The paper attempts to evaluate the degree of restructuring of the Romanian labor market, namely the evolution of the labor efficiency over the transition period. The purpose is to reveal to which extent the transition reforms have brought higher efficiency into the economy, in which way the...

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...

This paper proposes a simple method to assess the sustainability of public finances in Romania, which uses the twin deficits concept. We conclude that the sustainability of the country has been seriously affected by the recent crisis, but to a larger extent by the inappropriate design of...