Archive | Economics

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

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Funding Higher Education in a few EU Countries: Implications for Competition and Competitiveness in Higher Education

Public funding of higher education is an important topic within European governmental agenda, especially in times of budgetary austerity. Thus, given the challenges higher education industry faced in the last decades, the present paper aims at identifying the strengths and weaknesses of a few national funding patterns of higher education institutions (HEIs) within the European […]

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Posted in Economics, Volume V, Issue no. 1

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The Determinants of Tobacco Consumption: Evidence from Spain

The aim of this paper is to study the determinants of tobacco consumption in Spain. First, the relationship between tobacco consumption and Gross Domestic Product (GDP) in Spain is analyzed. The non-stationary and cointegration properties of these variables are studied. The findings suggest that tobacco mortality is not cointegrated with GDP. Afterwards, we model the […]

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Posted in Economics, Knowledge Management, Volume V, Issue no. 1

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The Impact of Informal Economy in the Pension System, Empirical Analysis. The Albanian Case

By using a simple model, it will be analyzed the impact that informality has in the amount of consumption of the workers during their life cycle. This paper deals with the interconnections of underreported earnings, savings and old-age pension. The workers sampled for this analysis have been divided into three groups: 1. Low income employees, […]

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

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Promotion Banking Services and Products – Factors Influencing Bank Offer Promotion among Consumers

In a still uncertain economic environment, due to the influences of the financial crisis, the most promising channel to interact with current and prospective customers is the online environment – social networking platforms. Gaining consumer trust online and complete understanding of the behavior of competition continues to serve the needs clarification banking financial companies, the […]

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Posted in Economics, Volume V, Issue no. 1

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Financial Crisis Effect on Public Debt in Western Balkans Countries

The end of the first decade of the twenty-first century will be remembered by appearance of one of the greatest economic crisis. This time, it had a global character. The crisis has been appeared, almost unexpectedly, in the middle of 2007 in the US, but very soon it was transferred to other countries in the […]

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Posted in Economics, Volume V, Issue no. 1

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Using Information Technology for the Efficiency Activities in the Educational Field

In a knowledge-based society, Information and Communications Technology plays an important role in learning process, involve teachers and students into a relationship that allows students to acquire knowledge and skills needed in their future work. The learning environment created by the teachers affects the students’ achievements, their attitude regarding the compulsory school subjects. We wanted […]

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

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Analysis of Economic Liberalization and Telecommunication Sector Performance in Nigeria

In this paper, we examined the empirical relationship between economic liberalization and telecommunication sector performance in Nigeria between 1986 and 2010 using the Stock and Watson (1993) Dynamic Ordinary Least Square (DOLS) technique. The study utilized secondary data and they were sourced from Nigeria Communication Commission (NCC), Central Bank of Nigeria (CBN) Statistical Bulletin and […]

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Posted in Economics, Information Technology, Volume IV, Issue no. 6

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In Service for Sharing: Leadership and Leader – Follower Relationship Factors as Influencers of Tacit Knowledge Sharing in the IT Industry

Tacit knowledge is an organizational resource that is difficult to cultivate. It requires that responsible agents in the organization take an active role in encouraging trust and the development of relationships where individuals feel that their voice will be heard and that there will be a benefit from them passing knowledge onto someone else. In […]

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Posted in Economics, Knowledge Management, Volume IV, Issue no. 6

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External Debt and Economic Growth in Tunisia

The objective of this study is to identify the effect of external debt on economic growth; we used the debt service as percentage of exports and debt indicators in the first and second degree. The econometric estimation showed that the sign of the coefficient of debt is positive and the debt squared is negative, and […]

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Posted in Economics, Volume IV, Issue no. 6

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Towards an Effective Structured and Predictable Taxation

To ensure the appropriate level of financial resources to support state institutions and activities is an ongoing concern. However, the problem had always been the extent to which the expandable portion of state revenues that can be collected without irreparably harming economic development and the social condition of the population owning material and financial goods, […]

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Posted in Economics, Volume IV, Issue no. 5

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Highlights of Tourism Organization and Methods

Our approach is based on the obvious fact that global tourism has turned into a large-scale phenomenon that has been always creating new challenges with a major impact on the economic and social development. Thus, tourism has increasingly become a main economic sector with great potential, whose operation requires an efficient management. As is well […]

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Posted in Economics, Volume IV, Issue no. 5

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Accounting the Events after the Balance Date

The events after the balance date are those events, favorable and unfavorable, that occur between the balance date (the end of the reporting period) and the date at which the annual financial statements are authorized for issue by the executive management of the entity (e.g. Board of Directors). We identify two types of events: events […]

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Posted in Economics, Volume IV, Issue no. 5

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Comparing of Local Government Official Website Disclosure about Home Equity Reverse Mortgage Pilot Program in Taiwan

The purpose of this study discusses the comparison of local government official website disclosure the home equity reverse mortgage pilot program. The content adopts content analysis and method of interactive reply to test the speed of interaction and content between local government and people. The study found that people could acquire relevant information in small […]

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Posted in Economics, Information Technology, Volume IV, Issue no. 5

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Financial Statements Analysis

This article focuses on analyzing of a consolidated financial statements of a hypothetically SME. The interpretation of the financial position and performances is based on the more than 40 financial key ratios computed by using financial data from consolidated income statement, consolidated financial position and cash flow. However additional data from notes to financial statements […]

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Posted in Economics, Volume IV, Issue no. 5

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Profit and Cost Efficiency Analysis in Banking Sector: A Case of Stochastic Frontier Approach for Vietnam

By using stochastic frontier analysis (SFA) approach to measure the cost and profit efficiency for data of 45 Vietnam commercial banks over the years from 2007 to 2012, this paper highlights risk and asset quality factors related to cost and profit inefficiency of the banks. Besides, cost inefficiency seems to be strongly related to bank […]

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Posted in Economics, Volume IV, Issue no. 5

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Effects of ECB Monetary Policy: Differences in Policy Interest Rates

This article examines the effects of the European Central Bank’s (ECB’s) monetary policy on the economy in the Euro area. Existing studies have not conclusively determined whether the effects of the policy are large or small, effective or ineffective. Also, the difference between policy interest rate increases and decreases has not been fully studied. Using […]

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Posted in Economics, Knowledge Management, Volume IV, Issue no. 5

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The Phillips Curve – Uk Case

Inflation, as a monetary phenomenon, is viewed by monetarists occurring as a result of supply of currency growing faster than the economic output. Research endeavours aimed at understanding the inflationary process among countries have witnessed major advancements in modelling short-term inflation dynamics”. The literature on the Phillips Curve, which is the “modern view of inflationary […]

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Posted in Economics, Volume IV, Issue no. 4

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On the Introduction of E-Government Processes in an EU Revenue & Customs Department: Reluctance to Change, Tangible Benefits and Value-for-Money Investments

E-Government could be seen by and large as the use of Information and Communication Technology in the transformation of governmental. When you look it from the governmental perspective it is essential that the transformed operations should be more efficient and effective. In this study using a qualitative research methodology and respective instruments we the introduction […]

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Posted in Economics, Volume IV, Issue no. 4

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The Endogenous Money Hypothesis: An Empirical Study of the Euro Area (1999-2010)

In this paper I examine the endogenous money supply hypothesis in the Euro Area using data from 1999 to 2010. In doing so, I make extensive use of Vector Auto regression models (VAR) with Granger causality procedure to analyze non-cointegrated series and Vector Error Correction models (VECM) for cointegrated series. The cointegration analyses reveal a […]

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Posted in Economics, Volume IV, Issue no. 4

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Implementing Ethics Auditing Model: New Approach

The aims of this article are to test how does enhanced ethics audit model as a new tool for management in Estonian companies work and to investigate through ethics audit model the hidden ethical risks in information technology which occur in everyday work and may be of harm to stakeholders’ interests. Carrying out ethics audit […]

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Posted in Economics, Volume IV, Issue no. 4

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Modeling in Accounting, an Imperative Process?

The approach of this topic suggested to us by the fact that currently, it persists a controversy regarding the elements that influence decisively the qualitative characteristics of useful financial information. From these elements, we remark accounting models and concepts of capital maintenance in terms of the accounting result, which can be under the influence of […]

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Posted in Economics, Volume IV, Issue no. 4

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Opinions on the Aspects Affecting the Performance of Romanian Tourism

I have taken this theme into discussion, because I consider if of great actuality. Thus, though it is unanimously admitted the fact that the Romanian tourism is a branch of the national economy with a huge potential, and, at official level, it is considered to be a priority domain, its performance is not satisfactory yet. […]

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Posted in Economics, Volume IV, Issue no. 4

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Financial Key Ratios

This article focuses on computing techniques starting from trial balance data regarding financial key ratios. There are presented activity, liquidity, solvency and profitability financial key ratios. It is presented a computing methodology in three steps based on a trial balance.

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Posted in Economics, Volume IV, Issue no. 4

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Environmental and Economic Aspects Associated to the Energy Sector

The energy sector is one of the most important sectors of activity, with an significant impact both on the economy and also on the environment. This paper aims to analyse and evaluate the major economic and environmental issues associated with the energy sector. Among the environmental aspects are analysed those related with the extraction, transport […]

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Posted in Economics, Volume IV, Issue no. 4

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International Legal and Ethical Challenges Related to the Use and Development of 3D Technology in the U.S. and China

Ethical and legal uses of technology should be addressed when a new technology gains popularity. The main focus of this research is to provide a detailed discussion of the legal and ethical issues pertaining to the use of 3D technology. Recent court cases provide examples of current and potential concerns associated with this technology from […]

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Posted in Economics, Volume IV, Issue no. 3

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Improving The Management Of Romanian Smes Through The Use Of Informatic Systems

This paper tries to analyze the ways of perfecting management at SMEs level by an intensive use of informatics technologies, in the context of implementing the information society and the 2020 digital agenda. Large volumes of data, the complexity of its administration and processing procedures, the high demands related to the computer system providing in […]

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Posted in Economics, Information Technology, Volume IV, Issue no. 3

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A Practical Review of Mechanism Design: How Implementable Is It Within The Nigerian Context? Investigating the Role of PPP on Social Outcomes in Nigeria

According to statistics of the Federal Ministry of Works Nigeria (2012), total road network in Nigeria currently stands at approximately 195,000 Kilometers, with the Federal, State and Local Governments responsible for 22, 21 and 51 percent of this network respectively. In another report, The Central Bank of Nigeria (2011) also states that Nigeria needs to […]

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Posted in Economics, Volume IV, Issue no. 3

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The Alternative Investment Market And The Financing Of Technological Innovation

The Alternative Investment Market (AIM) is characterized by the presence of numerous firms operating in sectors with a high rate of technological innovation. In this research we will deal with IPOs about companies active in the sector of Information Technology and Software & Computer Services. The purpose of the research is testing the market’s ability […]

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Posted in Economics, Information Technology, Volume IV, Issue no. 3

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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