Nominal convergence in post-accession Romania

Ion Lucian CATRINA

Abstract


This paper aims to analyze the achievement of nominal convergence criteria by the Romanian economy, as well as the macroeconomic effects caused by the strong targeting of these criteria. The global crisis caused a small contraction of governmental expenditure but a fast-growing public debt. The policies restricting budget deficit and public debt continue to produce strong theoretical debates on the right way to reach economic growth.

 

 

 


Keywords


convergence, budget deficit, public debt, GDP, monetary union

Full Text:

PDF

References


· Barro T.R. (Oct., 1979), On the Determination of Public Debt, “The Journal of Political Economy”, Vol. 87, No. 5, Part 1, pp. 940-971.

· Becker Torbjörn, Dăianu Daniel et al (2010), Whither Growth in Central and Eastern Europe?, Bruxelles: Bruegel Blueprint Series.

· Dinu Marin, Socol Cristian (2006), România în Uniunea Europeană. Potenţialul de convergenţă, Bucharest: AGER.

· Georgescu Florin (2010), Politicile economice ale României în scopul adoptării euro, Bucharest: NBR.

· Iancu Aurel (2008), Convergenţa nominală, Bucharest: Romanian Academy.

· Meade J.E. (Jun., 1958), Is the National Debt a Burden?, “Oxford Economic Papers”, New Series, Vol. 10, No. 2, pp. 163-183.

· Modigliani Franco (2005), Long-Run Implications of Alternative Fiscal Policies and the Burden of the National Debt, Cambridge: MIT Press.

· Presbitero F. Andrea (2010), Total public debt and growth in developing countries, Marche: MOFIR.

· Reinhart, M. Carmen, Rogoff, S. Kenneth (2010), Growth in a Time of Debt, Cambridge: National Bureau of Economic Research.




Copyright (c) 2011 author

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

As to respect GDPR, this site do not allow free registation. Please contact us at: ashues@spiruharet.ro. 

GDPR Policy:

Please read the statement below:
Processing of personal data and free movement of these data

Registering with this site the author agree with the collection, processing and use of his personal data, exclusively within the ASHUES journal.

 

AWARDS 

WILL BE CONFERRED AT THE END OF THE YEAR

To crown and encourage research efforts of the authors, at the end of a year of publishing our journal board will award online the best papers by distinctions:

1. Best Original Paper Award -  for the paper that has brought something completely new in the reader's attention (a new concept, a new trend, a new proposal in research, etc.)

2. Excellence Award - for the most cited paper and visualized in the online environment during the year

3. First, Second and Third Award- for the best documented and substantiated papers during the year

4. Special Award - to award PhD students and postdocs for the most well documented and substantiated paper