A Study on the Influence of Final Consumption Expenditure of Households and Foreign Trade on the Gross Domestic Product – Case of Romania and Five European Union Countries with Highest GDP

Mihai Păunică, Alexandru Manole and Cătălina Motofei

Abstract:

In this paper, the authors analyze the influence of some factors on the economic growth at the level of the European Union. The factors selected for the evaluation are indicators corresponding to the group of countries that recorded the most significant amounts of Gross Domestic Product since 2007Q1, and of Romania. We consider two types of analysis, as detailed in the main body of the paper, and we use a dedicated econometric analysis to substantiate the estimation of our parameters, meant to help measure the impact of factors on the main variable selected.