Anamaria Geanina Macovei


This paper presents the influence of the consumer price index on the economic growth of Romania over a period of 28 years, based on the annual data, 1991-2018. The increase of the values of the gross domestic product ensures a sustainable economic growth in Romania. It is proposed to use the cubic analysis model. The results obtained from the analysis show the influence of the consumer price index (CPI) on the gross domestic product (GDP).



consumer price index, gross domestic product, cubic model


Anghelache, C., Gheorghe, M., (2012) Using the GDP deflator in the process of transition to market economy, Romanian Statistical Review, Supliment II/2012, ISSN: 1018-046X;;

Dougherty, C., (2011) Introduction to Econometrics, Oxford University Press, ISBN 978-0199567089;

Fritsche, U., Kuzin, V., (2011) Analysing convergence in Europe using the non-liniar single factor model, Empir Econ, 41, 343-369, DOI 10.1007/s00181-010-0385-4;

Jemna, D. (2012), Econometrie, Editura Sedcom Libris, Iaşi, ISBN 978-973-670-491-8;

Kicsi, R., Pascu, P., (2013) Country Risk Parameters: Information For Knowledge Base In The Implementation Of Expert Systems, SAVAP International, Vol.4, no.4, ISSN: 223-9944;

Macov ei, A. G., Scutaru L., (2016). The impact of inward FDI on trade: evidence from Romania, Academic Research International, ISSN: 2223-9944, e ISSN: 2223-9553, Vol. 7(4) September, 95-105,;

Macovei, A.G., Balan, I. (2009), Econometric analysis on the influence of different factors over the share of turnover in tourism, The USV Annals of Economics and Public Administration, Vol. 9, No 1, 297-306;

Lupu, D., Sirghi, N., Asandului, M., (2015). Considerations regarding the inflation’s evolution in central and eastern Eurepean countries, Transformations in Business & Economics, vol.14, No. 2A (35A), 329-342;

Nash, J., The GDP Deflator and Consumer Price Index,

O’Donnell, C. J., (2014), Econometric estimation of distance functions and associated measures of productivity and efficiency change, Journal of productivity analysis, 41, 187-200, DOI 10.1007/s11123-012-0311-1;

Pascu, P., (2010), The Stages of implementation of the SSADM system in the government institutions, Journal of Applied Computer Science & Mathematics, issue 2, Vol. 4, ISSN: 2066-4273;

Pintilescu, C., Asandului, M., Viorică, E. D., Jemna, D., (2016). Investigation on the causal relationship between inflation, output growth and their uncertainties in Romania, Review of Economic and Business Studies, Volume 9, Issue 1, Pages 71– 89, ISSN (Online) 2068-7249, DOI: 10.1515/rebs-2016-0026;

Pintilescu C., Airinei, D., Baciu, I.C., Viorica, D., (2015). Stochastic Models for the Inflation Rate in Romania, Transformations in Business & Economics, vol.14, No. 2A (35A), 2015, 343-359;

Sarel, M., (1995). NonLinear Effects of Inflation on Economic Growth, IMF Working Paper No. 95/56;

Scurtu, L.E., Moroșan G., (2019) Women’s contribution to Romania’s GDP creation, EcoForum, vol 8, nr. 1, 2019,;

Ţigănescu, E., Roman, M., (2002). Analiză macroeconomică, Editura ASE,;

Vlad, S., Balan, I., (2018). Kalman Filters for Estimating the potential GDP, Journal of Applied Computer Science & MathematicsIssue 1, (Vol. 12) / 2018,;

Vojinović, B., Oplotnik, Ž. J. (2008). Real Convergence of GDP per Capita in the New EU Member States, Transformations in Business & Economics, Vol. 7, No. 1 (13), 89-103;



Full Text: PDF

Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.