-97
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Economic Growth, Economic Policy, Model, Sustainable Economic Growth, Economics

References
[1] D.A. Bodislav, The New Economy: Efficiency, equity and sustainable economic growth, Quality Review - Access to Success, 13( S1), pp. 21-29, 2012
[2] L. Oxelheim, Globalization, transparency and economic growth: The vulnerability of Chinese firms to macroeconomic shocks, Journal of Asian Economics.21(1), pp. 66-75, 2010
[3] S. Boakye, Theory of social transformation, political transition and economic growth, Economic Systems, 36(3), pp. 411–425, 2012
[4] C. Mattalia, Human capital accumulation in R&D-based growth models, Economic Modelling, 29(3), pp. 601–609, 2012
[5] K. M. Vu, ICT as a source of economic growth in the information age: Empirical evidence from the 1996–2005 period,Telecommunications Policy, 35( 4), pp. 357-372, 2011
[6] C. Minoiu and S. G. Reddy, Development aid and economic growth: A positive long-run relation, The Quarterly Review of Economics and Finance, 50(1), pp.27-39, 2010
[7] Ph. LeBel, The role of creative innovation in economic growth: Some international comparisons, Journal of Asian Economics, 19(4), pp.334–347, 2008
[8] V. Costantini and S. Monni, Environment, human development and economic growth, Ecological Economics, 64( 4), pp. 867–880, 2008
[9] İ.S. Akçomak and B. Weel, Social capital, innovation and growth: Evidence from Europe, European Economic Review, 53( 5), pp. 544–567, 2009
[10] J.M. Reilly, Green growth and the efficient use of natural resources, Energy Economics, 34(1), 2012
[11] B. Warr and R.U. Ayres, Useful work and information as drivers of economic growth, Ecological Economics, 73(15), pp. 93–102, 2012
[12] S. Silva and I. Soares and O. Afonso, Economic growth and polluting resources: Market equilibrium and optimal policies, Economic Modelling, 30, pp. 825-834, 2013
[13] K.G.Mäler, Economic Growth and the Environment, Encyclopedia of Biodiversity (Second Edition), pp.25-30, 2013
[14] C. Angelescu and I. Stanescu, The Policy for Economic Growth, Economica Publishing, Bucharest, 2004
[15] C.H. Knutsen, Democracy, State Capacity, and Economic Growth, World Development, 43, pp. 1-18, 2013
[16] K. Muler, Modern Economic Growth: Rate, Structure and Spread (Simon Kuznets), Ludwig Maximilians Universitat, Munchen, 2008
[17] V.Ruttan and Y. Hayami, Can Economic Growth Be Sustained?, Oxford University Press, New York, 2011
[18] D.A. Bodislav, The Catching Up Process - A Review of Romania's Case, Metalurgia International,6(XVII), pp. 125-130, 2012
[19] National Bank of Romania. Interactive database. http://www.bnro.ro/Interactive-database-1107.aspx,March 2013
[20] Romanian National Institue of Statistics. Tempo Online Database.https://statistici.insse.ro/shop/?lang=enhttps://statistici.insse.ro/shop/?lang=en, March 2013
[21] EuropeanComission.Eurostat.Statistics.http://epp.eurostat.ec.europa.eu/portal/page/portal/statistics/search_database, March 2013
[22] A. Socol and D. Mantescu, Re-modeling the Romanian Fiscal Policy under the Terms of the Economic Crisis, Theoretical and Applied Economics, 18 (1), pp.111 – 120, 2011
Cite This Article
  • APA Style

    Ramona-Mihaela Matei, Dumitru-Alexandru Bodislav, Ioan Radu. (2013). Towards a “New” Model of Economic Growth: Empirical Evidence from Romania’s Case. International Journal of Business and Economics Research, 2(5), 91-97. https://doi.org/10.11648/j.ijber.20130205.11

    Copy | Download

    ACS Style

    Ramona-Mihaela Matei; Dumitru-Alexandru Bodislav; Ioan Radu. Towards a “New” Model of Economic Growth: Empirical Evidence from Romania’s Case. Int. J. Bus. Econ. Res. 2013, 2(5), 91-97. doi: 10.11648/j.ijber.20130205.11

    Copy | Download

    AMA Style

    Ramona-Mihaela Matei, Dumitru-Alexandru Bodislav, Ioan Radu. Towards a “New” Model of Economic Growth: Empirical Evidence from Romania’s Case. Int J Bus Econ Res. 2013;2(5):91-97. doi: 10.11648/j.ijber.20130205.11

    Copy | Download

  • @article{10.11648/j.ijber.20130205.11,
      author = {Ramona-Mihaela Matei and Dumitru-Alexandru Bodislav and Ioan Radu},
      title = {Towards a “New” Model of Economic Growth: Empirical Evidence from Romania’s Case},
      journal = {International Journal of Business and Economics Research},
      volume = {2},
      number = {5},
      pages = {91-97},
      doi = {10.11648/j.ijber.20130205.11},
      url = {https://doi.org/10.11648/j.ijber.20130205.11},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20130205.11},
      abstract = {Economic growth and the policy for economic growth transformed starting with the end of World War II as a result of the desire to implement economic recovery and obtain economic and social prosperity. To achieve healthy (understood as durable and sustainable) economic growth real convergence is needed to catch up and grow at the European Union’s standards. This paper presents the situation met in the Romanian market with the perspective of three economic models implemented on its case.},
     year = {2013}
    }
    

    Copy | Download

  • TY  - JOUR
    T1  - Towards a “New” Model of Economic Growth: Empirical Evidence from Romania’s Case
    AU  - Ramona-Mihaela Matei
    AU  - Dumitru-Alexandru Bodislav
    AU  - Ioan Radu
    Y1  - 2013/09/20
    PY  - 2013
    N1  - https://doi.org/10.11648/j.ijber.20130205.11
    DO  - 10.11648/j.ijber.20130205.11
    T2  - International Journal of Business and Economics Research
    JF  - International Journal of Business and Economics Research
    JO  - International Journal of Business and Economics Research
    SP  - 91
    EP  - 97
    PB  - Science Publishing Group
    SN  - 2328-756X
    UR  - https://doi.org/10.11648/j.ijber.20130205.11
    AB  - Economic growth and the policy for economic growth transformed starting with the end of World War II as a result of the desire to implement economic recovery and obtain economic and social prosperity. To achieve healthy (understood as durable and sustainable) economic growth real convergence is needed to catch up and grow at the European Union’s standards. This paper presents the situation met in the Romanian market with the perspective of three economic models implemented on its case.
    VL  - 2
    IS  - 5
    ER  - 

    Copy | Download

Author Information
  • Faculty of Management, Bucharest University of Economic Studies, Bucharest, Romania

  • Faculty of Economics, Bucharest University of Economic Studies, Bucharest, Romania

  • Faculty of Management, Bucharest University of Economic Studies, Bucharest, Romania

  • Sections