Public Instruments in Ensuring Economic Growth. Case Study for Romania

Abstract

The main objective of the paper is to study the relationship between some relevant macroeconomic variables in Romania from 2001-2017. On the one hand, indicators belonging to the fiscal and budgetary policies are emphasized, while, on the other hand, there is economic growth. GDP evolution is the main indicator describing the economic performance of a country, while the governmental policies and the level of corruption play a key role with respect to the implications they have in promoting economic reforms. The results obtained after using several statistical tools prove that the general consolidated budget revenues and the average monthly gross earnings factors have a major impact on Romania’s economic development.