Towards a ”New” Model of Economic Growth: Empirical Evidence From Romania’s Case

Abstract:

Economic growth and the policy for economic growth transformed starting with the end of World War II as a result of the desire to implement economic recovery and obtain economic and social prosperity. To achieve healthy (understood as durable and sustainable) economic growth real convergence is needed to catch up and grow at the European Union’s standards. This paper presents the situation met in the Romanian market with the perspective of three economic models implemented on its case.

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