This article focuses on the theory in the field of industrial policy and government intervention in economy, presenting personal approaches and considerations related to this subject. Also, it presents worthy aspects to be considered when adapting industrial policy instruments to the modern day...

Climate change is one of the most important issues of the next decades and has the potential to severely impact societies, economies and human wellbeing.

In this paper, starting from the idea of economic growth which has been significant in the past years and its tight connection to growth in international trade, I have dealt with such aspects as the gains one can derive from specialization, economies on scale, the development of new technology,...

The article contains the description of the development process and current trends of transnational corporations in the World economy as well as in the Republic of Moldova. Their impact on the home and host economies is also shown. The role of corporations in the economic growth of the country,...

This paper reviews the experience of the first decade of Economic and Monetary Union and the euro in historical perspective. With the establishment of Economic and Monetary Union (EMU), the EU has made an important step towards completing the internal market. The essay analyses the impacts that...

Today the central banks of many states face a dilemma: they have to decide what is more important – to fight the inflation or to create conditions for economic growth (including ensuring stability in their financial and bank systems). The economy of the Republic of Moldova can not stay outside...

Authoritarian Monarchies in the Early Modern period have been considered as a keystone of the outset of the market economy in Europe. However, as a result of their own need of coexistence with other power institutions, it has to be taken into account that those monarchies implied the survival of...

This paper studies the influence of persuasive advertising in a neoclassical growth model with monopolistically competitive firms. Our findings show that advertising can significantly affect the stationary equilibrium of a model economy in which the labor supply is endogenous. In this case, for...

We put forward a modern version of the ‘developmental’ view of government-owned banks which shows that the combination of information asymmetries and weak institutions creates scope for such banks to play a growth-promoting role. We present new cross-country evidence consistent with our...

We develop a dynamic model to analyze the sources and the evolution of social participation and social capital in a growing economy characterized by exogenous technical progress. Starting from the assumption that the well-being of agents basically depends on material and relational goods, we...