Is economic growth sustainable in Romania?

The last events which took place after the 1st January 2007 and Romania’s admission in the European Union imply a sustainable and continuous economic growth, in order to reduce economic and social disparities between our country, EU average and other EU members, through a mobilization of the intern capital and labour force potential. Given this context, the paper aims at identifying and explaining, through a retrospective analysis, GDP fluctuations and tries to evaluate, using the aggregate supply-demand model, the contribution of each structural element in GDP formation and increase. Finally, the article proposes directions of action for continuing the sustainable development of Romania and reducing the gaps between this country and other EU members.nominal GDP, real GDP, aggregate demand, aggregate supply, growth factors

Romania and foreign direct investment

Thanks to a level of growth in foreign investment, the gap is narrowing between Romania and other East European countries like the Czech Republic, Poland and Hungary, countries normally considered the preferred choice of foreign investors. In the last years, Romania has become a more appealing target for an increasing number of foreign investors. After its accession in NATO in 2004 and in European Union in 2007, Romania positioned itself very firmly within the Euro - Atlantic zone, with all political, economical and military consequences deriving from it.foreign direct investment, economic growth, economic integration

Implications of wage bargaining systems on regional differentiation in the European Union

The theoretical literature has argued that a centralized wage bargaining system may result in low regional wage differentiation and high regional unemployment differentials. The empirical literature has found that centralized wage bargaining leads to lower wage inequality for different skills, industries and population groups, but has not investigated its impact on regional wage differentiation. Empirical evidence in this paper for EU regions suggests that countries with more coordinated wage bargaining systems have lower regional wage differentials, after controlling for regional productivity and unemployment differentials.regional wage differentiation, wage bargaining system, regional unemployment differentials, regional productivity differentials

Is China’s economic growth a danger for others economies?

Extrapolating past real GDP growth rates into the future, the size of the Chinese economy surpasses that of the U.S. in purchasing power terms between 2012 and 2015; by 2025, China is likely to be the world's largest economic power by almost any measure. The extrapolations are supported by two types of considerations. First, China’s growth patterns of the past 25 years since the beginning of economic reforms match well those identified by standard economic development and trade theories (structural change, catching up, and factor price equalization).max. economic growth, growth accounting, growth forecasts, development theories, human capital formation

The reconstruction of the institutional system during the process of transition to the market economy

In the socio-economic system, the institutions represent a real structural frame on which the entire economic edifice is standing, inclusively the mechanism of functioning of the economy. The economic processes cannot take place in a normal way without an institutional system made up of a complex network of rules and organizations. Because the transition to the market economy also implies the edification of a new institutional system based on new principles and realities, one also imposes a theoretical and practical analysis of the institutions, of their transformation and adaptation to the new circumstances in order to make the normal economic life possible.institutional system, transition, reform, privatization

The Costs of the Sustainable Development at the Beginning of the 3rd Millennium

Presently the climate changes at a global level show, from the point of view of the effects that they generate a great importance. The real threat for the human survival is not the terrorism, but the climate changes determined by the global warmth. In this article starting from the definition of the concept sustainable development and of the theoretical preoccupations and practices from this field, we would like to approach some aspects related to the costs that the humankind has to bear at the beginning of this millennium in order to fight against the global warming. The different environment projects are very expensive and produce effects in time. Because, these projects were not treated as they should be, the humankind faces now a situation where important financial resources have to be used in order to solve the environment problems. In other words, one has to solve the environment problems from the past in order to produce in a competitive way for the future.sustainable development, Kyoto protocol, carbon credits

THE CORRELATION BETWEEN RESEARCH & DEVELOPMENT AND THE ECONOMIC GROWTH IN ROMANIA

The increasing productivity of production factors, due to progresses in science and technology is today the engine of economic growth. The economic theory managed to endogenize the technical progress, first as a result of the unintended activities of firms, then as the result of profit driven behaviour of economic agents. In globalization the stock of knowledge becomes available also to developing countries and the production technologies and their employment are more democratic regarding the availability. For the developing countries it still remains the problem of financial resources and availability. Developing new technologies has a prohibitive costs, at least until the moment in which large scale production allows for the reduction of costs. Long term economic growth will depend on the creation of global technology stock, including the leverage effect of sustained R&D. In this paper we will approach the progress of Romania in the area of knowledge base economy, especially regarding the policies in the R&D sector.knowledge economy, economic growth, research&development

Is economic growth sustainable in Romania?

The last events which took place after the 1st January 2007 and Romania’s admission in the European Union imply a sustainable and continuous economic growth, in order to reduce economic and social disparities between our country, EU average and other EU members, through a mobilization of the intern capital and labour force potential. Given this context, the paper aims at identifying and explaining, through a retrospective analysis, GDP fluctuations and tries to evaluate, using the aggregate supply-demand model, the contribution of each structural element in GDP formation and increase. Finally, the article proposes directions of action for continuing the sustainable development of Romania and reducing the gaps between this country and other EU members

Is economic growth sustainable in Romania?

The last events which took place after the 1st January 2007 and Romania’s admission in the European Union imply a sustainable and continuous economic growth, in order to reduce economic and social disparities between our country, EU average and other EU members, through a mobilization of the intern capital and labour force potential. Given this context, the paper aims at identifying and explaining, through a retrospective analysis, GDP fluctuations and tries to evaluate, using the aggregate supply-demand model, the contribution of each structural element in GDP formation and increase. Finally, the article proposes directions of action for continuing the sustainable development of Romania and reducing the gaps between this country and other EU members

Romania and foreign direct investment

Thanks to a level of growth in foreign investment, the gap is narrowing between Romania and other East European countries like the Czech Republic, Poland and Hungary, countries normally considered the preferred choice of foreign investors. In the last years, Romania has become a more appealing target for an increasing number of foreign investors. After its accession in NATO in 2004 and in European Union in 2007, Romania positioned itself very firmly within the Euro - Atlantic zone, with all political, economical and military consequences deriving from it