Macroeconomic Proportions and Corellations

• Main Authors: Constantin Mitrut, Alexandru Isaic-Maniu, Constantin Anghelache, Vergil Voineagu
• Format: Article
• Language: English
• Published: General Association of Economists from Romania 2006-04-01
• Series: Theoretical and Applied Economics
• Subjects: macroeconomics; correlation; proportion; unemployment; inflation
• Online Access: http://www.ectap.ro/articole/44.pdf

The work is focusing on the main proportions and correlations which are being set up between the major macroeconomic indicators. This is the general frame for the analysis of the relations between the Gross Domestic Product growth rate and the unemployment rate; the interaction between the inflation rate and the unemployment rate; the connection between the GDP growth rate and the inflation rate. Within the analysis being performed, a particular attention is paid to “the basic relationship of the economic growth” by emphasizing the possibilities as to a factorial analysis of the macroeconomic development, mainly as far as the Gross Domestic Product is concerned. At this point, the authors are introducing the mathematical relations, which are used for modeling the macroeconomic correlations, hence the strictness of the analysis being performed.