Economic Growth Drivers in Romania: Evidence from a NARDL Analysis

The present study examined the impact of foreign direct investment, trade, final consumption expenditures, exports and imports goods services on Romanian economic growth. used yearly data ranging from 1990 to 2020, stationarity was checked using unit root testing. An asymmetric (non-linear autoregressive distributed lag) technique employed examine relationship between variables with estimation short-run long-run analysis. findings analysis show that trade expenditures positively impacted growth in Romania through positive negative shocks. Further, evidence also uncovered investment adversely influenced growth, while variable revealed a significant influence via shock. Imports exposed association shock relation Similarly, shocks, showed linkage. Exports substantial shock, linkage Foreign have detrimental Romania’s In order execute right policies solve uncertainties boost conservative measures are required.