The paper investigates whether there is a convergence club stance for theVisegrad countries plus Romania and Bulgaria and the part played, in this process, by the implicit tax rates on labour and consumption, respectively. For the purpose of the research, the GDP per capita, productivity and...

This paper investigated the effects of productive public expenditures over economic growth, using a panel-model approach, in 6 East-European countries during 1990-2013. The paper contributes to the specific literature, showing how different types of productive public expenditures influence...

Uncertain behavior of extreme weather events is critical for insurance because of the financial effects that it generates. In this context, the effects of climate change on the frequency and hardness of natural disasters are vital information in order to restructure the portfolio of insurance...

Government debt has increased not only in times of economic stress, but it has become a com- mon manifestation of government expenditure funding. The aim of the paper is to inspect the effect of government debt on economic freedom in ten CEE countries between 1995 and 2020 using a panel model...

Institutional investors - including mutual funds, pension funds, hedge funds, and insurance companies - are a growing force in developed capital markets. We are in an environment in which investors, regulators and legislators have a dramatically reduced tolerance for risk. Rules and regulations...

The purpose of this paper is to study empirically how democracy, taxation and economic freedom interact within the European Union (EU-27), european old member states (EU-15) and european new member states (EU-NMS), using VAR methodology, with panel data for 24 countries and yearly observations...

Anticipating the economic and social change, European Union member states have decided to restructure their aspirations and fiscal priorities. European Union fiscal policy aims to achieve important goals, such as free movement of capital, competitiveness, economic growth and employment,...

The increasing availability of financial market data at intraday frequencies has led to the development of improved ex-post volatility measurements. In the process of structuring the portfolio, a key variable is the global volatility. The objective of this paper is to analyze the Romanian...

Capital markets play an important role in the economic development of emerging capital markets. Well functioning markets insure that both corporations and investors get or receive fair prices for their securities. In the literature on endogenous growth, the link between capital markets...