Search

This paper starts from the idea that the key determinants for economic growth can be: smart growth (promoting knowledge, innovation, education and the digital society), sustainable growth (a more competitive production, with a better use of resources) and an economic growth that promotes togetherness (higher workforce participation, acquiring skills and the fight against poverty). I have also considered the fact that economic growth cannot be made at random, but has to consider the characteristics, as well as strong and weak points of the counties that are being analyzed. Notes so far are complemented by the analysis of some benchmarks for the economy of the EU countries (GDP, employment rate of labor, employment rate of dropping school, amount of GDP allocated to Research&Development, human poverty index). EU interest in obtaining long-term prosperity lies in analyzing the factors that contribute to this objective. Evaluation of the benchmarks and factors impacting economic growth highlights the purpose of this paper and its importance for the XXI century society. Proposed strategies involve a thorough research on the current situation in Romania and in the EU and in this case I consider that the economies are intrinsically linked and no member state can effectively address global challenges in an isolated action.

The aim of the paper “The Impact of COVID-19 Pandemic on the Romanian Economy in the Year 2020” is to analyse the most important macroeconomic indicators of the Romanian economy in the year 2020 from the prospect of the impact of the COVID-19 pandemic in order to quantify the impact of the health crisis on the economic activity and the volume of foreign trade. We will analyse the evolution of the GDP, the unemployment rate, the gross public dept (5 of GDP) and the current account balance (% of GDP) in Romania, the evolution of the trade result and the inflation in Romania and compare the actual figures with the figures from the previous year without influecences from the Corona pandemic. After that, we will make some recommendation in order to reduce the negative influences for the Romanian economy and to improve the evolution of the Romanian GDP, to reduce the unemployment rate and the inflation in our country, to improve the trade result of Romania. In addition, we will present the general trends of economic evolution in the pandemic context and the opportunities that economic actors should take advantage of. The results of this analysis should be of real interest to decision-makers, investors, managers, students, the media, and other users in general.

The innovation and new information technologies have become crucial determinants to encourage competitiveness in all sectors of economy. This paper investigates the relationship between economic growth and digital skills. The analysis of the economic growth will be carried out with the help of the most representative indicator of results, respectively the gross domestic product (GDP). The starting point of the study is the analysis of the level recorded by GDP/capita and the level of digital skills for each EU member state, continuing with the perspective of the evolution of the link between the two indicators and the grouping of countries according to it. The results show similarities and dissimilarities between the EU countries and help us understand the progress of the EU28 countries towards a digital society and economy. Also, the study can be a necessary tool for decision makers, focusing on the important aspects whose evolution depends on the development of the Digital Single Market for Europe.

Romania, alongside of Bulgaria is among the poorer Member States EU-28. At the end of 2016, according to Eurostat, the share of people at risk of poverty or social exclusion was 38.8% of the country's total population, while the EU-28 average of 23.5%. At the same time, Romania has the fastest economic growth among the EU-28 member countries, which means that this growth is not evenly distributed in Romania: some regions have developed and others have not developed, have accentuated social inequalities within the country. This paper is a statistical review of poverty in Romania, which main scope is to highlight regional gaps. Our results show that both the economic and the social convergence have not been homogeneous at the level of the regions of the country, there are significant gaps between capital city and other regions of Romania.

The monetary policy rate is besides a monetary instrument and a monetary policy measure of the central banks. Communication of decisions on the level of official monetary policy rates targets the stability of prices. The confluence between the macroeconomic indicators and the monetary policy rate is the place where the monetary policy measures meet with the main indicators that reflect the state of the economy over a certain period of time. In this paper I will present a reflection on the situation of the main indicators: GDP, inflation and unemployment, as well as the monetary policy rate imposed by the central banks. As a method of research we used the analysis of the mechanism of transmission of monetary policy decisions at the confluence with the main macroeconomic indicators.

The paper presents a comparative analysis of Romania’s GDP and other European countries’ GDP, as a response to social media debate on the fact that Romania seems to have the highest economic growth. The purpose of the research is to signal a series of inconsistencies between the GDP indicator and the economic reality of a country. In this sense, we propose an assessment of the level of GDP in Romania and in other countries, as well as the growth rate of GDP. We also want to highlight other representative aspects of a country's assessment such as the debt ratio or the uneven income distribution, which are more representative than the GDP indicator. In this context, we want to emphasize that an isolated analyzer can distort the real image. At the same time, the issue is alarming if we recall some other negative events, such as the 2008-2009 period, when Romanian society, being encouraged by a fictitious explosion of GDP, has developed an unsustainable, debt-based economy.

This paper presents the evolution of the final consumption in Romania, as part of gross domestic product during the period 2009 - 2014. The analysis of the final consumption shows concern especially by observing the evolution of its two components: actual consumption achieved by households and the one achieved by public administrations. Final consumption has a high share within the gross domestic product, but the trend is one of diminishing it. The situation in which our country is found is no different from what occurs in other EU countries, where the final consumption has a significant share in GDP.

This paper aims to examine briefly some elements of macroeconomic aspects that could explain - at least partly - a number of causes of the current economic crisis in Greece. Using data provided by competent bodies, is intended as a more accurate outlining the differences between Greece and the other countries of the European Union member show widespread Greek State as an outlier among the countries that make up the current "U.E. 28 ". The analysis is based on three indicators relevant to the case – unemployment, government debt and nonperforming loans.

Human being should be seen as the most important asset of economic life, and its well-being should be considered as an important indicator in having a realistic account regarding the level of prosperity and evolution of a nation. Although the concept of GNH (Gross National Happiness) has been introduced by economists like Richard Layard, and we have the example of Kingdom of Buthan where happiness is the only measurement means for quantifying the well-being of the population, governments and even economy tend to completely ignore such a parameter. We are more involved in an increasing consumeristic society, in wars, fighting for supremacy, gaining more territories, producing and spreading disease and medicines and we are less and less preoccupied by the inner being, by the human beings around us, by our fellow creatures. This paper is an attempt to prove that GNH (Gross National Happiness) should be the means of measuring the prosperity of a nation, and replace at least partially GDP (Gross Domestic Product).

Transport is considered a priority field in any development context, especially if we take into consideration its interdependence with all other branches of national economy. Development of transports includes improving the road, railroad, river, sea and air services. Once the constant target for each country is reached – meaning the economic increase – we expect the problem of protecting the environment to gather more and more interest, and, of course, the results should be good. But the available statistical data shows that, especially in urban areas, atmospheric pollution represents a problem which has newer and newer dimensions, increasing in size, being a consequence of the urbanisation phenomena. We focused our attention on the main factors responsible for this pollution and we observed that producing energy and transport are its the main sources. We have chosen to concentrate our attention in this paper on the problem of transport, to analyse the link between economic indicators and those related to the evolution of the number of passengers that use public transportation and the number of registered passenger cars, underlining the need to come up with a sustainable transport. To test the relationship between these variables, we use a simple regression model, to show how the GDP influences the two variables, the number of passenger that traveled using mass transit means and the number of registered road vehicles in circulation at the end of the year.

This paper aims to examine the causal relationship between GDP and final consumption. The authors used linear regression model in which GDP is considered variable results, and final consumption variable factor. In drafting article we used Excel software application that is a modern computing and statistical data analysis.