PUBLIC INSTRUMENTS IN ENSURING ECONOMIC GROWTH. CASE STUDY FOR ROMANIA

• Main Author: Maria Leti ț ia ANDRONIC (BR Ă TULESCU)
• Format: Article
• Language: English
• Published: Transilvania University Press 2018-12-01
• Series: Bulletin of the Transilvania University of Brasov. Series V : Economic Sciences
• Subjects: economic growth; public debt; budgetary policy; corruption
• Online Access: http://webbut.unitbv.ro/bulletin/Series%20V/2018/BULETIN%20I/13_Andronic.pdf

The main objective of the paper is to study the relationship between some relevant macroeconomic variables in Romania for 2001-2017. On the one hand, indicators belonging to the fiscal and budgetary policies are emphasized, while, on the other hand, there is the economic growth. GDP evolution is the main indicator describing the economic performance of a country, while the governmental policies and the level of corruption play a key role with respect to the implications they have in promoting economic reforms. The results obtained after using several statistical tools prove that the general consolidated budget revenues and the average monthly gross earnings factors have a major impact on Romania’s economic development.