The Journal of Accounting and Management, Vol 7, No 2 (2017)

Analysis and forecast GDP of Romania during 1995-2014

Catalin Angelo Ioan, Ioan Gina


Analysis carried out on macro-regions and counties reveals a disproportionate development of areas of Romania, with growth rates of GDP high in Bucharest-Ilfov, but and Gorj, Arad and Timis and very low, even negative in the nearby counties of Arges, Giurgiu Prahova and Teleorman indicating many weaknesses of the Romanian economy.

Counties with a high agricultural potential such as Giurgiu Teleorman fail to transform this geographical advantage into an economic one, and some with great tourism potential: Prahova and Arges contribute not expected to raise living standards.

The preferential allocation of budgetary funds for infrastructure development led to counties Transylvanian record, mostly, growth rates healthy, while the counties of Moldavia, Muntenia and Oltenia by SOUTH struggle somewhere to limit growth or worse, recorded negative rates.


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