Romania does not have a functional market economy and cannot face the competition pressures and the economic powers in the EU. In order to meet the EU economic accession requirements, Romania must undergo a number of complex and long processes. As compared to the last years, Romania has made...

Romania’s regional development in transition to a market economy deserves special attention, due mainly to the counties growing more and more apart economically and socially. The Law No. 151/1998 was promulgated for creating the legal and institutional framework for regional development. The...

The paper presents the System of National Accounts (SNA), the implementation of the SNA in Romania since 1990, the Input-Output Table in Romania and its characteristics, the Input-Output Table under inflation and also some other uses for analysis of the IOT such as sensitivity analysis.

The authors start by underlining the main common features and the main differences between Poland and Romania at a macro level. The second section realizes an in-depth analysis of the sectoral developments in Poland and Romania. We find important divergences with regard to production and...

The paper argues for the necessity of a in-depth study on the reorganization of the industry which should take into account the future impact of the trade liberalization between Romania and EU, the access of Romanian companies to the western markets, the probable changes in the location of...

The author discusses here the current context of Romanian economy, as well as the macroeconomic implications of the future integration into EU and EMU, respectively. Romania is characterized by a persisting inflation which raises the question whether Romania is ready or it has to delay the...

The reform of a single player power sector (i.e. a natural monopoly) into a multiple-players power market brings to the clients not only the benefits of competition but also the costs of complexity. In between the two, an optimal number of players is found, corresponding to the minimum price of...

This paper discusses alternative approaches to the measurement of the informal economy in Romania. The author proposes two essential criteria regarding the economic classification, namely whether the respective activities are or are not reported through an official established document and...

The author investigates here the impact of taxes on the size of the underground economy. Starting from the reference model of Allingham and Sandmo (1972), he derives three other sub-models from which it constructs a general model. The author used this model to evaluate the limits between which...

The paper aims to analyze the causes or the motivations of the households’ informal economy activities and to estimate the size of the Romanian informal economy. Using data for Romania, it was found that people perceived high taxes as the main cause of the informal activities. The data...