Hierarchies of Asociative Dynamics, Starting From Romania’s Macro-Economic Imbalances in the EU-28. What Does Romania’s Economic Evolution in the EU-28 Look Like?

Abstract

The authors’ answer to the second part of the title question is a threefold offer. First of all, they propose to improve the classic statistical ranking methods by capitalizing on the dynamic support of data series that are essentialized by the correlation or association ratio, as a structuring variable. Secondly, they provide an original method of ranking or hierarchizing a set of associative dynamics, or correlative evolutions. Lastly, they offer a disaggregation into partial equilibria turned into the analysis criteria of the general equilibrium theory through Nicholas Kaldor’s magical square, which became the magic rectangle of Lionel Stoléru’s strategy. All these three contributions are made in the standardized format of the sections of a paper of economic, statistical and econometric research.

Keywords

• macroeconomic equilibrium
• magic quadrant or square
• associative dynamical hierarchy
• correlation matrix
• econometric model
• determinant coefficient