Article

 

Political changes and economic development in Romania (p.89-105)

by

Carmen Pintilescu, “Alexandru Ioan Cuza” University of Iasi, Romania

Daniela Viorică, “Alexandru Ioan Cuza” University of Iasi, Romania

Dănuţ Jemna, “Alexandru Ioan Cuza” University of Iasi, Romania

Keywords : Electoral cycle, Economic growth, Budget balance

JEL classification : E20, E24, E63

Abstract

The insurance of the real convergence of Romanian economy with the economy of the European countries was strongly influenced by the economic unbalances that had occurred throughout the period 1990-2009. The sustained economic growth was, nevertheless, accompanied by greater budgetary deficits. The size of these unbalances was also accentuated by the fiscal and salary policies wrongly adopted during the electoral years. The current paper aims at studying the correlation between the budget balances and the electoral cycles registered in Romania during 1990-2009.