Original scientific paper
https://doi.org/10.1080/1331677X.2015.1087326
Services and structural patterns of a post-transition Romanian economy
Gheorghe Săvoiu
orcid.org/0000-0002-9596-793X
Vasile Dinu
Laurenţiu Tăchiciu
Abstract
The present paper reflects a first step in exploring in a systematic way the manner in which services are embedded in the economic life in Romania. The authors believe that service industries, in particular knowledge intensive services, are at the core of this transformational process and economic transitions. This article presents the input–output tables and their role for the real GDP and real growth estimations, the importance of correlation between goods and services, an econometrical analysis of some major matrix of correlation developed from data, and a set of conclusions
describing the impact of goods-services correlation on the Romanian economic growth. The three sections are the distinct research objectives: (a) the input–output descriptive images, emphasising statistical characteristics of goods-services liaisons; (b) the evaluation of these correlations with the dynamics of real Romanian GDP, based on the R-squared matrix; (c) the identification of the impact on the real growth of goods-services liaisons for the Romanian economy as a specificity of its stage of development.
Keywords
input–output tables; intermediate consumption of services; correlation; GDP estimation methodology; matrix of correlation; econometric model
Hrčak ID:
171560
URI
Publication date:
20.12.2015.
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