The aim of the international conference ESPERA 2016 was to present and evaluate the economic scientific research portfolio, to argue and substantiate Romanian development strategies – including European and global best practices. The plenary session and the parallel sections were centered on...

The present study approaches the dynamic correlation between GDP and the gross fixed capital formation, based on the use of ICOR (incremental capital output ratio) indicator in order to determine the required investment volume for the period 2005-2008, under various efficiency conditions,...

The production function explains the mechanism through which inputs are changed into outputs and the partial efficiency of labour and capital. It also allows for understanding the elasticity of substitution, which measures the percentage change in factor proportions due to a percentage change in...

Energy efficiency is correlated with many factors of influence: Gross National Income per capita, energy imports (% of energy use), renewable combustible and waste (% of total), energy use per capita, services as % of GDP and others. In this paper we are testing a model of piecewise linear...

The 2007-2013 programming period of the EU focuses on economic and social cohesion via three fundamental objectives: convergence – competitiveness and employment – European territorial co-operation. The horizontal dimension of cohesion policy refers to diminishing the regional disparities...

The present paper is approaching the energy efficiency topic from the viewpoint of its trends and influence factors, in the context of requirements, criteria and principles of sustainable development. Energy efficiency is measured as ratio of GDP and energy use and its multiple factors of...

As technical change is nowadays largely accepted to be an engine of economic growth, researchers have tried to include it explicitly in the economic growth models, either as an exogenous or endogenous factor of influence. Using the framework of the aggregate Cobb-Douglas production function in...