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BUSINESS CYCLE IN THE ROMANIAN ECONOMY: PHASES AND DEVELOPMENTS.

Authors :
GÂF-DEAC, Ioan I.
VASILE, Anna Maria
Source :
Review of General Management; 2024, Vol. 39 Issue 1, p18-31, 14p
Publication Year :
2024

Abstract

Romania's economy is not yet fully and competitively linked to the European and global economy. In the general economic and political history, the political, institutional and economic changes that have occurred since 1990 in Central and Eastern Europe, including Romania, are already recognized. The article deals with the evolutionary situational stages towards the New Economy of Romania. Also, is described the horizon of the post-transformations for reaching the quasi-constant inverted levels between "tangible-intangible" for the transition to a business cycle in the New Knowledge-Based Economy and Risk. It turns out that if the GDP reflects the sum of the market value of all goods and services destined for final consumption, not intermediate ones, produced in all branches of the economy within Romania within one year, then by way of investigative proximity, business and manifestation cycles of these closely followed the evolutionary dimensional trends of similarity and aggregation with GDP. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
1841818X
Volume :
39
Issue :
1
Database :
Complementary Index
Journal :
Review of General Management
Publication Type :
Academic Journal
Accession number :
177096470