Real convergence is an essential objective of Romania’s integration into the EU. Bridging the development gaps between Romania and the EU as soon as possible cannot be achieved exclusively through market forces, since they rather tend to cause divergence and polarization. For this purpose,...

After presenting the institutional construction during the pre-accession and post-accession to the Economic and Monetary Union (EMU), the exchange rate mechanisms (ERM) in several countries and the convergence criteria, we go on with a brief analysis of the way the CEE countries cope with the...

In this study, we describe the essence and role of the institutions in the modern economic systems, the main issues concerning the institutional convergence in relation to the EU integration, the institutional capital and the impact of the quality and effectiveness of the institutions on filling...

The study is based on the critical observations that the competitive market forces alone are not able to assure the convergence with the developed countries. These observations are grounded on the results of the computation of the marginal capital rate of return, as well as the real process of...

Financialisation is a complex and dynamic process of enlarging the monetary and financial relations in economy and society. This paper deals with the analysis of the financial market structure such as: the role and magnitude of financial sectors, the dynamics of the banking sector versus the...

Studiul are ca principal obiectiv definirea industriilor strategice, stabilirea criteriilor de selectare şi evidenţierea posibilităţilor de aplicare a unor politici specifice economiilor de piaţă pentru promovarea acestor industrii. Dându-i o conotaţie mai cuprinzătoare, conceptul de...

Studiul are ca obiectiv principal evidenţierea rolului capitalului instituţional şi al elementelor sale componente, ca factori primari, asupra rezultatelor economice la nivel naţional, folosind indicatori de măsurare şi modele econometrice adecvate. În acest scop sunt supuse analizei...

In this chapter, we describe the essence and role of the institutions in the modern economic systems, the main issues concerning the institutional convergence in relation to the EU integration, the institutional capital and the impact of the quality and effectiveness of the institutions on...

Real convergence is an essential objective of Romania’s integration into the EU. Bridging the development gaps between Romania and the EU as soon as possible cannot be achieved exclusively through market forces, since they rather tend to cause divergence and polarization. For this...

The study is based on the critical observations that competitive market forces alone are not able to assure convergence with the developed countries. These observations are grounded on the results of the computation of the marginal rate of return to capital (which contradict the neoclassical...