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 StanciuSubject(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.
Journal: Revista tinerilor economişti
- Issue Year: 2009
- Issue No: 13 special
- Page Range: 19-26
- Page Count: 8
- Language: English