Jump to ContentJump to Main Navigation
Show Summary Details
More options …

ECONOMICS

Innovative and Economic Research Journal

2 Issues per year

Open Access
Online
ISSN
2303-5013
See all formats and pricing
More options …

The Implications of Saving and Investment Balance on Economic Growth of the Republic Of Moldova

Ph.D. hab. Associate Professor Rodica Perciun
  • Corresponding author
  • National Institute for Economic Research of ASM, Chisinau, Republic of Moldova
  • Other articles by this author:
  • De Gruyter OnlineGoogle Scholar
/ Tatiana Petrova
  • Scientific Researcher, National Institute for Economic Research of ASM, Chisinau, Republic of Moldova
  • Other articles by this author:
  • De Gruyter OnlineGoogle Scholar
/ Ph.D. Scientific Researcher Corina Gribincea
Published Online: 2017-12-29 | DOI: https://doi.org/10.1515/eoik-2017-0025

Summary

The saving and investment balance can ensure the stability of the financial market. The aim of the study is to analyse the dynamics of the saving-investment balance in the Republic of Moldova and its impact on economic growth. The role and possibilities of attracting foreign investments into fixed assets are presented. The indicator of investment growth with a low level of gross savings is a signal or a harbinger of a decline in economic growth. According to the National Bank of Moldova, legal export of capital from the Republic of Moldova takes only a small part in the process of export of capital. The leading role in the mechanism of transformation of savings into investment should belong to BNM.

Keywords: savings; investments; economic growth; financial stability; capital outflow

References

  • 1. Capital Flows to Emerging Markets Brighter Outlook https://enterprise.press/wp-content/uploads/2017/06/IIF-EM-report.pdfGoogle Scholar

  • 2. International Monetary Fund http://data.imf.org/PubMedGoogle Scholar

  • 3. McKinsey & Company https://www.mckinsey.com/Google Scholar

  • 4. National Bank of Moldova http://bnm.md/Google Scholar

  • 5. National Bureau of Statistics of the Republic of Moldova www.statistica.mdGoogle Scholar

  • 6. Perciun R. (2014) Implicaţiile balanţei de plăţi asupra stabilităţii financiare a RM. International Conference “Perspective Europene Ale Pieţei Muncii. Inovare, Competenţe, Performanţă”, Bucharest, Romanian Academy, National Institute for Economic Research „Costin C. Kiriţescu”, Institute for Economic Forecasting. http://econpapers.repec.org/paper/rjrwpconf/141103.htm, Google Scholar

  • 7. Shneider B. (2003) Measuring Capital Flight: Estimates and Interpretations. Overseas Development Institute, London, p.9 https://www.odi.org/sites/odi.org.uk/files/odi-assets/publications-opinionfiles/2432.pdfGoogle Scholar

  • 8. Бланшар О. (2010) Макроэкономика. М.: Издательский дом Государственного университета - Высшей школы экономики: Глава 11. Сбережения, накопление капитала и ВВП. с. 233 -254. ISBN978-5-7598-0556-4Google Scholar

  • 9. Перчун Р., Петрова Т. (2014) Финансовая безопасность Республики Молдова, LAP Lambert Academic Publishing, Germany, 119 p, ISBN: 978-3-659-45754-8, 2014Google Scholar

  • 10. Сенчагова В.К. (2005) Экономическая безопасность России: Общий курс: Учебник / 2-е изд. - М.: Дело, 896 с. ISBN 5-7749-0391-5.Google Scholar

  • 11. Федоров В. (2006) Рост без развития, Журнал Современная Европа, issue 2, p.5-29 http://www.sov-europe.ru/2006.htmGoogle Scholar

About the article

Received: 2017-11-14

Revised: 2017-11-14

Accepted: 2017-11-16

Published Online: 2017-12-29

Published in Print: 2017-12-20


Citation Information: ECONOMICS, Volume 5, Issue 2, Pages 103–115, ISSN (Online) 2303-5013, DOI: https://doi.org/10.1515/eoik-2017-0025.

Export Citation

© 2018. This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License. BY-NC-ND 4.0

Comments (0)

Please log in or register to comment.
Log in