107 research outputs found
Real convergence and integration
No full textThe study is based on the critical observations that competitive market forces alone are not able to assure convergence with the developed countries. These observations are grounded on the results of the computation of the marginal rate of return to capital (which contradict the neoclassical model hypotheses), as well as on the real process of polarisation of the economic activities, taking place worldwide and in accordance with the law of competition. Unlike those who trust the perfect competitive market virtues, the EU’s economic policy is realistic as it is based on the harmonisation of the market forces with an economic policy based on the principle of cohesion, which supports, by means of economic levers, the less developed regions and member countries. This paper deals with the evolution of the EU cohesion funds, as well as with the results of convergence.Neoclassical model, marginal rate of return on capital, polarisation, convergence, divergence, cohesion, cohesion funds, structural funds, variation coefficient.
Real Convergence and Integration
No full textThe study ** is based on the critical observations that competitive market forces alone are not able to assure convergence with the developed countries. These observations are grounded on the results of the computation of the marginal rate of return on capital (which contradict the neoclassical model hypotheses), as well as on the real process of polarisation of the economic activities, taking place worldwide and in accordance with the law of competition. Unlike those who trust the perfect competitive market virtues, the EU’s economic policy is realistic as it is based on the harmonisation of the market forces with an economic policy based on the principle of cohesion, which supports, by means of economic levers, the less developed regions and member countries. This paper deals with the evolution of the EU cohesion funds, as well as with the results of convergence.Neoclassical model, marginal rate of return on capital, polarisation, convergence, divergence, cohesion, cohesion funds, structural funds, variation coefficient.
Economic Convergence. Applications - Second Part -
No full textReal convergence is an essential objective of Romania’s integration into the EU. Bridging the development gaps between Romania and the EU as soon as possible cannot be achieved exclusively through market forces, since they rather tend to cause divergence and polarization. For this purpose, special tools and mechanisms are required; e.g., cohesion. The study deals with the economic convergence of the European countries, and especially the convergence of the CEE countries, including Romania. Models are used to assess the economic growth, approximate the period of real convergence of Romania to the EU, as well as to estimate the s- and ß-convergence, and the main shortcomings of the last indicator. Second part comprises some models and evidence of the economic growth and convergence.Real convergence, divergence, regression method, return to capital, s-convergence, ß-convergence
Academician AUREL IANCU – Omagiu la 80 de ani
No full textÎn cei aproape 50 de ani de activitate în domeniul cercetării economice, Aurel Iancu a publicat peste 250 de studii ştiinţifice, din care 19 cărţi (12 autor unic şi 7 în colaborare şi coordonare) şi a îngrijit publicarea în limba română a 7 volume şi 10 cărţi „Opere complete” ale lui Nicholas Georgescu-Roegen.
ASSESING THE IMPLEMENTATION OF REAL CONVERGENCE IN ROMANIA
No full textThe convergence is an essential objective of the integration process of Romania in the European Union. Minimizing gaps in the level of development that arise between Romania and the average European Union can not be achieved solely through the use of marconvergence, European Union, real convergence
ROMANIA'S REAL CONVERGENCE TO THE EUROPEAN UNION Dragos Mihai Ungureanu , Permanent Representation of Romania to the European Union Ruxandra Dana Vilag, Romanian-American University Bucharest George Horia Ionescu, Romanian-American University Bucharest Florian Bogdan Stoian, “Lucian Blaga†University of Sibiu
No full textIn the process of European integration, switching in 1999 to the third stageof Economic and Monetary Union, has intensified the need to coordinate economic andsectoral policies of the Member States. The process of coordination is necessary toharmonize national economic policy objectives in order to minimize the negative impactof economic policy measures taken by some member countries to other member countriesand reduce the temptation for Member States to have behavior riders. Real Convergenceis an essential goal of Romanian integration into the European Union. Attenuation of thedevelopment gaps maintained between Romania and the EU can not be achieved solelythrough the use of market forces. Economic transformations occurring globally andincreased risk aversion contributed to a signifiant reduction of capital flows to Romania,increased pressures upon exchange rate.Real convergence, nominal convergence, integration, European Union
Transition, integration and convergence - The case of Romania -
No full textThis volume comprises several studies and papers published in the last decades. They have been selected and ranged so that to provide a minimum of coherence concerning the phases which Romania has crossed in her way to the advanced socio-economic system of European type: transition to the market economy, accession to the EU, the economic convergence in the three fundamental domains: institutions, real economy, and nominal economy. The readers may find in this volume a description of debates, difficulties and solutions adopted for building-up the market economy by a state being in a profound transformation from weak transition institutions towards hard democratic institutions. Because the transition to the market economy and the association of Romania with the EU and then the integration presenting strategic political decisions, I have included in this work two studies devoted to the political forces state and political parties that elaborated and applied these strategic decisions underlining their structure, role and function and their transformation. Integration into the EU of a country like Romania, which emerged from a different system comparing with the West-European one, has proved to be difficult and lasting many years because of the structural transformations. In five chapters I am referring to the essential characteristics of the integration process, such as: market liberalization, competitiveness of the local (national) firms on the national and EU markets, institutional reforms so that the institutions of candidate countries have to become compatible with those of the EU and finally the perspective assessment to find out the real and nominal convergence. Putting into practice the EU competitivity and cohesion principles, Romania has good prospects to close, in a reasonable time, the economic gap and to be admitted into the Euro Zone. Although the real convergence of Romania with the EU requires higher growth rates for the former, a new approach is compulsory to take into consideration the environment quality, the natural resources and the equity between the present and the future generations as natural resource consumers. Just these problems have determined me to include in this volume the last two chapters which, on the one hand, try to prove the necessity of the economy growth harmonization with the environment evolution as well as the saving of the energy resources, and, on the other hand, to point out the main ways to be followed and instruments to be used
Pandemicfridge: Collaboration at a Distance
No full textThe Covid-19 pandemic affected all aspects of contemporary life, from how we work to how we shop, travel, and eat. Previously banal activities such as going to the grocery store became challenging and anxiety-inducing, with a new level of danger associated with leaving one’s home. To document and respond to this global experience, Jennifer Scheuer, assistant professor in printmaking at Purdue University, and I began collaborating on a series of collages titled #PandemicFridge. The project investigates the idea of care, nourishment and sustainability through the motif of the fridge, both literal and metaphorical. Our practice emerged from the pandemic and is indelibly marked by it: the new ways of working we have developed are informed by this experience as we were forced to find workarounds and new avenues to pursue our workThis article is published as Iancu, R., #PandemicFridge: Collaboration at a Distance and the title of the journal is IMPACT Printmaking Journal.; https://impact-journal-cfpr.uwe.ac.uk/index.php/impact/article/view/110/117. Copyright @ 2024 Raluca Iancu Presented at IMPACT 12 Conference, Bristol, UK, The Printmakers’ Voice, 21-25 September 2022. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) and the copyright owner(s) are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms
Convergenţa nominală
No full textThis study offers from the beginning a survey about the institutional construction in the pre- and post-adhesion stages to European Economic and Monetary Union, about the exchange rate mechanism applied by the different countries and about convergence criteria.convergence criteria, exchange rate, exchange rate mechanism, euro zone, Balassa-Samuelson effect, marketable goods, non-marketable goods, the deviation index of exchange rate, equilibrium, appreciation, depreciation, purchasing power parity
Convergenta Institutionala si Integrarea in UE
No full textIn this study, we describe the essence and role of the institutions in the modern economic systems, the main issues concerning the institutional convergence in relation to the EU integration, the institutional capital and the impact of the quality and effectiveness of the institutions on filling the economic gap between countries, in the context of the implementation of the European integration strategy. * Study within the CEEX Programme – Project No. 220 “Economic Convergence and Role of Knowledge in Relation to the EU Integration”.Rules, formal institutions, informal institutions, transaction cost, integration, acquis, compliance, institutional capital, regression
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