GROWTH POLES AND NATIONAL COMPETITIVNESS

The mainstream approach of international trade (Smith, Ricardo, Heckscher- Ohlin etc.) envisages the national economy as an heterogenous space of ressources and factors and the competitivness depends upon right chosen industrial and trade policies. This anational competitivness, competitive advantage, growth poles

On exponential stability for linear discrete-time systems in Banach spaces

In this paper we investigate four concepts of exponential stability for difference equations in Banach spaces. Characterizations of these concepts are given. They can be considered as variants for the discrete-time case of the classical results due to E.A. Barbashin [2] and R. Datko [5]. An illustrative example clarifies the relations between these concepts.Comment: Computers & Mathematics with Applications, accepted for publicatio

The Economic Size of the Banks in Romania in Times of Recession

Financial crises no matter what period we talk about, had a tremendous impact heavily on the banking companies, with major implications in the national economy. This paper analyzse the characteristics that has defined the crisis of 1929 compared with those of the current crisis, their impact on banking companies and its dimension. Banking Companies of Romania represent the core of this analysis because they operate in an immature socio-banking area, constantly changing, strongly affected by international financial turbulences. In this context, we considered of paramount importance the identification of the causes that led to the crisis broke out, the effects on the banking companies and thus over the entire economy.banking company, financial crisis, economy, causes.

Valuation of Inventories Considering the Fair Value Options

Our paper represents a pleading for fair value in the specific case of valuating inventories. The real significance and implications of fair value can only be seen after analyzing the topic from different points of view concerning all involved actors. Therefore we have based our scientific demarche on analyzing the trade literature and comparing the foresights of international regulations given by both the accounting setting bodies and the valuation setting bodies. Moreover we have followed two of the three moments which require valuation and for these moments we have selected those cases which require the using of fair value. Our opinion regarding the findings of the research is expresses by giving practical examples for the specific application of fair value and the way to reach it.Fair value, inventories, recognition, market value