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Long-term data show that the dynamic efficiency condition r>g holds when g is represented by the average growth rate of real GDP if r is the average real rate of return on equity, E(re ), but not if r is the risk-free rate, rf .
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The transition from fossil fuels to fuels from renewable energy sources can lead to decentralisation of the energy systems, causing structural changes in economic and political relations between countries. The economy of the energy transition will change the global economic map. The move to the...
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Romania's economic growth is a target that can be achieved only within the accordance of all the economic sectors with the Europe 2020 Strategy. As provided in the Convergence Programme 2014-2020, this objective entails a series of steps that Romania must rigorously follow in order to be able to...
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