Capital markets are regarded as “the barometer” of economic activity at the national level, but among emerging markets, the position of this segment in the economy is far from ideal. The answers that we try to offer are concerning the contribution of capital markets to the economic welfare...

The aim of our paper is to capture, using logical analysis and graphic modelling, the implications of the new economic geography (NEG) in terms of regional policy in Romania, aiming to answer the question whether NEG and agglomeration economies should concern the policy makers in our country....

The aim of this paper is to structure, from a historical and spatial point of view, the existing specialists' concerns in developing theories about agglomeration. The complete and complex evaluation of agglomeration economies allows us to make important contributions to assessing the relative...

Jesús Huerta de Soto, Bani, credit bancar şi cicluri economice, published in Romanian by the “Al. I Cuza” University Press in collaboration with Ludwig von Mises Institute, Bucharest, 2010, 853 p

The aim of this article is to emphasize the major contribution of franchise, as hybrid institutional arrangement and governance structure, on the mechanism of sustainable development. Transaction costs illustrate a permanent obstacle which hinders healthy, long-term development. Using the...