The Influence on The Performance of The Real Estate Market From Romania: Panel Data Analysis

The coronavirus pandemic has left its mark on the Romanian economy further affecting all social and economic activities for long time to come. This unforeseen event has posed a serious challenge for both health and socio-economic systems across countries worldwide. In this global framework characterized by lack of control and appropriate means to combat the spread of the virus, the Romanian authorities tried to manage using their own resources and experience to combat the negative effects generated by the medical crisis. The aforementioned, form the landscape in which we want to analyze the evolution of two important macroeconomic indicators and their influence upon companies from the real estate sector, listed on the Bucharest Stock Exchange. By using an econometric model, we analyzed the correlation between firms’ turnover – as dependent variable – and GDP, along with unemployment rate – as independent variables. Econometric results indicate that the variables considered in the model are significant statistically, and the estimators obtained are robust.