Interest Rates and Economic Growth in Romania: Is There Cointegration?

Abstract This study aims to investigate the potential existence of a cointegration relationship between Romania’s gross domestic product (GDP), credit interest rates charged by financial institutions, and benchmark rate set National Bank Romania (NBR). The identification long-term these variables is considered be significant importance as it may provide deeper understanding interactions GDP dynamics in Romania. To achieve this objective, we employed robust econometric methodology, utilizing well-established widely-used techniques for capturing statistical relationships. Careful consideration was given manipulation macroeconomic data order ensure validity reliability analysis. results our analysis reveal that there no statistically evidence GDP, rates, NBR. finding suggests interaction complex influenced other variables. Further research should focus on factors gain more comprehensive