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ISSN: 2344 - 102X
ISSN-L: 2344 - 102X
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Article from Volume 7, Number 3, Year 2019| GROWTH OF SUSTAINABLE ECONOMY BASED ON IMPORTS OF GOODS AND SERVICES IN ROMANIA | 
Download | | Author(s): Anamaria - Geanina Macovei | | DOI: 10.4316/EJAFB.2019.739 | | Abstract: In this paper, is analyzed the influence of the import of goods and services on the gross domestic product for the period 1995-2018. The analyzed period of 24 years contains a critical period for the Romanian economy, in which the global economic crisis and the financial recession were felt. For analysis, the quadratic model is proposed, where a maximum point is obtained for the value of the import of goods and services and of the gross domestic product. So according to the model, if Romania's government policy is to increase the IMP then the GDP will decrease. Under these conditions, policies to promote imports as a strategy for developing a sustainable economy should be finished and the national economy, as well as exports, should be promoted and supported. | | Keywords: Import, Gross Domestic Product, Cubic Quadratic. | References:
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