Recent developments of statistical approach reflecting the macroeconomic equilibrium

Article type: Research Article

Authors: Radocea, Alexandru | Dumitrescu, Ilie | Stefanescu, Daniela

Affiliations: National Commission for Statistics, Romania, 16 Bul. Libertatii, sector 3, Bucharest, Romania

Abstract: The paper discusses the issues of economic equilibrium from the viewpoint of statistical research and the strong influence which macroeconomic equilibrium has on the process of economic growth and on setting the basis for carrying out the elements for promoting the growth as a whole. The article looks at the quantitative and structural qualitative impact of various interpretations of macroeconomic equilibrium on informational requirements and on statistical research whose purpose is to satisfy these needs. Through an overview of prerequisites of macroeconomic equilibrium, pointing out the role and importance of statistical information in the substantiation of macroeconomic options, one can clearly ascertain that macroeconomic equilibrium, as an important political option, greatly relies on statistics. In its turn, during the transition period, statistics should be placed in the development processes, irrespective of the complexity and difficulty of the issues which are to be faced. General issues of Romania's statistics are also briefly touched upon. The stage of “transition of statistics” in a period of profound changes means that the system must be provided with the capability to satisfy the informational requirements specific to the new conditions of the national economic and social environment.

DOI: 10.3233/SJU-1996-13107

Journal: Statistical Journal of the United Nations Economic Commission for Europe, vol. 13, no. 1, pp. 65-73, 1996