This paper proposes a simple method to assess the sustainability of public finances in Romania, which uses the twin deficits concept. We conclude that the sustainability of the country has been seriously affected by the recent crisis, but to a larger extent by the inappropriate design of...

Industry - and firm-level research into both innovations and productivity has long been limited to manufacturing. With this paper, we aim to contribute to the stream of literature that aims at extending the scope of such investigations to the services industry. To this end we analyze the...

This paper discusses and evaluates the associated cost with the future integration of Romania into EMU, namely the loss of seignorage. The author shows that most of the transitional period the National Bank of Romania has conducted its monetary policy in a hostile economic environment, which did...

The paper attempts to evaluate the degree of restructuring of the Romanian labor market, namely the evolution of the labor efficiency over the transition period. The purpose is to reveal to which extent the transition reforms have brought higher efficiency into the economy, in which way the...

For the 2006 Easter (the date has a clear meaning) the National Geographic published an unknown manuscript, aimed to make the Christianity tremble from its foundations. The event benefited from the usual advertisement agrave; l'ameacute;ricaine, in order to hit to the highest possible degree the...