Journal & Issues

Volume 33 (2023): Issue 1 (March 2023)

Volume 32 (2022): Issue 4 (December 2022)

Volume 32 (2022): Issue 3 (September 2022)

Volume 32 (2022): Issue 2 (June 2022)

Volume 32 (2022): Issue 1 (March 2022)

Volume 31 (2021): Issue 4 (December 2021)

Volume 31 (2021): Issue 3 (September 2021)

Volume 31 (2021): Issue 2 (June 2021)

Volume 31 (2021): Issue 1 (March 2021)

Volume 30 (2020): Issue 4 (December 2020)

Volume 30 (2020): Issue 3 (September 2020)

Volume 30 (2020): Issue 2 (June 2020)

Volume 30 (2020): Issue 1 (March 2020)

Volume 29 (2019): Issue 4 (December 2019)

Volume 29 (2019): Issue 3 (September 2019)

Volume 29 (2019): Issue 2 (June 2019)

Volume 29 (2019): Issue 1 (March 2019)

Volume 28 (2018): Issue 4 (December 2018)

Volume 28 (2018): Issue 3 (September 2018)

Volume 28 (2018): Issue 2 (June 2018)

Volume 28 (2018): Issue 1 (March 2018)

Volume 27 (2017): Issue 4 (December 2017)

Volume 27 (2017): Issue 3 (September 2017)

Volume 27 (2017): Issue 2 (June 2017)

Volume 27 (2017): Issue 1 (April 2017)

Volume 26 (2016): Issue 4 (November 2016)

Volume 26 (2016): Issue 3 (September 2016)

Volume 26 (2016): Issue 2 (June 2016)

Volume 26 (2016): Issue 1 (March 2016)

Volume 25 (2015): Issue 4 (November 2015)

Volume 25 (2015): Issue 3 (August 2015)

Volume 25 (2015): Issue 2 (July 2015)

Volume 25 (2015): Issue 1 (May 2015)

Journal Details
Format
Journal
eISSN
2285-3065
ISSN
1584-2339
First Published
30 Mar 2015
Publication timeframe
4 times per year
Languages
English

Search

Volume 30 (2020): Issue 4 (December 2020)

Journal Details
Format
Journal
eISSN
2285-3065
ISSN
1584-2339
First Published
30 Mar 2015
Publication timeframe
4 times per year
Languages
English

Search

7 Articles
Open Access

The Correlation Between CO2 Emissions and GDP in a Sustainable Development Framework Using Kuznets Environment Curve

Published Online: 20 Oct 2020
Page range: 1 - 23

Abstract

Abstract

After 1990, the problem of finding econometric models to assess the influence of economic development on the environment becomes a global goal, a central element of regional, national and Community policies. A perception on the evolution of global climate change and on the impact of human activity on them has been determined by the hypothesis that in the early stages of economic development, pollution and incomes are growing almost simultaneously, and beyond a certain level of incomes, the trend is reversing, therefore at high levels of incomes and economic growth occur improvements in environmental conditions. In this paper, we aim to analyze the relationship between the level of pollution (CO2 emissions) and revenues (GDP per capita) using the Kuznets Environmental Curve (EKC). To apply the econometric model, two indicators were used: CO2 emissions and GDP per capita, using a panel analysis for the period 2000 - 2016, which included 31 European countries and 527 observations. The article contributes to the development of econometric applications based on panel data and the Kuznets Environmental Curve.

Keywords

  • Kuznets Environmental Curve
  • sustainable development
  • econometric analysis

JEL Classification

  • C2
  • C23
  • C32
  • C33
Open Access

Ease of Doing Business and Capital Market Development in a Demand Following Hypothesis: Evidence from ECOWAS

Published Online: 20 Oct 2020
Page range: 24 - 54

Abstract

Abstract

Capabilities of African businesses in a transformative role in solving the continent‘s challenges are underestimated and misunderstood. This study examined ease of doing business and financial development from a demand following hypothesis in the West African sub-region, employed Structural Equation Model covering the period of 2004 - 2017. Ten ease of doing business indicators and five distinct financial (capital market) development variables from the World Bank database were used. Findings indicate weak demand following the hypothesis of capital market development: positive and negative, depending on the measure of capital market development from the ease of doing business for West African countries majorly because of inadequate electricity. The indirect effect of the construction permit, property registration, access to credit, minority investors‘ protection and cross-border trading are indirectly significant to capital market development while starting a business, tax-paying, contract enforcement and settling insolvency are insignificant. The study recommended roadshow by West African capital markets to improve the listing of companies and the government should improve on the electricity supply.

Keywords

  • Doing business
  • financial development
  • demand following
  • SEM
  • ECOWAS

JEL Classification

  • F15
  • M13
  • O16
  • O55
Open Access

Analysis of ICT, Power Supply and Human Capital Development in Nigeria as an Emerging Market Economy

Published Online: 20 Oct 2020
Page range: 55 - 68

Abstract

Abstract

This paper analyzed the impact of information and communication technology (ICT) and power supply on human capital development in Nigeria as an emerging market economy. The study adopted the Classical Linear Regression Model for the empirical analysis. The result showed that ICT, power supply (proxied by electricity consumption) and population impact positively on human capital development, while infant mortality has a negative impact on human capital development in Nigeria. The impact of ICT on school enrolment suggests that technology is fast evolving and new technologies are preferred to old ones. The study, therefore, recommended that Nigeria should follow in the trend of ICT globally in harnessing her human capital endowments. In conclusion, the Nigerian government should harness her ICT and electric power potentials and develop the human capital available to her to prevent the emigration of her human resource endowment to more resilient and promising economies.

Keywords

  • Information and Communication Technology
  • Power Supply
  • Human Capital

JEL Classification

  • D83
  • E24
  • J24
  • L94
  • L96
Open Access

Fostering the Mediating Role of the Feeling of Belonging to an Organization Among Romanian Members of Generation Z

Published Online: 20 Oct 2020
Page range: 69 - 91

Abstract

Abstract

The addition of Generation Z/Centennials to the workplace landscape will bring about new challenges for the management of any organization. To tackle the changing work environment and workforce, we conducted a survey-based empirical exploratory study among students in economics from two universities located in the western part of Romania. Our study proposes an alternative view of the motivational potential, including the feeling of belonging to an organization in work settings. The aim was to explore the potential for the feeling of belonging to play the role of mediator between four distinct career attitudes and the turnover intention in the specific case of Romanian Generation Z members. Additionally, we investigated which variables are significant predictors for the feeling of belonging to an organization. The results indicate that is efficient to invest in creating belongingness for those Generation Z members inclined towards making moves between jobs and organizations (OMPA), for those who present the mental capacity to be mobile (BMA) and for those who can be adaptive in terms of performance and learning demands (SDA). For those Romanian Generation Z members who use their internal values to provide guidance and measure for success, including the feeling of belonging to an organization in work settings seems to be inefficient.

Keywords

  • Generation Z
  • Romania
  • career attitude
  • feeling of belonging
  • turnover intention

JEL Classification

  • M10
  • M12
Open Access

Causality Analysis of Disaggregated FDI Inflows on Sectorial Growth in OECD Area

Published Online: 20 Oct 2020
Page range: 92 - 110

Abstract

Abstract

This article revisits the link between disaggregated Foreign Direct Investment (FDI) inflows and sectorial growth using the panel dataset of 25 Organisation for Economic Co-operation and Development (OECD) countries for the period 1990 to 2017. It adopted the panel fixed effect and Feasible Generalized Least Squares Approach in its analysis. The findings show that disaggregated FDI inflows have the potential to improve growth in the OECD area with adverse effects on domestic investment and inflationary pressure. Additionally, the results further indicate that disaggregated FDI inflows have a positive and significant relationship on the service and manufacturing sector but with no evidence shown on the agricultural industry. Thus, the study concludes that efficient reallocation of FDI resource(s) among sectors will not only boost output growth but also impact on the real economy. However, the necessary policy strategy to regulate this inflow is vital to mitigate its negative impact on domestic investment and inflation pressure.

Keywords

  • Foreign direct investment
  • growth
  • panel data
  • causal analysis
  • fixed effect
  • OECD

JEL Classification

  • F21
  • F35
  • F43
Open Access

The Influence of VAT Variation on the Damages Resulting from Fraud in the Romanian Economy

Published Online: 20 Oct 2020
Page range: 111 - 131

Abstract

Abstract

The purpose of this article is to determine the influence of the VAT rates variation, on different fields of activity of national economy, on the damage caused to the state's consolidated budget, from the point of view of the damage caused and damage recovered the damage that is caused by economical-financial offenses. Between 2011 and 2019, the VAT rate registered a continuous decrease from 24% to 19%, which significantly reduces the amount of damage caused and recovered.

Our study intends to point out the fact that in Romania, the various VAT rate had a major income on the damage caused as well as the damage recovered, thus leading to a decrease in several fields of activity. On the opposite side, there were fields of activity where a major increase of damage was registered, considering that the VAT rate decreased all along the period of time analyzed, such is the case of recycled materials. In some cases, the VAT decrease determined significant diminution of the damage caused and not of the damage recovered and in other cases, it had an effect only on the damage recovered or had no effect at all.

Keywords

  • economic-financial crime
  • fraud
  • VAT
  • damage

JEL Classification

  • H21
  • H26
  • K14
  • K41
Open Access

Economic Evolutions During the Cold War – Romania in the COMECON (1949-1965)

Published Online: 20 Oct 2020
Page range: 132 - 145

Abstract

Abstract

The purpose of this work is to present objectively and documented the evolution of Romania within the Council of Mutual Economic Aid (C.M.E.A. or C.O.M.E.C.O.N.) during 1949-1965. Choosing this period of time is not random: in 1949 COMECON was established at the initiative of Moscow, and the year 1965 represented the peak of the “dissidence” politics of Romania within the Council. The Romanian economy after the Second World War followed largely the same path as the other economies in Eastern Europe that entered the sphere of influence of the Soviet Union. The war and the new international situation in which Romania found itself at its end determined a dramatic rupture with the economic model followed in the interwar period. In the run-up to the end of the world conflict, the main interest of the hegemonic power in Eastern Europe, the Soviet Union, was to benefit from the resources of the countries in the area to compensate for the immense damage caused by the war. The exploitation of Eastern European economies intensified after Moscow became aware of the impossibility of obtaining substantial war reparations from Germany.

Keywords

  • centralization
  • nationalization
  • planning
  • industrialization
  • foreign trade

JEL Classification

  • F13
  • F15
  • F53
7 Articles
Open Access

The Correlation Between CO2 Emissions and GDP in a Sustainable Development Framework Using Kuznets Environment Curve

Published Online: 20 Oct 2020
Page range: 1 - 23

Abstract

Abstract

After 1990, the problem of finding econometric models to assess the influence of economic development on the environment becomes a global goal, a central element of regional, national and Community policies. A perception on the evolution of global climate change and on the impact of human activity on them has been determined by the hypothesis that in the early stages of economic development, pollution and incomes are growing almost simultaneously, and beyond a certain level of incomes, the trend is reversing, therefore at high levels of incomes and economic growth occur improvements in environmental conditions. In this paper, we aim to analyze the relationship between the level of pollution (CO2 emissions) and revenues (GDP per capita) using the Kuznets Environmental Curve (EKC). To apply the econometric model, two indicators were used: CO2 emissions and GDP per capita, using a panel analysis for the period 2000 - 2016, which included 31 European countries and 527 observations. The article contributes to the development of econometric applications based on panel data and the Kuznets Environmental Curve.

Keywords

  • Kuznets Environmental Curve
  • sustainable development
  • econometric analysis

JEL Classification

  • C2
  • C23
  • C32
  • C33
Open Access

Ease of Doing Business and Capital Market Development in a Demand Following Hypothesis: Evidence from ECOWAS

Published Online: 20 Oct 2020
Page range: 24 - 54

Abstract

Abstract

Capabilities of African businesses in a transformative role in solving the continent‘s challenges are underestimated and misunderstood. This study examined ease of doing business and financial development from a demand following hypothesis in the West African sub-region, employed Structural Equation Model covering the period of 2004 - 2017. Ten ease of doing business indicators and five distinct financial (capital market) development variables from the World Bank database were used. Findings indicate weak demand following the hypothesis of capital market development: positive and negative, depending on the measure of capital market development from the ease of doing business for West African countries majorly because of inadequate electricity. The indirect effect of the construction permit, property registration, access to credit, minority investors‘ protection and cross-border trading are indirectly significant to capital market development while starting a business, tax-paying, contract enforcement and settling insolvency are insignificant. The study recommended roadshow by West African capital markets to improve the listing of companies and the government should improve on the electricity supply.

Keywords

  • Doing business
  • financial development
  • demand following
  • SEM
  • ECOWAS

JEL Classification

  • F15
  • M13
  • O16
  • O55
Open Access

Analysis of ICT, Power Supply and Human Capital Development in Nigeria as an Emerging Market Economy

Published Online: 20 Oct 2020
Page range: 55 - 68

Abstract

Abstract

This paper analyzed the impact of information and communication technology (ICT) and power supply on human capital development in Nigeria as an emerging market economy. The study adopted the Classical Linear Regression Model for the empirical analysis. The result showed that ICT, power supply (proxied by electricity consumption) and population impact positively on human capital development, while infant mortality has a negative impact on human capital development in Nigeria. The impact of ICT on school enrolment suggests that technology is fast evolving and new technologies are preferred to old ones. The study, therefore, recommended that Nigeria should follow in the trend of ICT globally in harnessing her human capital endowments. In conclusion, the Nigerian government should harness her ICT and electric power potentials and develop the human capital available to her to prevent the emigration of her human resource endowment to more resilient and promising economies.

Keywords

  • Information and Communication Technology
  • Power Supply
  • Human Capital

JEL Classification

  • D83
  • E24
  • J24
  • L94
  • L96
Open Access

Fostering the Mediating Role of the Feeling of Belonging to an Organization Among Romanian Members of Generation Z

Published Online: 20 Oct 2020
Page range: 69 - 91

Abstract

Abstract

The addition of Generation Z/Centennials to the workplace landscape will bring about new challenges for the management of any organization. To tackle the changing work environment and workforce, we conducted a survey-based empirical exploratory study among students in economics from two universities located in the western part of Romania. Our study proposes an alternative view of the motivational potential, including the feeling of belonging to an organization in work settings. The aim was to explore the potential for the feeling of belonging to play the role of mediator between four distinct career attitudes and the turnover intention in the specific case of Romanian Generation Z members. Additionally, we investigated which variables are significant predictors for the feeling of belonging to an organization. The results indicate that is efficient to invest in creating belongingness for those Generation Z members inclined towards making moves between jobs and organizations (OMPA), for those who present the mental capacity to be mobile (BMA) and for those who can be adaptive in terms of performance and learning demands (SDA). For those Romanian Generation Z members who use their internal values to provide guidance and measure for success, including the feeling of belonging to an organization in work settings seems to be inefficient.

Keywords

  • Generation Z
  • Romania
  • career attitude
  • feeling of belonging
  • turnover intention

JEL Classification

  • M10
  • M12
Open Access

Causality Analysis of Disaggregated FDI Inflows on Sectorial Growth in OECD Area

Published Online: 20 Oct 2020
Page range: 92 - 110

Abstract

Abstract

This article revisits the link between disaggregated Foreign Direct Investment (FDI) inflows and sectorial growth using the panel dataset of 25 Organisation for Economic Co-operation and Development (OECD) countries for the period 1990 to 2017. It adopted the panel fixed effect and Feasible Generalized Least Squares Approach in its analysis. The findings show that disaggregated FDI inflows have the potential to improve growth in the OECD area with adverse effects on domestic investment and inflationary pressure. Additionally, the results further indicate that disaggregated FDI inflows have a positive and significant relationship on the service and manufacturing sector but with no evidence shown on the agricultural industry. Thus, the study concludes that efficient reallocation of FDI resource(s) among sectors will not only boost output growth but also impact on the real economy. However, the necessary policy strategy to regulate this inflow is vital to mitigate its negative impact on domestic investment and inflation pressure.

Keywords

  • Foreign direct investment
  • growth
  • panel data
  • causal analysis
  • fixed effect
  • OECD

JEL Classification

  • F21
  • F35
  • F43
Open Access

The Influence of VAT Variation on the Damages Resulting from Fraud in the Romanian Economy

Published Online: 20 Oct 2020
Page range: 111 - 131

Abstract

Abstract

The purpose of this article is to determine the influence of the VAT rates variation, on different fields of activity of national economy, on the damage caused to the state's consolidated budget, from the point of view of the damage caused and damage recovered the damage that is caused by economical-financial offenses. Between 2011 and 2019, the VAT rate registered a continuous decrease from 24% to 19%, which significantly reduces the amount of damage caused and recovered.

Our study intends to point out the fact that in Romania, the various VAT rate had a major income on the damage caused as well as the damage recovered, thus leading to a decrease in several fields of activity. On the opposite side, there were fields of activity where a major increase of damage was registered, considering that the VAT rate decreased all along the period of time analyzed, such is the case of recycled materials. In some cases, the VAT decrease determined significant diminution of the damage caused and not of the damage recovered and in other cases, it had an effect only on the damage recovered or had no effect at all.

Keywords

  • economic-financial crime
  • fraud
  • VAT
  • damage

JEL Classification

  • H21
  • H26
  • K14
  • K41
Open Access

Economic Evolutions During the Cold War – Romania in the COMECON (1949-1965)

Published Online: 20 Oct 2020
Page range: 132 - 145

Abstract

Abstract

The purpose of this work is to present objectively and documented the evolution of Romania within the Council of Mutual Economic Aid (C.M.E.A. or C.O.M.E.C.O.N.) during 1949-1965. Choosing this period of time is not random: in 1949 COMECON was established at the initiative of Moscow, and the year 1965 represented the peak of the “dissidence” politics of Romania within the Council. The Romanian economy after the Second World War followed largely the same path as the other economies in Eastern Europe that entered the sphere of influence of the Soviet Union. The war and the new international situation in which Romania found itself at its end determined a dramatic rupture with the economic model followed in the interwar period. In the run-up to the end of the world conflict, the main interest of the hegemonic power in Eastern Europe, the Soviet Union, was to benefit from the resources of the countries in the area to compensate for the immense damage caused by the war. The exploitation of Eastern European economies intensified after Moscow became aware of the impossibility of obtaining substantial war reparations from Germany.

Keywords

  • centralization
  • nationalization
  • planning
  • industrialization
  • foreign trade

JEL Classification

  • F13
  • F15
  • F53

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