Of all central and eastern European countries, Romania is considered to be the one which enjoys the richest and most varied natural and antropic touristic resources, and this aspect confers a great potential for the development of tourism. The economical, social, and political context of the...

This article examines the German debt brake from a technical point of view. By designing the debt brake on the basis of the EU method, it should be possible to achieve an adequate division between the cyclical and structural components of the budget balance, while at the same time pursuing a...

This article examines the German debt brake from a technical point of view. By designing the debt brake on the basis of the EU method, it should be possible to achieve an adequate division between the cyclical and structural components of the budget balance, while at the same time pursuing a...

This paper presents an index of Fiscal Illusion for 68 democratic countries from 1960 to 2006. The theory of Fiscal Illusion studied relates to a wrong perception of government budget aggregates from the voters’ and taxpayers’ perspectives. In the construction of the index, methodological...

National accounts data have been continuously exploited in planning the national economy and in monitoring the economic policy. The paper pleads for the suitability of national accounts for administrative use, having in view the principals of the national accounts system: universality,...

Credit risk is the most significant risk by impact for any bank and financial institution. Accurate credit risk assessment affects an organisation's balance sheet and income statement, since credit risk strategy determines pricing, and might even influence seemingly unrelated domains, e.g....

The article shows that in firms with high R&D concentration management involvement in R&D issues is high. That involvement shows that the management team has a crucial part in the role of R&D in these firms. It requires that the management develop the skills and intuition required to deal with...