Quantitative Aspects of the Gap between Romania and the European Union

Abstract

GDP per capita is an indicator that can be used in performance for international comparisons performance and which will provide information on the existence of differences of development. In this study we aim to determine the current position of Romania, starting from the evolution of GDP per capita in Romania and the EU average foreshadowed during 1990-2013 years. Taking into account the position of our country at the pole of poverty in the EU, we want to quantify the changes that have recorded growth rates, so Romania to reach the EU average. We pay special attention to the analogy by extrapolation method that can quantify the evolution of the gap, expressed in time, and thus, we use the parabolic functions.

Keywords

• GDP per capita; time series; extrapolation by analogy