This paper analyses the dynamics of the Romanian economy in the 1990-2002 period, both on aggregate terms and using a sectoral decomposition. We worked in a neoclassical framework using a standard Cobb Douglas function with a Hicks neutral technology. We decomposed the economy into four sectors...

The paper focuses on analyzing the influence of extensive and intensive factors from agriculture upon gross value added in the period between 1990 and 2000. The extensive factors are labor force and fixed capital endowment, while the intensive factors are gross efficiency of fixed capital and...

It is generally admitted that fixed, low input prices for resources cause distortions in the input mix, in the sense of inefficient usage of resources.We consider a particular homogeneous functional form for representing the potential distortions in the input factor quantities in the context of...

Performance in the manufacturing sector, in relation to productivity growth, scale efficiency and technical efficiency in India is dichotomous in nature, depending on whether the firm in question functions in the formal or informal sector. The main differences between these two sectors and the...

The new (2002) version of the "Pre-Accession Economic Program" has to take into account both the experience accumulated in the implementation of its previous (2001) form, and the changes occurred during 2001-2002 in the domestic and international environment, which have affected the Romanian...

There is a relationship between predictability and complexity. The problem of evaluating the complexity of the macroeconomic phenomenon can be reduced to decomposition into its principal components (which may have, in their turn, a certain degree of complexity) and to identify its common sources...

Having in view the three main methods for the estimation of the informal economy's size, the study focuses in the first part on data and methodological problems, trying at the same time to outline a few behavioral aspects by using only simple simulation models. Thus, based on a 288-sample and...

The first section attempts to define the main problems, taking into account that the productive performance of the Romanian economy is affected by a double constraint – both from a supply side and the from the demand side. Four essential factors are identified on the supply side: the existence...

This paper tests the relationship between above market returns and beta, size, leverage, book-to-market equity and earning-price ratios for the Bucharest Stock Exchange common stocks. Results from cross-sectional regressions document that both book-to-market equity and earning-price ratios are...

The growth rate of different economies in Europe depends strongly on the production and, especially, on the consumption of energy resources. As an empirical rule, the development of such economies is closely interrelated with a consistent CO2 emission into atmosphere. However, this aspect has a...