Romania: Selected Issues

March 27, 2015

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Format: Chicago

Romania: Selected Issues, (USA: International Monetary Fund, 2015) accessed September 18, 2024

Summary

This Selected Issues paper discusses benefits of boosting quality public infrastructure spending in Romania. Since the financial crisis, fiscal and current account deficits have been tackled, but the infrastructure deficit has widened. Quality public investment in infrastructure can boost domestic demand and potential GDP growth, particularly in low growth environments. The IMF staff simulations employing the European Union’s production function methodology show significant growth benefits from higher quality infrastructure spending. As a result of higher investment, real GDP would increase by about 1 percent initially with the impact peaking in 2025.

Subject: Exchange rates, Expenditure, Foreign exchange, Labor taxes, Public investment and public-private partnerships (PPP), Public investment spending, Taxes

Keywords: Central Asia, CR, Eastern Europe, Exchange rate, Exchange rate pass-through, Exchange rates, Export, Global, ISCR, Labor taxes, PPI inflation, Public investment and public-private partnerships (PPP), Public investment spending, Quality investment, Romania, Southern Europe, Targeting CEE, Tax wedge

Publication Details

Pages:

99
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/080
Stock No:

1ROMEA2015002
ISBN:

9781475553116
ISSN:

1934-7685

Notes

Also Available in Romanian

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