INFLUENCE OF THE EXPORTS AND OF THE INVESTMENTS ON THE STEADY-STATE OF THE REAL GDP. ANALYSIS BASED ON A PANEL

This study makes an analysis regarding the influence of the investments, of the exports and of the economy's opening degree upon the real GDP, in the case of a panel for ten European Union countries (eight from the Central and Eastern Europe and two cohesion countries - Ireland and Spain). As well, we have tested the co-integration relationship between these variables and also the Granger type causality for these ten economies. The results have shown that there is a sensitivity of the real GDP to the short-term variation of those variables, rather than a long-term one.