FDI And Economic Growth. Evidence From Simultaneous Equation Models

This paper analyses whether foreign direct investments have an impact on the Romanian economic growth. By means of simultaneous equation methods we obtained evidence of the bi-directional connection between the two, meaning that incoming FDI stimulates economic growth and, in its turn, a higher GDP attracts FDI. Two methods were used in performing the analysis, one considering the relation between the share of FDI in GDP and economic growth in a five-equation system and the second considering the levels of FDI and GDP, respectively, in a two-equation system.foreign direct investment, economic growth, simultaneous equation models

SPURIOUS REGRESSION AND COINTEGRATION. NUMERICAL EXAMPLE: ROMANIA’S M2 MONEY DEMAND

Economic time series are, in their vast majority, integrated series so, their modelling procedure stumbles upon the problem of spurious regression. When existent, cointegration is the simplest way of eliminating the illogical correlation established between time series due to the presence of trends. The analysis of macroeconomic time series through cointegration is a common fact. Modelling the Romanian M2 money demand through cointegration and vector error correction led to somewhat significant results being a starting point for future, more complex research.spurious regression, cointegration, money demand, error correction mechanism.

Capture and Reuse of Knowledge in ICT-based Decisional Environments

Health care practitioners continually confront with a wide range of challenges, seeking to making difficult diagnoses, avoiding errors, ensuring highest quality, maximizing efficacy and reducing costs. Information technology has the potential to reduce clinical errors and to im-prove the decision making in the clinical milieu. This paper presents a pilot development of a clinical decision support systems (CDSS) entitled MEDIS that was designed to incorporate knowledge from heterogeneous environments with the purpose of increasing the efficiency and the quality of the decision making process, and reducing costs based on advances of in-formation technologies, especially under the impact of the transition towards the mobile space. The system aims to capture and reuse knowledge in order to provide real-time access to clinical knowledge for a variety of users, including medical personnel, patients, teachers and students.Clinical Decision Support Systems, Knowledge Management, Knowledge Interoperability, Mobile Interface, Object-relational Mapping

Emergent Frameworks for Decision Support Systems

Knowledge is generated and accessed from heterogeneous spaces. The recent advances in in-formation technologies provide enhanced tools for improving the efficiency of knowledge-based decision support systems. The purpose of this paper is to present the frameworks for developing the optimal blend of technologies required in order to better the knowledge acquisition and reuse in large scale decision making environments. The authors present a case study in the field of clinical decision support systems based on emerging technologies. They consider the changes generated by the upraising social technologies and the challenges brought by the interactive knowledge building within vast online communities.Knowledge Acquisition, CDDSS, 2D Barcodes, Mobile Interface

Regional economic development supported by sustainable tourism

The subject of sustainable tourism has been increasingly discussed in recent years because the complex connection between the environment and the economy has been acknowledged, and there is a pressing need for the integration of these two components, which means the foundation on the premises of a deep and lasting development, which generates a positive impact on society as a whole. According to the specialized literature, the paradigms in the tourism industry are changing. This shows what are the challenges facing the tourism sector today and requires special attention from the authorities and the economic agents involved, who must guide this industry towards a sustainable development in the future.Taking these findings as a starting point, we proposed for our research to highlight, in the first part, the role of tourism on the regional development and secondly the measurement of the impact of tourism, practiced intensively and extensively, on the environmental factors through a series of qualitative and quantitative indicators, highlighted the fact that the damage of the environment over time implicitly leads to the damage of the economic growth. The results of the research allowed us to formulate, in the conclusions part, several directions of action to be followed by regions with a well-developed economy as well as less developed ones, in order to boost tourism activity in the new context of respecting the environmental factor.info:eu-repo/semantics/publishedVersio

Implementing and Running a Workflow Application on Cloud Resources

Scientist need to run applications that are time and resource consuming, but, not all of them, have the requires knowledge to run this applications in a parallel manner, by using grid, cluster or cloud resources. In the past few years many workflow building frameworks were developed in order to help scientist take a better advantage of computing resources, by designing workflows based on their applications and executing them on heterogeneous resources. This paper presents a case study of implementing and running a workflow for an E-bay data retrieval application. The workflow was designed using Askalon framework and executed on the cloud resources. The purpose of this paper is to demonstrate how workflows and cloud resources can be used by scientists in order to achieve speedup for their application without the need of spending large amounts of money on computational resources.Workflow, Cloud Resource

Capture and Reuse of Knowledge in ICT-based Decisional Environments

Health care practitioners continually confront with a wide range of challenges, seeking to making difficult diagnoses, avoiding errors, ensuring highest quality, maximizing efficacy and reducing costs. Information technology has the potential to reduce clinical errors and to im-prove the decision making in the clinical milieu. This paper presents a pilot development of a clinical decision support systems (CDSS) entitled MEDIS that was designed to incorporate knowledge from heterogeneous environments with the purpose of increasing the efficiency and the quality of the decision making process, and reducing costs based on advances of in-formation technologies, especially under the impact of the transition towards the mobile space. The system aims to capture and reuse knowledge in order to provide real-time access to clinical knowledge for a variety of users, including medical personnel, patients, teachers and students

Emergent Frameworks for Decision Support Systems

Knowledge is generated and accessed from heterogeneous spaces. The recent advances in in-formation technologies provide enhanced tools for improving the efficiency of knowledge-based decision support systems. The purpose of this paper is to present the frameworks for developing the optimal blend of technologies required in order to better the knowledge acquisition and reuse in large scale decision making environments. The authors present a case study in the field of clinical decision support systems based on emerging technologies. They consider the changes generated by the upraising social technologies and the challenges brought by the interactive knowledge building within vast online communities

Technologies for the Reduction of Nitrogen Oxides Emissions

When it comes to gas turbines, their main problem concerning pollutant emissions is represented by nitric oxides. Among other emissions, sulphur oxides being much reduced due to the use of liquid distilled and gas fuels with a low content of sulphur. Using water or steam injection became the favourite method during the '80s and especially the '90s since "dry" methods and catalytic reduction were both at the beginning of the development phase. Catalytic convertors have been used since the '80s and they are still used although the costs of renewing the catalyst are very high. In the last twenty years a gradual decrease has been registered on the limits of nitric oxides from 75 ppm to 25 ppm, and now the target is oriented towards the 9 ppm level. The evolution of burning technologies of combustion makes it possible to control the level of production of nitric oxides even from the source without being necessary to use "humid" methods. This, of course, opened the market for gas turbines because they can function even in areas with limited quality water reserves, such as maritime platforms and in the desert. In this paper, we are going to show that, although water injection is still used, "dry" control technologies of burning became favourite methods for the majority of users on the industrial power generators market. The great dependency between the creation of nitric oxides and the temperature reveals the effect of direct water or steam injection on reducing nitric oxides. Recent research showed that a reduction up to 85% of nitric oxides may be obtained by using the water or steam injection all together with the improvement of aerodynamic character of the burning room

How Lifestyle, Professional and Financial Criteria Influence Students’ Personal Vision to Become Entrepreneurs. Evidence from Romania

A personal vision is a picture of what success looks like, an idea of what people want to achievewith their lives. It influences all areas including family, well-being, leisure, morality and work. Thepurpose of this paper is to investigate different aspects that can define the personal vision of astudent who wants to start his business in the near future. The authors analysed personal visionthrough the prism of some variables identified in 3 sections: lifestyle, professional and financialcriteria, using SPSS 20.0 Software. The results pointed out that there is a relationship between thenumber of hours worked in the maturity phase of a business and the students’ priority, but alsobetween the value of personal investment and the value for the desired profit, while for those whothink that a business supports and cultivates morals, beliefs and standards, family involvement isimportant in their company running