Development economics has been quot;reloadedquot; in the last decade using an old argument in new clothes. The central pillar of this trend is the idea that market imperfections make private and social returns to diverge and can lead to poverty traps. Escaping quot;poverty trapsquot; requires a...

Although highly beneficial from a pragmatic point of view, Romania's accession in the European Union is problematic, especially in the long run and from a theoretical perspective. In the short run, adoption of european model emphasizes the advantages of economic integration. In the long run...

The issue of corporate governance has been largely debated in the literature. Conventionally, corporate governance is viewed either from a stakeholder or a shareholder perspective. This paper discusses the informational aspects of the two models of corporate governance. The role information...

Government’s involvement in the formation of human capital, public schooling in particular, has been amply criticized by a number of authors. It is nevertheless true that individuals can enhance their productivity to some degree if they accumulate human capital. But the process of human...

This paper presents a strategy of asset allocation based on the concept of cointegration. The method used can be applied on non-stationary data and has the advantage of using the whole set of information given by the financial variables. The cointegration approach is used for the construction of...

Although highly beneficial from a pragmatic point of view, Romania’s accession in the European Union is problematic, especially in the long run and from a theoretical perspective. In the short run, adoption of european model emphasizes the advantages of economic integration. In the long run...

Entrepreneurship is one of the fastest-growing discipline throughout the world. However, the importance of entrepreneurship in economic theory is not new and consistent interest in this topic can be traced back to almost a century ago. As with any young discipline, the role and content of...