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Romanian External Debt Evolution -Pre and Post Accession to Eu

The present paper is studying the evolution of Romania’s foreign debt before and post accession in the European Union, namely the period 2000 – 2013, in the large context of the specific macroeconomic policy objectives of the times. According to our research results, the economic effect of external debt may be considered positive and for […]

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Romania-Between Decentralization and Deconcentration

The present paper studies the level of local financial autonomy in our country, in relation to the capacity of local communities to make public expenditures. Our own local targets Revenues analysis and main components, discussing the impact Transfers and subsidies that May have on the degree of local financial Decentralization, as they are Considered own […]

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Insolvency in Romania – Solution for Avoiding Company Bankruptcy in the Context of Economic Crisis

The lack of a propitious economic environment made the number of companies in Romania that became insolvent to progressively grow from one year to another, even though average sales registered in the year of starting the procedure were larger than the ones in previous years. The performed study presents on one side the evolution of […]

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The Impact of the Economic Crisis upon Fiscal System from Romania and EU Member States

Fiscal policies must ensure the stability of taxes and duties and to propose an optimal level of taxation that does not stop economic activity and do not aggravate the financial situation of the population. Measures concerning taxation system should have the effect of training on tax payers and coordinate proper location and collection of taxes. […]

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Is Social Protection Expenditure or an Investment? A Cross-Country Comparison in the European Union

The relationship between social protection, growth and income inequality is an important issue in modern societies. However, there exists no consensus about these relationships because government activity could be carried out inefficiently, due to excessive burdens or even because it can reduce the productivity of the system. In this paper, the correlation between social expenditure, […]

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Globalization – Engine for Economic Growth

This paper tries to design the proper framework for highlighting the importance of globalization and the meaning of it being the engine for economic growth. Globalization and economic growth go hand in hand and are empowered by the Solow’s model influence, which is translated as sustainable economic development, which also could be accelerated by using […]

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Globalization, Economic Growth and Happiness: The Perspectives of an Economy Based on Non-Material Values

Why it is so important to maintain a continuous economic growth within a planet showing clear signs of its exhaustion is an important issue that is questioned more and more often in the last decade or so. The main motivation is to create the resources needed for people to live better and to be happy. […]

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External Debt and Economic Growth in Tunisia

15 December 2014

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

15 October 2014

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

15 October 2014

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

15 October 2014

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

15 October 2014

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

15 October 2014

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

15 October 2014

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

15 October 2014

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

15 August 2014

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

15 August 2014

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)

15 August 2014

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

15 August 2014

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?

15 August 2014

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

15 August 2014

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

15 August 2014

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

15 August 2014

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

15 June 2014

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

15 June 2014

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

15 June 2014

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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Cloud Computing – Compliance with Regulatory Prescribed Data Protection Measures in Bosnia and Herzegovina

15 June 2014

The rapid emergence of cloud computing has raised concerns about its legal and regulatory implications. Issues of data protection and security are among the concerns most frequently mentioned by potential cloud customers. If sensitive company data are stored, processed or transmitted in a cloud environment, data protection and other laws will apply to that environment […]

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

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The Alternative Investment Market And The Financing Of Technological Innovation

15 June 2014

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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Fusing Knowledge Management into the Public Sector: a Review of the Field and the Case of the Emirates Identity Authority

15 June 2014

Organizations worldwide are showing increasing interest in knowledge management practices to address the contemporary challenges of today’s digital age. Knowledge is becoming a critical core asset to sustain competitive advantage and as a vehicle for continuous improvement and innovation. However, most of the developments in the knowledge management field are driven by international organizations or […]

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Posted in Knowledge Management, Volume IV, Issue no. 3

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Electricity Consumption and Economic Growth in Emerging Economies

15 April 2014

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

15 April 2014

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

15 April 2014

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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Measuring Objective Well-Being and Sustainable Development Management

15 April 2014

Achieving sustainable development is undoubtedly a goal of every society and community. What is implied here is that it is a concept that needs to be managed, i.e. a goal that one strives to achieve in a continuous and dynamic sense, including continuous and consistent measurement. This paper sheds light on analysis of objective well-being […]

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

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Determinants of Knowledge Sharing Using Web Technologies among Students in Higher Education

15 April 2014

Knowledge sharing is becoming more and more important as such educational institutions are trying to harness this opportunity to students’ learning environment in order to create value. Therefore, the motivation behind this research is to conduct an empirical study to explore the factors that influence the success of knowledge-sharing using web technologies among students in […]

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Posted in Information Technology, Knowledge Management, Volume IV, Issue no. 2

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Utilizing the Quantile Regression to Explore the Determinants on the Application of E-Learning

15 April 2014

In this research, the quantile regression is applied to investigate the affecting factors associated with the application of e-learning. The findings provide a comprehensive picture about the relationships between the application of e-learning and its determinants. It sheds light on these complicated relationships that, at the different quantiles of the conditional distribution of e-learning adopting […]

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Posted in Information Technology, Knowledge Management, Volume IV, Issue no. 2

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

15 April 2014

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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Considerations Regarding Foreign Investments in Romania in the Year 2014

15 April 2014

The financial crisis strongly marked states around the world due to the increasing indebtedness of the states and of the banks, which went through, with few exceptions, a prolonged recession. The year 2014 seems to mark a new economic cycle, and the turnaround is seen in Romania, a state which has made progress in reinforcing […]

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

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

15 April 2014

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

15 April 2014

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

15 April 2014

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

15 April 2014

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