This study employs the panel seeming unrelated regression of the Kapetanios-Shin- Snell (SURKSS) test with a Fourier function to investigate the inflation persistence in Nine Latin American Countries over the period of January 1993-January 2012. The empirical results from the univariate unit...

use such copula to model the dependence between two random variables that cannot be both lower than given values, but each can be lower than the corresponding value. This can be used in the Phillips curve. Even we consider the values of inflation and unemployment ent or their rates, there exist...

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...

Starting from the basic relationship among investment, GDP and the active interest rate estimated as long-term tendency, several short-term dynamics equation are built for revealing the impact of different factors: cost of capital, foreign direct investments, labor (unemployment rate, real net...

The crisis of the global financial markets that struck the world economy in the mid 2008 affected the world economy as a whole; nevertheless, it also had a great impact upon the labour force market in the European countries. The migration dropped, differentiated by certain geographic areas. This...