Sectoral structure of the Romanian economy

Abstract

The paper analyzes the input-output structure of Romanian economy and the diffusion mechanisms of economic effects in 2010, being the most recent year for which the national symmetric input-output table (SIOT) was available in Eurostat databases. The input-output models for the network of sectoral activities assess the direct and indirect impact on the economy. The shocks such as changes of final demand, changes of production or of input-output technological inter-linkages of sectoral production levels, during the propagation processes influences the impact throughout the economy. The complexity of linkages between economic sectors can be understood with the input-output analyses. This input-output method can show the relevance of diffusion mechanisms in the future behavior of sectors. Knowing the future behavior at macroeconomic level could be useful for the economic policies of different sectors and for keeping the desired equilibrium.