<abstract xmlns="http://www.w3.org/1999/xhtml">Nowadays, around the world, it can be noticed an important trend towards the pension system reforms. The creation of the European fiscal space, the effects of globalization and the movement of the labour force are important vectors towards creating a new type of social economy. The labour force is constantly moving around the countries that gathered important amounts of capital, especially in industrialized countries. Moreover, the lower levels of the birth rate combined with the increasing level of death rate unbalance the labour market. The entire European continent undergoes a demographical transition period, highlighted by aging and intensive migration. This phenomenon is registered both outside and inside the European Union, especially upon the highest industrialized Western countries. In this context, the human capital role and quality gain an important topic throughout the social and economic developments. In this article, we tackle some important aspects regarding the correlation between the actual <italic>status quo</italic> of population structure and some important features of future pension systems.</abstract>

„Vasile Goldiș” Western University of Arad

Empirical Approaches Upon Pension Systems in Central and Eastern European Countries. Triangle Assessment: Free Movement of People, Labor Market and Population Health Features

<abstract xmlns="http://www.w3.org/1999/xhtml">The quality of works and a good reputation on the market are the main factors that lead to the success of a construction business. That is why most of the projects carried out in this sector involve the provision of performance guarantees which are mainly constituted by retaining the amounts from each payment. This impacts the cash, but also the liquidity ratios of the entities. The purpose of our research is to analyze the influence of the operating cash flow and the current liquidity ratio on the profitability in the case of construction companies. For this, we have developed a linear regression model on cross-section financial data related to a single reporting year and obtained from construction companies in western Romania. The results we have obtained did not reveal statistical significance for the exogenous variables used in the model. However, we consider it important to deepen the problem of cash flows and the ability of construction companies to meet their short-term obligations in the context of retaining performance guarantees. Further research in this regard based on panel data for several financial periods could provide relevant results</abstract>

“Vasile Goldiș” Western University of Arad

The Impact of Operating Cash Flow and Current Ratio on the Profitability in Construction Industry

<abstract xmlns="http://www.w3.org/1999/xhtml">The main objective of the research is to study the perception of students in accounting profile within the "AurelVlaicu" University of Arad in comparison with the employers’ perception of the hard and soft skills needed in view of the accounting graduates’ access on the labour force market. The target group has been asked to express its opinion on the skills required to candidates to access the jobs in order to penetrate the labour force market in the field of accounting. In order to achieve this objective, an empirical study based on a cross-cutting descriptive research has been carried out, the method chosen is the survey based on a questionnaire. The target group consists of 250 students majoring in accounting within "AurelVlaicu" University of Arad, as well as from 300 professional accountants who are members of CECCAR (The Body o Experts and Chartered Accountants of Romania). The case study concluded that a large part of the interviewed accountants have considered that employers would be increasingly interested in hiring young graduates in accounting that hold strong soft skills, being also willing to subsequently invest in trainings to develop their hard skills that they need daily in the chosen job. In order to succeed and perform in the field in which they will work, accounting students (future accounting professionals) must hold a set of powerful soft skills to complete the hard skills acquired and tested during the academic studies. The target group interviewed in the case study considers it would be useful the accounting students to participate in internships, scientific sessions, Erasmus scholarships, voluntary actions, Work and Travel Programs, teambuilding programs, national and international projects, summer schools, student scientific clubs to develop hard and soft skills during the university studies. In order to generate sustainable organisational success, future professionals who will be working in the field of accountancy will have to possess both hard skills and soft skills to be able to contribute in this way to the success of the organization they will be part of and the accounting profession will gain.</abstract>

Soft and Hard Skills in Accounting Field-Empiric Results and Implication for the Accountancy Profession

<abstract xmlns="http://www.w3.org/1999/xhtml">This study provides an exploratory review of the trends, policy reforms, and determinants of fiscal deficits in Tanzania during the period 1980-2017. During this period, the country undertook various fiscal policy reforms intended to improve revenue mobilization and expenditure efficiency. The most significant of these reforms included the introduction of the semi-autonomous revenue authority and an extensive public financial management reform program. While the post-independence period was characterized by large fiscal deficits, recent trends show that fiscal deficits in Tanzania have been contained, even as some public investment management challenges exist. The review of trends and literature suggests that fiscal deficits are linked to the structure of the economy, low levels of development, donor aid and grants, as well as the overall macroeconomic environment. In particular, fiscal deficits are associated with growth cycles, inflationary episodes, and external sector developments.</abstract>

Fiscal Reforms and Deficits in Tanzania: An Exploratory Review

<abstract xmlns="http://www.w3.org/1999/xhtml">Japan's thinking and management practices have developed under the strong influence of culture. The contemporary economic and social circumstances, marked by the phenomenon of globalization, raise the question of the perenniality and transferability of the traditional Japanese management style.</abstract>

„Vasile Goldis” Western University of Arad

Tradition Vs. Modernity in Japanese Management

<abstract xmlns="http://www.w3.org/1999/xhtml">Misinformation has always existed and has been promoted by groups of individuals, who share the same interests, in order to reach ideological, political or financial goals. In recent years, the emergence of the Internet and social platforms has opened a new and larger dimension in the dissemination of false content and information. With the help of these new technological means, the process of manipulation has evolved and reached a new level which materialized in the concept of fake news. The negative effects associated with this phenomenon have aroused interest among specialists, who are striving to find efficient instruments in order to combat the dissemination of fake information.In this context, I have developed a scoring model for the detection of fake news, which aims to combat the spreading of false information regarding specialized economic sectors, such as the energy field. Moreover, the model could also be implemented as an important instrument in the fighting against this negative phenomenon that can affect the way public figures, institutions, companies or industries are being perceived by the public opinion.</abstract>

Scoring Model for the Detection of Fake News

<abstract xmlns="http://www.w3.org/1999/xhtml">This study comparatively investigates the impacts of fiscal and monetary policies on poverty in Nigeria from 1986 to 2018. Using the Ordinary Least Square and Standardized or Beta Coefficient approach, we found that the Nigerian political system plays a vital role on a large number of its citizens living in extreme poverty. Other factors identified as the likely causes of poverty are insurgencies, terrorism, and low productivity among others. Also, monetary policy is more important in alleviating poverty than the fiscal policy which favored the monetary school arguments. Specifically, monetary measures like exchange rate and interest rate are more significant in alleviating poverty far more than inflation rate while fiscal measures proxy with government recurrent expenditure plays a more vital role in alleviating poverty in Nigeria than others like government capital expenditure and government recurrent expenditure. The study recommended that in the case of monetary measures, there is a need for Government through the Central Bank of Nigeria, to shift their attention towards key monetary policy measures like interest rate and exchange rate compare to other monetary measures.</abstract>

Department of Economics, Faculty of Social Sciences

Alleviating Poverty in Nigeria: Keynesian Vs Monetary Theory of Poverty

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Studia Universitatis „Vasile Goldis” Arad – Economics Series

 The Journal Studia Universitatis "Vasile Goldiş" Arad. Economic Sciences, ISSN 1584 - 2339 has a long history in contributing to the research in Economics-related fields of interest, since its first edition in 1990.  Until now, the journal has been published annually by "Vasile Goldis" Western University of Arad, at its own Publishing House. Moreover, during the years Studia Universitatis "Vasile Goldiş" Arad. Economic Sciences has been evaluated by the National Council of Scientific Research in Higher Education of Romania in the B+ category, code 792 as recognition of its national visibility.  The principal purpose of the journal is to publish scholarly work in the Economic Sciences, promoting relevant and insightful research in all related fields, within a sound methodological framework. In this journal, the Editorial Board wants to provide high quality articles in the economics field. However, the objective regarding publishing the original contribution in the Economic Sciences filed does not infringe the interdisciplinary, multidisciplinary and transdisciplinary approaches of the complex economic phenomenon and their connections. In this sense, many articles provide a strong enactment of law regarding the application and enactment the commercial law, civil law and tax law. The research published in the Journal is used to demonstrate the academic medium, students and specialist as the ways in solving different problems tackled by the different articles and authors. The econometric techniques and modelling relationship demonstrate the usefulness of different techniques in the solution of the different problems. Part of the articles published in this Journal are an improving path of the articles sustained at the different conferences organized by the University were different specialist gathered and debated some high relevant and important topics. The results of the research are directed also to some practical organizations in order to increase the practical usage of the economical techniques. Another part of the articles derived from different partial of final results of several research projects, fact that will increase the scientifical relevance. Finally, by using a specific structure of the article, meaning introduction, literature review, methodology, main finding results, discussion and conclusion will improve the understandings of the different research methods used in economic theory and practice in order to evaluate and assess more accurate the soundness of the final results of the research.  Archiving  Sciendo archives the contents of this journal in Portico - digital long-term preservation service of scholarly books, journals and collections.  Plagiarism Policy  The editorial board is participating in a growing community of Similarity Check System's users in order to ensure that the content published is original and trustworthy. Similarity Check is a medium that allows for comprehensive manuscripts screening, aimed to eliminate plagiarism and provide a high standard and quality peer-review process.  Why subscribe and read   High quality articles in the area of economics Articles published after a serious double blind review process with prestigious national and international reviewers Articles having a powerful economic research insight for both theoretical, econometrical and practical perspective Multidisciplinary, Transdisciplinary and Interdisciplinary approach of the articles   Why submit   The rejection rate is approximately 80% The Editors provide fast route for the publication process and fully access to DeGruyter e-technology International Scientific Board with high - quality research specialists around the world