The sustainable growth of economic competitiveness as a whole and of industry, in particular, is of paramount importance for Romania. A look at the literature reveals that although there is no consensus in defining and measuring competitiveness, many studies focus on competitiveness i) in a...

In this paper we discuss the credit policy and how it affected the macroeconomic dynamics in Romania. We estimate a regression on quarterly data in which economic growth is the dependant variable and foreign direct investments and domestic credit are the explanatory variable. We found...

The phenomenon of arrears is difficult to capture due to its complexity. In this context, the paper aims at providing a unified perspective on the phenomenon by building a picture of the network of arrears in Romania which reflects the relations between the main economic actors involved. The...

The paper analyzes the monetary policy transmission mechanism in Romania focusing on the exchange rate channel. The analysis is made in the context of an economy described by a mix of institutional and market behaviors illustrated by a SVAR model in which the restrictions imposed on the...

The paper intents to analyze in which way the interest rate policy can influence the Romanian economy. We will analyze the relationship between interest rate, fixed capital formation and GDP, by using the impulse response function.

This paper analyses the exchange rate and oil price influence on CPI and controlled prices. The purpose of the paper is to highlight the factors that influence the inflation in Romania.

The paper aims to analyse in which way the interest rate policy may influence the Romanian economy. We analyze the relation between interest rate, investments, productivity and the impact of the variation in interest rate on the Romanian economy, and mainly on fixed capital gross formation.

The paper intends to analyze the in which way the interest rate influences the Romanian economy. We shall analyze the relationship between interest rate, investments, productivity and the impact of the variation in interest rate on the Romanian economy.

We live today in a changing society based on the globalization and better valorisation of the human capital. The human capital is the central driver force for competitiveness and development of the new technology and patent and a necessary factor for their efficient use in the new society. In...

The main aim of this article is to model the quarterly real money demand in Romania and to make short-run forecasts for 2014:Q1-2015:Q1. A vector-autoregressive model (VAR(1)) was built for stationary data series of real money demand, real GDP and spread between active and pasive interest rate...