Analysis on the impact of investments, energy use and domestic material consumption in changing the Romanian economic paradigm

The main aim of the paper is to assess the impact of fix capital, energy use and domestic material consumption in changing the inland Romanian economic paradigm, from an economic perspective, using the intensive form of the Cobb-Douglas function. In order to identify various connections of economic...

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Main Authors:	Gheorghe H. Popescu, Jean Vasile Andrei, Elvira Nica, Mihai Mieilă, Mirela Panait
Format:	Article
Language:	English
Published:	Vilnius Gediminas Technical University 2019-01-01
Series:	Technological and Economic Development of Economy
Subjects:	economic development energy use fixed capital stock domestic material consumption Cobb-Douglas technological changes
Online Access:	https://journals.vgtu.lt/index.php/TEDE/article/view/7454

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spelling	doaj-0fb8dda86ce948d8b1cdecccd7d629f92021-07-02T14:46:31ZengVilnius Gediminas Technical UniversityTechnological and Economic Development of Economy2029-49132029-49212019-01-0125110.3846/tede.2019.7454Analysis on the impact of investments, energy use and domestic material consumption in changing the Romanian economic paradigmGheorghe H. Popescu0Jean Vasile Andrei1Elvira Nica2Mihai Mieilă3Mirela Panait4Department of Finance and Banking, Dimitrie Cantemir Christian University, Bucharest, RomaniaFaculty of Economic Sciences, Petroleum – Gas University of Ploiesti, Ploiesti, Prahova, RomaniaFaculty of Administration and Public Management, Bucharest Academy of Economic Studies, Bucharest, RomaniaFaculty of Economic Sciences, Valahia University, Targoviste, RomaniaFaculty of Economic Sciences, Petroleum – Gas University of Ploiesti, Ploiesti, Prahova, Romania The main aim of the paper is to assess the impact of fix capital, energy use and domestic material consumption in changing the inland Romanian economic paradigm, from an economic perspective, using the intensive form of the Cobb-Douglas function. In order to identify various connections of economic growth, sustainable development, energy usage has determined the application of the vector error correction (VEC) model and the implied error correction term (ECT). This method was chosen based on the premise that it has a high degree of applicability and it can be used in order to revile significant aspects terms of indicator significance and displays. The results obtained during the research confirm that both in Romania and at EU-28 level there are determinant and significant elements shaping a proactive economic policy. https://journals.vgtu.lt/index.php/TEDE/article/view/7454economic developmentenergy usefixed capital stockdomestic material consumptionCobb-Douglastechnological changes
collection	DOAJ
language	English
format	Article
sources	DOAJ
author	Gheorghe H. Popescu Jean Vasile Andrei Elvira Nica Mihai Mieilă Mirela Panait
spellingShingle	Gheorghe H. Popescu Jean Vasile Andrei Elvira Nica Mihai Mieilă Mirela Panait Analysis on the impact of investments, energy use and domestic material consumption in changing the Romanian economic paradigm Technological and Economic Development of Economy economic development energy use fixed capital stock domestic material consumption Cobb-Douglas technological changes
author_facet	Gheorghe H. Popescu Jean Vasile Andrei Elvira Nica Mihai Mieilă Mirela Panait
author_sort	Gheorghe H. Popescu
title	Analysis on the impact of investments, energy use and domestic material consumption in changing the Romanian economic paradigm
title_short	Analysis on the impact of investments, energy use and domestic material consumption in changing the Romanian economic paradigm
title_full	Analysis on the impact of investments, energy use and domestic material consumption in changing the Romanian economic paradigm
title_fullStr	Analysis on the impact of investments, energy use and domestic material consumption in changing the Romanian economic paradigm
title_full_unstemmed	Analysis on the impact of investments, energy use and domestic material consumption in changing the Romanian economic paradigm
title_sort	analysis on the impact of investments, energy use and domestic material consumption in changing the romanian economic paradigm
publisher	Vilnius Gediminas Technical University
series	Technological and Economic Development of Economy
issn	2029-4913 2029-4921
publishDate	2019-01-01
description	The main aim of the paper is to assess the impact of fix capital, energy use and domestic material consumption in changing the inland Romanian economic paradigm, from an economic perspective, using the intensive form of the Cobb-Douglas function. In order to identify various connections of economic growth, sustainable development, energy usage has determined the application of the vector error correction (VEC) model and the implied error correction term (ECT). This method was chosen based on the premise that it has a high degree of applicability and it can be used in order to revile significant aspects terms of indicator significance and displays. The results obtained during the research confirm that both in Romania and at EU-28 level there are determinant and significant elements shaping a proactive economic policy.
topic	economic development energy use fixed capital stock domestic material consumption Cobb-Douglas technological changes
url	https://journals.vgtu.lt/index.php/TEDE/article/view/7454
work_keys_str_mv	AT gheorghehpopescu analysisontheimpactofinvestmentsenergyuseanddomesticmaterialconsumptioninchangingtheromanianeconomicparadigm AT jeanvasileandrei analysisontheimpactofinvestmentsenergyuseanddomesticmaterialconsumptioninchangingtheromanianeconomicparadigm AT elviranica analysisontheimpactofinvestmentsenergyuseanddomesticmaterialconsumptioninchangingtheromanianeconomicparadigm AT mihaimieila analysisontheimpactofinvestmentsenergyuseanddomesticmaterialconsumptioninchangingtheromanianeconomicparadigm AT mirelapanait analysisontheimpactofinvestmentsenergyuseanddomesticmaterialconsumptioninchangingtheromanianeconomicparadigm
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Analysis on the impact of investments, energy use and domestic material consumption in changing the Romanian economic paradigm

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