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...

In Romania, a combination of population decline, slow job creation and early retirement resulted in employment decreasing significantly in the 1990s, although the employment rate has stayed above average levels in the New Member States. Industrial restructuring and land restitution have induced...

We analyse in this paper the main achievements of Romania during the period of ten years since joining the European Union. The analysis is based on a proposed Index of Structural Changes constructed that express the overall progress in five areas: business environment, labour market, state...

In many developing and emerging countries, the alarm signals sent by specialists regarding the effects of the global crisis were not taken seriously because these economies were not financially integrated with the world system and consequently, they would not be contaminated. The same confidence...

The European Commission awarded a contract in November 2005 to a consortium composed of the TARKI Social Research Institute (Hungary), CASE, Center for Social and Economic Research (Poland) and CEPS to analyse the socio-economic developments and the process of structural reforms in what were...