CURRENT ECONOMIC CRISIS IN ROMANIA
            Liviu-Stelian Begu, The Academy of Economic Studies Bucharest
                  Laura Patache, “Spiru Haret” University Constanta
             Alexandra Irod, The Academy of Economic Studies Bucharest

ABSTRACT: The paper is intended to be primarily a factual developments illustrate the
main economic indicators in the context of Romania's crisis by creating a digital picture
to illustrate the main effects of the country. The idea started more from a personal desire
to make a passage highlighted "the crisis, where some of it not felt it directly, seem to be
amplified in an unduly by the media”. Secondly, we proposed the application of an
econometric model using as a set of macroeconomic indicators compiled data for
Romania for the period 2000 to 2008. This will allow certain scenarios and forecasting
developments in the context of model assumptions. Another issue raised by the paper is
related to the validity of the model used and how plausible conclusions can be reached
after application.

Key words: crisis, econometrics, endogenous variables, exogenous variables

JEL codes: E01, E17, E20, E32, E40