THE INFLUENCE OF GOVERNMENT SPENDING, FINANCIAL, MONETARY AND FISCAL POLICIES ON THE GDP. COMPARATIVE ANALYSIS ROMANIA – LITHUANIA

Ene Sebastian George () and Chilarez Danut
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Ene Sebastian George: Faculty of Finance, "Constantin Brancoveanu" University of Pitesti

Management Strategies Journal, 2015, vol. 29, issue 3, 6-15

Abstract: The analysis of the way in which the economic growth is achieved represents one of the fundamental problems of economics. Recent research is based on the econometric models based on multiple regression. This research aims to analyze how government spending, fiscal, monetary and financial policies influence the dynamics of the GDP. In this sense, it is constructed an econometric model in which the dependent variable is the gross domestic product and the independent variables are: fiscal freedom, government spending, monetary freedom and financial freedom. A comparative analysis between two former communist countries of different sizes, with different economic features, is performed in order to capture and analyze the phenomenon better. They used data characterizing the period 2000 – 2012. The model of multiple regression shows the way in which the independent variables influence the economic growth in the two countries.

Keywords: economic growth; determinants of the economic growth; econometric model; the influence of variables on the economic growth; comparative analysis (search for similar items in EconPapers)
JEL-codes: C13 E42 E63 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:brc:journl:v:29:y:2015:i:3:p:6-15

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