Evolution Scenarios at the Romanian Economy Level, Using the R.M. Solow Adjusted Model

Autor: Stelian Stancu, Ion Gh. Rosca
Jazyk: angličtina
Rok vydání: 2008
Předmět:
Zdroj: Theoretical and Applied Economics, Vol 06(523), Iss 06(523), Pp 3-10 (2008)
Druh dokumentu: article
ISSN: 1841-8678
Popis: Besides the models of M. Keynes, R.F. Harrod, E. Domar, D. Romer, Ramsey-Cass-Koopmans model etc., the R.M. Solow model is part of the category which characterizes the economic growth. The paper proposes the presentation of the R.M. Solow adjusted model with specific simulation characteristics and economic growth scenario. Considering these aspects, there are presented the values obtained at the economy level, behind the simulations, about the ratio Capital on the output volume, Output volume on employee, equal with the current labour efficiency, as well as the Labour efficiency value.
Databáze: Directory of Open Access Journals