Nominal convergence in post-accession Romania

Authors

  • Ion Lucian CATRINA Lecturer Ph.D. Academy of Economic Studies Bucharest Postdoctoral Program “Performance and excellence in postdoctoral research in Romanian economic science domain”

Keywords:

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

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.   

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.

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Published

2011-03-30

How to Cite

CATRINA, I. L. (2011). Nominal convergence in post-accession Romania. Annals of Spiru Haret University. Economic Series, 11(1), 27–34. Retrieved from https://anale.spiruharet.ro/economics/article/view/1113

Issue

Vol. 11 No. 1 (2011)

Section

ACADEMIA PAPERS

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