CONTEMPORARY ECONOMY JOURNAL

16-22

Authors: Emil DINGA

The paper aims to analyse, from a critical point of view, the standard models of economic growth which are based on the consumption as command variable within a post-keynesian economy. To this end, firstly, the study identifies the theoretical macroeconomic variables which can stay as proxies for consumption (for example, the wage), extracting the pros and cons arguments for every of them. Finally, the paper provides a set of arguments in favour of considering the consumption as an appropriate macroeconomic variable to model the economic growth, especially in the post-pandemic COVID-19 period, based, of course, on taking into account the economic sustainability on medium and long term.

29-37

Authors: Teodora Maria SUCIU (AVRAM)

The analysis of the possibilities by which the expenses can be measured in the clothing industry in Romania, is the starting point of this research. We consider it useful to know the ways of measuring the expenses at the level of companies, in order to obtain a greater profit, by using as little resources as possible. The results of the empirical study are satisfactory, in the sense that through the safety interval of the average of the expenses, it is possible at any time to check the state of the company's performance. Therefore, according to the results of the proposed model, the company that is the subject of the case study should find solutions to reduce the operating and financial expenses existing in 2017.

50-57

Authors: Aurelia DUCA, Corina GRIBINCEA, Alexandru GRIBINCEA

The problem of ensuring the conditions of sustainable development is one of the most frequently discussed theme at international summits and meetings at different levels. The international community has recognized the degree of responsibility for future generations and outlined the concept of further development, but there are still difficulties in its implementation. The lack of uniform methodological approaches for the transition to a new development path, the lack of development of financial mechanisms and models of cooperation between international organizations and local communities - all require generalizations of modern experience and practical actions on the path to sustainable development. In this regard, the authors analyzed innovative financial approaches used for economic sustainability.

66-82

Authors: Angela TIMUȘ, Alexandru CEBAN

From ancient times the shadow economy has always found various ways and means to have its presence in any national economy in various forms. The development of this phenomenon leads to an economic activity parallel to the official one, which will eventually lead to the loss of control of the state authorities. The paper aims to make a general analysis of the theoretical aspects of shadow economy, being focused on concept approach, methodology of evaluation, as well as presentation of some countries’ experience in assessing the shadow economy. Taking into account that the paper has a pronounced theoretical character, the research methods are mainly focused on bibliographic research of foreign and local articles of scholars who dedicated their work to assessing the shadow economy. At the same time, a series of other scientific research methods have been used such as: the logical-abstract method, the method of comparison, the monographic method, etc. The main results are focused on development of an own definition of shadow economy by the authors and assessment of evaluation methods through their advantages and limits.

90-102

Authors: Patricia Amalia MERCEA (HANDRO)

Understanding how real economy adjust to the exchange rate fluctuations enables us to anticipate the effects on inflation, capital market, exports, as well as the monetary policy responses. This study examines the extent of the exchange rate pass-through to the real economy (consumer price index, industrial production, capital market, exports, interest rate) in Bulgaria, Czech Republic, Poland, Romania, and Hungary over the 2008M01-2019M08 period. A Vector Autoregressive analysis using impulse-response functions supported the results for the short term and found a lower degree of passthrough for the exchange rate shocks for all CEE countries. The results of its econometric analysis show that the degree of the exchange rate pass-through is incomplete. The conclusion is that exchange rate remains an important instrument for monetary policy in these economies.

115-123

Authors: Nicoleta MIHĂILĂ

This paper proposes several directions for adapting taxation to promote the stability and competitiveness of Romanian companies, directions that have as a starting point the current situation in Romania, from a fiscal perspective. These directions include: increasing tax revenues to the state budget (in this context we present comparative aspects on the situation of tax revenues in Romania and the EU), increasing the level of collection, stimulating investment in research and development through fiscal facilities, increasing tax compliance, fiscal predictability. In this regard, we used data provided by World Bank reports, the Fiscal Council as well as the report prepared by the World Bank and PwC, Doing Business.

130-133

Authors: Georgiana-Gabriela IACOBUȚĂ

The aim of this paper is to analyse the impact of strategic planning in the development of public transportation. Therefore, we conduct a short literature review concerning the relation between strategic management, in general, and the development of public transportation, and, more specifically, different aspects of strategic planning in relation to the development of public transportation. We include both theoretical views on the subject and empirical studies in different regions and states which show the effect of strategic planning on the changes related to public transportation.

141-148

Authors: Gabriela-Mariana IONESCU

The paper aims to examine two paired phenomena in the fiscal process (more exactly, in the budgetary obligations collecting), namely multiplying and dividing. The multiplier of the fiscal collecting indicates how and how much the fiscal evasion could increase the budget receipts (if the fiscal administration does work), while the fiscal divisor indicates how and how much the fiscal evasion could decrease the budget receipts (if the fiscal administration doesn’t work). The two indicators are algebraically modelled, and some empirical data are used in order to illustrate the mechanisms of multiplying and dividing, respectively, regarding the budgetary receipts when the voluntarily conformation to pay the budgetary obligations leaves to be still desired.

155-160

Authors: Mihaela PREDA

The modern conception of economy bases the conceptualism of finances on judgment, logic and practicability, which leads to the increasing of the benefit and to the importance of the organization. Finances are represented by the financial resources of the organization that performs its functions. In order to provide the products and services useful to the society, both the public and the private domain are needed. The private domain has a competitive economy with products and services made from private capital. The public domain has a forecasted, concentrated economy, the products and services being made from public funds. Public finances are made up of resources, expenses, loans and public debts associated with the state, the public and administrative-territorial authorities, and are materialized in the public budget. Private finances are made up of resources, expenses, loans, receivables and payment obligations of private organizations. Banks and other financial institutions that attract capital form the financial market. Financial management provides the institution with the resources it needs. Financial management can be defined as the science that studies the processes of leading, predicting, organizing, training and controlling the financial capital available in the organization in order to achieve the proposed objectives. The organization is a system, a set of sides that interact, perform processes or solve tasks in order to achieve the proposed objectives. This is made of inputs, processes, outputs and control or feedback.

170-174

Authors: Isabela STANCEA

The right to information is a fundamental human right, guaranteed by international law and which has been transposed into Romanian law. Information has an essential role in social progress, in promoting social values, being also called "the oxygen of democracy". The individual's right to information underlies his participation in the life of society, in democratic accountability and information must flow in a free flow, in two directions, from society to the citizen and vice versa. In most democratic countries, and not only, this right is stipulated in legal texts of the highest level (constitutional texts), but unlike other rights, this is a relative right and not an absolute one, being susceptible to restrictions or limitations. The limitation of the right to information must be proportionate to the interest protected by this restriction on the exercise of the right.

180-185

Authors: Delia TESELIOS, Mihaela SAVU

The evolution of Artificial Intelligence is closely linked to the evolution of technology. Thus, the increasing computing power of computers, their ability to perform more and more complex tasks, the access to very large volumes of data, the use of graphical processing units, are some of the elements that have contributed to the development of Artificial Intelligence, which has nowadays an active role in our daily lives. This paper aims to present the impact that the adoption of Artificial Intelligence has on the economic environment, through an analysis of some fields of activity together with a series of processes corresponding to each field.

195-200

Authors: Loredana Maria PĂUNESCU

In recent years, it found that universities attach great importance to participation in projects relating to the insertion of graduates in the labor market, both as coordinator and partner institution allocating significant human and material resources for the successful development of these projects. In this respect, the analysis carried out we started to focus on one of the problems in Romania, namely, that today, few graduates fail to integrate rapidly into the labor market. In fact, it is known that the labor market is the relationship between young graduate and employing companies. However, job security, one of the important conditions for graduates is endangered by the current economic crisis. Job loss is one of their main concerns given that supply is more limited than at the time of their enrollment in the labor market. Also, high rates of unemployment indicate their main difficulties that they experience in graduation-work transition. Better education and access to education for gaining greater stability in the labor market would allow natural insertion in the labor market. Also, high rates of unemployment indicate their main difficulties that they experience in graduation-work transition. In recent years, many young people graduate from university increased significantly in recent years. Of course we can not isolate statistical data quality workforce, amid the transformation of higher education in mass education, which often hide masked youth unemployment by delaying the integration into the labor market and further studies. However, this statement regarding the level of education required for a post became widespread labor market in Romania, in the sense that, even for jobs that would normally be performed by persons with secondary education is required diploma University studies. Also, in recent years we have witnessed an excess of demand for jobs in relation to the supply of the market. The current economic situation and the situation on the labor market leads university graduates to settle for work that you have, even if it does not meet their expectations.