A MODEL DEDICATED TO FORECAST THE EVOLUTION OF THE REAL ECONOMY AND 
FINANCIAL MARKETS SYSTEM FROM ROMANIA USING CONCEPTS FROM OPEN SYSTEMS 
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A MODEL DEDICATED TO FORECAST THE EVOLUTION OF THE REAL ECONOMY AND FINANCIAL MARKETS SYSTEM FROM ROMANIA USING CONCEPTS FROM OPEN SYSTEMS THERMODIN
A MODEL DEDICATED TO FORECAST THE EVOLUTION OF THE REAL ECONOMY AND FINANCIAL MARKETS SYSTEM FROM ROMANIA USING CONCEPTS FROM OPEN SYSTEMS THERMODIN

Author(s): Raluca Dracea, Cristi Marcel Spulbar, Sabin Rizescu, Cristian Valeriu Stanciu
Subject(s): Economy
Published by: Editura Universitaria Craiova
Keywords: real economy; financial markets; forecast model; open systems thermodynamics

Summary/Abstract: The project aims to create an econometric model which allows the forecasting of the evolution of Romania’s real economy, as well as the evolution of the system of Romanian financial markets. The study basis is represented by the assimilation of real economies with physics systems which are appropriate to the modeling with the aid of statistical physics and thermodynamics of open systems. Where certain data come under record, some economic and market processes can be assimilated with afferent processes to some Brownian systems.

  • Issue Year: 2009
  • Issue No: 13 special
  • Page Range: 19-26
  • Page Count: 8
  • Language: English