Acta Universitatis Danubius. Œconomica, Vol 11, No 3 (2015)

The inflation and economic growth: evidence from Romania

Mircea Asandului, Dan Lupu


The main purpose of this study is to establish the existence (or not) of a relationship between inflation and economic growth in Romania, the study lasting between 1970-2013. The methodology used in this study is the one specific to time series: structural break test using Zivot-Andrews test, the stationarity test using Augmented Dickey-Fuller (ADF), and then Granger causality testing. Test results showed that for the analyzed period, there was a cointegrating relationship between inflation and economic growth for Romania. Finally, to establish the econometric model of the two variables, it has been developed an ARDL model with two different periods of lag.


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