"The pessimistic scenario is based on the current rate of growth of the capital stock of 1%. From the graph of the cumulative function of the impulse-response it can be observed that, in a year, this rate would lead to an increase in GDP of 0,95 percentage points/year. The realistic scenario is based on an increase in the capital stock by 3 percentage points. This contribution would lead to support the current trends of Romanian economy and hence to a sustained growth of GDP 2.85 - 3 pp/year. Also, the forecasts made available by the European Commission for Romania show a rate of annual increase for 2015 and 2016 of approximately 2.7 and 2.9 percent and incorporates the new investment contribution", as shown in the document.
For more information, please see the Romanian version of the article, here.
