This paper proposes a model for optimizing the duration of transition under the assumption that the government main goal is to minimize the social cost of reforms. At the beginning of transition there are two main sectors in the economy: an old technology sector - mainly the public one - where...

At macro level, the economic indicators are designed to provide extensive information about the main domains in which the policy intervention would be effective. The overall economy is therefore characterised, in terms of macroeconomic analysis, by output indicators, expressing the status of the...

This paper analyses the spatial distribution of economic activity in the European Union at NUTS2 level over the 2001-2010 period. The aim of the study is twofold: to provide descriptive evidence of the agglomeration distribution in Europe and its evolution over time across countries; to identify...

Romania joined the European Union after many years of uneven efforts and uncertainty about the effective date of integration. In this paper we try to evaluate the economic situation of Romania at the moment of joining the European Union. We try to identify the main macroeconomic developments...

The Syrian economy is currently undertaking a set of measures to introduce market oriented reforms aimed to change the past system of central planning and to adopt socially oriented rules. The envisaged reforms are supposed to bring efficiency of economic activities, to withdraw the state from...

The Syrian economy is currently undertaking a set of measures to introduce market oriented reforms aimed to change the past system of central planning and to adopt socially oriented rules. The envisaged reforms are supposed to bring efficiency of economic activities, to withdraw the state from...

Trade deficits are caused by the balances between saving and investment and the effects of those balances on international flows of capital. Generally, there are three primary sources of the trade deficit: a decline in saving/GDP ratio; fluctuations in the business cycles; investment...

Romania started the transition process by adopting a gradualist strategy for implementing its economic reforms, most of which being carried out independently and not through a concrete and cohesive policy package. The dynamics of restructuring on the labor market is analyzed by the Index of...

In this paper we analyse the macroeconomic stabilisation of Serbia over the last five years, by calculating an Index of Macroeconomic Stabilisation derived from the pentagon of stability. The pentagon is constructed through five indicators of stability: Real GDP growth, unemployment, inflation,...

The relativity of poverty determines a certain degree of specificity in case of each country where the phenomenon is considerably spread over the population. In transitional countries poverty is determined to a large extent by the structural changes undertaken for adopting market rules in the...