1 / 10

PhD Ion Ghizdeanu President NCEF PhD St. Dana Ţapu Counselor NCEF

PhD Ion Ghizdeanu President NCEF PhD St. Dana Ţapu Counselor NCEF. National Commission for Economic Forecasting The real convergence of the Romanian economy – long term perspectives CMTEA 2008, Iasi, Romania. National Commission for Economic Forecasting

nora
Download Presentation

PhD Ion Ghizdeanu President NCEF PhD St. Dana Ţapu Counselor NCEF

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. PhD Ion GhizdeanuPresident NCEFPhD St. Dana Ţapu Counselor NCEF National Commission for Economic Forecasting The real convergence of the Romanian economy – long term perspectives CMTEA 2008, Iasi, Romania

  2. National Commission for Economic Forecasting The Real Convergence Process – a complex process Real convergence – complex and still not methodologically clarified enough; The convergence process became increasingly important for the EU after the single currency was adopted; The real convergence is more vaguely defined The nominal convergence is sustainable only under the circumstances of a real competitive economy

  3. National Commission for Economic Forecasting Improving the real convergence is not equal to reducing the gap; The real convergence reflects the interdependence among the uniqueness of the European market and the specificity of the national markets The real convergence is about structures, inflows and behaviours linked to production, distribution and consumption of goods and services

  4. National Commission for Economic Forecasting A comprehensive approach of the real convergence should not limit to the “strictly economic” sectors, but it should regard the society on the whole; The real convergence is an aggregate process; The development of this process can be measured, on the one hand, through GDP per capita and, on the other hand through the structural changes registered by the economy

  5. National Commission for Economic Forecasting 2.Progress with the convergence of the Romanian economy 1997-1999 - structural transformation stage under the circumstances of an economic involution. The period 1997-1999 represented the first period of compatibility of the economic structures to the EU requirements. 2000-2004 stage - economic re-launching and implementing the “ community acquis” 2005-2006 stage- development acceleration and of the real convergence after January 1st 2007 period- the very moment of accession,

  6. Gross domestic product per capita in PPS 45 41.0 38.9 40 35.5 34.1 35 31.5 29.4 27.6 30 26.0 % of EU 27 25 20 15 10 5 0 2000 2001 2002 2003 2004 2005 2006 2007 National Commission for Economic Forecasting Source: EUROSTAT

  7. National Commission for Economic Forecasting The gaps between Romania and some EU member states (=1.00) regarding the GDP per capita Source: EUROSTAT

  8. National Commission for Economic Forecasting The structure of GDP by branches Source: EUROSTAT

  9. National Commission for Economic Forecasting Romania has the capacity to keep a high real convergence rhythm, at least from the following reasons: Romania faces nowadays the beginning of a period with important foreign capital inflows European funds The economic growth potential can be amplified due to the lower level of development The share of the total public debt in GDP is lower than the Maastricht criteria value

  10. THANK YOU! National Commission for Economic Forecasting CMTEA 2008, Iasi, Romania

More Related