Archive | Economics

Applied economics is a term that refers to the application of economic theory and analysis.

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Electricity Consumption and Economic Growth in Emerging Economies

Emerging economies have grown much faster than the advanced countries during the past decades. This study investigates the relationship between economic growth and electricity consumption in the emerging economies during the period 1970-2011 by using Pedroni, Kao and Johansen co-integration tests and Granger causality tests. We found that electricity consumption had a positive impact on […]

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Posted in Economics, Knowledge Management, Volume IV, Issue no. 2

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The Strategies and Barriers of Career Development for Young Doctors in Romania – An Overview of the Romanian Medical System

The main purpose of the paper is to illustrate the actual and current situation of the human resources within the Romanian medical system. The objective is to reflect the main aspects regarding the beginning and the development of the medical career for the young doctors in Romania. Furthermore, we will reveal the results of a […]

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Posted in Economics, Volume IV, Issue no. 2

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Importance of the Application of International Accounting Standards in Kosovo Businesses

The adoption of International Accounting Standards (IAS) is an example of accounting standardization among countries with different institutional frameworks and enforcement rules. IAS, though, create a common language for defining, interpreting and publication of financial statements in the whole world. Furthermore, their aim is “to provide a standardized and coherent sight of the companies to […]

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Posted in Economics, Volume IV, Issue no. 2

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The Role of FDI Inflow on the Post – Communist Albania’s Economic Growth

In this study we assess the role of FDI inflow on the post-communist Albania’s economic growth. The country has experienced a satisfactory growth rate during the transition period to market economy that followed the collapse of communism in the early 1990s. The opening of the country to the foreign world has been accompanied by a […]

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Posted in Economics, Knowledge Management, Volume IV, Issue no. 2

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Cointegration and Causality between Economic Growth and Social Development in Saudi Arabia

This paper presents an attempt to examine the causal relationships between economic growth and social development in Saudi Arabia between 1980 and 2011. For that, statistical and econometric techniques, such as unit root test, cointegration and Granger Engels causality through Vector Error Correction Model (VECM) are applied. Based on the aggregation of several indicators to […]

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Posted in Economics, Volume IV, Issue no. 2

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Sustainable Urban Development

The urban environment is becoming the host for most of people around the world. Therefore, the concern regarding the environmental challenges is increasing and the range of solutions is widening. Various combinations of these solutions are proposed as models of urban sustainability and some of them are supported by governmental policies. Integrated urban development and […]

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Posted in Economics, Volume IV, Issue no. 2

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Heterogeneity of Capital Stocks in Japan: Classification by Factor Analysis

This paper examines the heterogeneity of capital stocks using financial statement data of publicly listed Japanese firms. We conduct factor analysis on investment rates among various capital goods and estimate factor loadings of each as its reactions to common factors like total factor productivity (TFP) shocks. Then we estimate the uniqueness for each investment rate, […]

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Posted in Economics, Volume IV, Issue no. 2

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Adaptive Management on Danube Delta’s Biodiversity

Biodiversity is a heritage of life that could hold the information needed for the wellbeing of human kind. The challenge of biodiversity preservation was addressed by various management solutions, the newest being the adaptive management. The paper aims to give insights for the application of adaptive management and to reveal its potential for increasing the […]

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Posted in Economics, Knowledge Management, Volume IV, Issue no. 2

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The Effect of Exchange Rate Fluctuation on Trade Balance: Empirical Evidence from Saudi Arab Economy

Fluctuation of the exchange rate has a different unwanted implication towards the economic growth. The right choice of exchange rate regime will bring an economy back to the equilibrium and many economists claim that it is one of the factors for the positive economic development. In contrast, a long term fluctuation of the real exchange […]

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Posted in Economics, Volume IV, Issue no. 1

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The Digital in Store and the Re-Enchantment of the Customer Experience: What Impact on the Immersion in the Experience of Consumption?

Henceforth, the retailers estimate that the digital transformation of their enterprises manipulates two levers of performance notably: the customer’s relations and the turnover. They use some digital technologies to personalize the consumer’s experiences and to offer to the customers the possibility to make the self-service and to dive in an exceptional experience. The demonstration of […]

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Posted in Economics, Information Technology, Knowledge Management, Volume IV, Issue no. 1

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The Influence of Communism on Ethical Decision Making

Previous studies have shown that communism follows different patterns in different countries around the world. China and Vietnam, where officials have jettisoned or abandoned many of the original basic tenets of communism, have been the world’s two fastest growing economies over the past two decades. This paper focuses on the Communist Vietnam where in comparison […]

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Posted in Economics, Volume IV, Issue no. 1

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Strategies Regarding the Sustainable Development of Agriculture in Romania in Terms of Climate Risk

Climate change suppression in agriculture is a priority objective of EU Member States strategic development activities. The interdisciplinary nature of these activities involves a comprehensive approach by identifying and linking development activities and intra and inter-sectorial implementation measures with the response to the effects of climate change. The complex effects of climate change on agriculture […]

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Posted in Economics, Volume IV, Issue no. 1

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Governance and Investment in the Valuation of Natural Resources

Natural resource management regarding the economic development while respecting the imperatives of compliance with environmental quality is not an easy task. In this paper the authors highlight the role of good governance and investment management in finding the optimal decision regarding the valuation strategy of limited natural resources. Criteria used type of information that is […]

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Posted in Economics, Volume IV, Issue no. 1

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Model for Estimating the Potential of Social Networking Sites Usage in Tourism Industry in Bosnia and Herzegovina

Social networking has taken contemporary business experiences to a new level that cannot be compared with anything that happened so far. Tourism industry and travel booking activities have significantly benefited from such development. Potential travelers can communicate with tourist agencies and operators through social networking sites as well as with tourists who already have visited […]

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Posted in Economics, Information Technology, Volume IV, Issue no. 1

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Strategies of Drinking Beer from Traditional to Experiential Marketing – Bergenbier Case Study

This paper aims to discuss interesting experiential strategies of a specific European beer brand (Bergenbier) that maintained the balance between traditional and experiential marketing. My hypothesis is that the relationship between both types of marketing should be analysed from two angles: either commercials no longer focus on product features, but rather on events; or the […]

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Posted in Economics, Volume IV, Issue no. 1

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Empirical Evidence of Fiscal Policy Impact on Endogenuos Models of Economic Growth – the Case of Albania

According to Mankiw (2000), fiscal policy in major macroeconomic models adversely affects the behavior of private agents as consumers and firms and they affect economic growth through investment and savings decisions. Increasing government spending will increase the aggregate demand for goods and services and money demand in the money market leading to an increase of […]

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Posted in Economics, Volume IV, Issue no. 1

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Macroeconomic Variables and the Dynamic Effect of Public Expenditure: Long-term Trend Analysis in Nigeria

The paper investigates the long-run relationship between government expenditures and a set of macroeconomic variables (GDP, consumer price index and unemployment) using annual data collected from CBN statistical bulletin for a period of 19891 to 2011. It particularly adopts Johansen multivariate co integration for its estimation procedure and discovers that there is long-run relationship between […]

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Posted in Economics, Volume III, Issue no. 6

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Using Social Network Analysis to Analyze Collaboration in Batik SMEs

As a creative industry, batik industry should always create a breakthrough in the form of innovative batik motifs to attract buyers. Manufacturers of batik in Indonesia are batik SMEs with very simple organization and management. However, they are in a competitive business environment that threatens their survival. In order to continue to create innovative products, […]

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Posted in Economics, Volume III, Issue no. 6

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Trade Openness and Inequality

This paper is intended to test the effect of trade openness on inequality of wage distribution in Tunisia. The study through econometric estimates showed that the impact of openness on inequality is remarkable in the period marked by an intensive integration into the global economy. However, investment in human capital can have a positive effect […]

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Posted in Economics, Volume III, Issue no. 6

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The Corporate Insolvency’s Evolution in the EU and India in the Period 2007-2012

This article’s goal is to compare the impact of the global economic crisis on the corporate insolvency’s evolution in the EU and India in the period 2007- 2012. We want to highlight India’s position compared to the European Union in terms of time, cost of insolvency and recovery rate and to propose specific measures to […]

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Posted in Economics, Volume III, Issue no. 6

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Accounting – a Pivot of the Business Performance?

We decided to approach this topic, because we consider it as highly topical in the context in which the general business environment suffers notable changes due to new trends in the economic, social and political trends worldwide. In formulating the answer to the question that is actually the title of this paper, we start from […]

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Posted in Economics, Volume III, Issue no. 6

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Perceived Usefulness and Use of Information Technology: the Moderating Influences of the Dependence of a Subcontractor towards His Contractor

The perceived usefulness is a concept that has been used by several authors in different fields of study. The analysis of these studies shows, as suggested by Davis (1989), that when the individual perceives the information and communication technologies (ICT) to improve his performances, he uses them more frequently in his daily activities at work. […]

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Posted in Economics, Volume III, Issue no. 6

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Comparative Analysis of Energy Sectors in Some Countries of Eastern Europe

The analysis of energy sectors of countries all over the world is vital in a context of globalization and economic, social and environmental crises, because represents a way of identifying the problems and finding solutions that were implemented and worked in other countries. Our paper aims to compare the energetic sector of 6 Eastern European […]

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Posted in Economics, Volume III, Issue no. 6

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Understanding Industrial Innovation and Upgrade from Modularization’s Perspective

In the era of globalization and information technology, modularization is an approach to solve economic system complexity and the essence of new industrial structure. The source of industrial innovation comes from technology and organization modularization and system integration. Industrial upgrade takes effect through interaction of the following factors: competition of modular firms, knowledge creation, knowledge […]

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Posted in Economics, Volume III, Issue no. 6

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An Assessment of Demand for Imports through the VECM Model

This chapter analyses the factors that affect the demand for imports in Albania during the period 1999-2011. This paper use an error correction model to measure the elasticity of import flows of goods in Albania, related to real demand, developments in trade liberalization, and transfers from abroad and fluctuations in the value of currency; as […]

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Posted in Economics, Volume III, Issue no. 6

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Legal Regime of Shale Gas Extraction

Some countries with large reserves intend to promote shale gas production, in order to reduce their dependency on imported gas. Shale gas will be an important new aspect in the world energy scene, with many effects. European Union wants secure and affordable sources of energy. Natural gas is the cleanest fossil fuel and a vital […]

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Posted in Economics, Volume III, Issue no. 6

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Growth and the Enlargement of a Common Market

This paper explores the growth effects of the enlargement of a common market from two to three countries by making use of a three-country equilibrium growth model with heterogeneous labour. We prove that the enlargement will stimulate the backward countries’ economic growth. In addition, we also demonstrate that the higher the new member country’s average […]

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Posted in Economics, Volume III, Issue no. 6

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Case Study on Analysis of Financial Statements at a Furniture Manufacturer

Analysis of the financial statements of a company is an important means to obtain information about how the company operated in the previous period. Interpretation of the evolution of financial indicators does not always prove to be easy, requiring multiple calculations and combined approaches, while the knowledge and understanding of type of business reviewed are […]

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Posted in Economics, Volume III, Issue no. 5

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Brand Alliance, a Strategy to Enter New Markets and a Tool for Positioning

Brand alliance has emerged in the last two decades as a form of cooperation between two or more established brand names and has expanded as a business strategy to include both the production/ service sectors. This strategy is taking different forms; the most common one is co-branding which involves associating a single product with more […]

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Posted in Economics, Volume III, Issue no. 5

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Tourism Planning in Urban Areas – Trends, Best Practices and Priorities in Bucharest

Urban tourism is an old concept having its origin in antiquity, especially when existing ports were frequented at the time. Even though we cannot say that at that time tourism was a concept clearly defined, it is common practice for a few millennium particularly in the Mediterranean area (Greece, the Roman Empire, and Egypt) and […]

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Posted in Economics, Volume III, Issue no. 5

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Complicated Relationships among Audit Committee Independence, Nonfinancial and Financial Performance

The relationships among the audit committee independence, nonfinancial performance and financial performance are quite complicated. They are not simply bivariate correlations. Rather, there may be mediating effects or moderating influences on these casual associations. Nonetheless, previous research has not investigated these complicated relationships. This paper seeks to examine the mediating impact of nonfinancial performance on […]

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Posted in Economics, Volume III, Issue no. 5

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Strategic Planning in Universities from Pará, Brazil. Contributions to the Achievement of Institutional Objectives

This article aims to show to what extent strategic planning performed by Brazilian universities from the State of Pará has contributed, whether positively or negatively, to achieve institutional objectives. The research can be classified as explanatory with features of a qualitative multi-case study because it seeks to explain casual relationship between strategic planning and institutional […]

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Posted in Economics, Knowledge Management, Volume III, Issue no. 4

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Relative Value and Principles of Servicity

Paper aims at defining the value, taking conceptual ideas from the service economy, and at designing main conceptual criteria for correcting of routine approach in economics. It is built as a theoretical questioning and debate, starting with reminding certain issues from the Mercantilist and Physiocrat economic thought. The servicity view is thus reasoned, i.e. the […]

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Posted in Economics, Volume III, Issue no. 4

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Impact of Placement Choices and Governance Issues on Credit Risk in Banking: Nonparametric Evidence from an Emerging Market

This paper is intended to develop some conditional credit risk models through a cursory approach in which any quality deteriorations in banks’ cash credit portfolios, measured as unfavourable changes in the ratio of delinquent credits to total credits, are considered to be a signal for an increase in overall credit risk and the weights of […]

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Posted in Economics, Volume III, Issue no. 4

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Territorial Systems with Rural Vocation, Innovation and Climate Change: from the Web an Opportunity for the Sustainability of Well-Being

Well-being of the territorial systems with rural vocation can be compromised by climate change, but they also can influence, both positively than negatively, the factors that determine climate change. Starting from this dichotomous vision of the relationship between climate change and rural development, this study focuses on the role that Internet and the web mar-kiting […]

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Posted in Economics, Volume III, Issue no. 4