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Aerul ?i Apa : Componente ale Mediului , 2011,
Abstract: Nowadays the entire world is confronting with different serious problems: economic crises, climate changes, increase of the population and many others. The accelerate rhythm of climate changes in the last years strongly affects the agriculture system. In this paper we will focus on the evolution of mean temperature and its effects on agriculture. The continuously global warming generates extreme meteorological phenomena, especially floods and heavy rains that destroy the crops. We will also analyze the existing situation in Romania related to agriculture risks (influenced by meteorological phenomena), the modalities that the Romanian Government and the insurance companies come to help the agriculture companies to decrease the exposure to specific risks. In conclusion, we will present pertinent solution for agriculture system in order to manage the delicate problems caused by climatic changes in Romania.
Andries Alin Marius,Capraru Bogdan
Annals of the University of Oradea : Economic Science , 2011,
Abstract: Recent turmoil in the global financial system has impacted severely on the banking sector with many banks suffering large losses and necessitating the need to raise additional capital privately or through their respective national governments. In our study we investigate the impact of structural reforms performed throughout the European Union (EU) accession process on competition and contestability of banking systems in Romania. The literature of the measurement of competition can be divided into two major approaches: structural and non-structural. The structural approach to the assessment of competition embraces the Structure-Conduct-Performance Hypothesis (SCP) and the Efficient Structure Hypothesis (ESH). The structural approach, as the name suggests, assesses bank competition by examining measures of market structure such as concentration ratios (the share of assets held by the top 3 or 5 institutions) or indices (e.g., the Herfindhal-Hirschman index) and supposes that higher concentration in the banking market causes less competitive bank conduct and leads to higher bank profitability. The SCP model is originally developed by Bain (1956). The second approach, ESH, developed by Demsetz (1973) and Peltzmann (1977) suggests that the superior performance of the market leaders determines the market structure, implying that higher efficiency produces both higher concentration and greater profitability. The non-structural indicators of competition are mainly based on the measures of monopoly power developed by Lerner (1934). The Lerner Index suggests the mark-up of price over marginal cost. An alternative non-structural indicator of the degree of market competition is the Panzar and Rosse (1987) H-statistic. The H-statistic measures the extent to which changes in banking costs are reflected in changes in banking revenues. In order to examine the level of competition and market power of banks in Romania for period 2003 - 2009, we estimate the non-structural indicators and compare it with the structural indicators of competition. In particular, we measure competition using Lerner index and the H-statistic, indicators what are estimated using bank-level data and are compared with a standard market structure measure of concentration like HHI and CR5. There are no other studies that measure both structural and non-structural competition indicators for Romanian banking sector. Also, our assessment contains a period of seven years including the begging of the implications of the present international financial crises on Romanian banking sector. The structural in
Regulation Strategy in Natural Gas Sector. The Romanian Case
Coralia Angelescu,Aura Socol
Theoretical and Applied Economics , 2006,
Abstract: This study provides a methodological analysis to evaluate the regulation strategy in Romanian natural gas sector. The market oriented reforms are not only associated with the gap between internal prices and world prices. In the same time, the market oriented reforms are mixed with the other forms of government intervention. The industry network theory provides a good pillar for maintaining natural monopoly in public utilities. The conclusions which are presented in this article offer a good theory for the activity of the National Authority of Regulation in Romanian natural gas sector.
The Impact Of The Industrial Sector On Romanian Employment  [cached]
Journal of Knowledge Management, Economics and Information Technology , 2011,
Abstract: Through our study we aim to highlight the place and role of the Romanian industry in the national economy and its impact on employment in the last twenty years. Moreover, we intend to underline the regional gaps determined by the role and place of the industry at regional level. The results of our analysis carried out based on the statistical data between 1990 and 2009, show, on the one hand, the deindustrialization of the economy based on the reduction of the industry’s contribution to GDP as well as to civil employment, and on the other hand, the negative impact that the industry’s evolution had on employment. For the industry to generate new jobs and sustainable economic growth, we consider that it is necessary to turn our industry into a more efficient one and to increase its adaptability to the market’s demands.The results of this paper consist of original heterodox methods presented, intuitive or developed that can be found conclusively within the key proposals for education and regulation.
Current Challenges and Future Trends for Romanian Small and Medium Enterprises: An Empirical Study
Ionica Oncioiu
Advances in Management and Applied Economics , 2013,
Abstract: This study is an exploration of the dynamics of the present Romanian SME’ landscape. I offer first an overview of the characteristics of Romanian entrepreneurship and of the general impact of the recent crisis on the Romanian SME. I outline further the main constraints faced by the SME in the specific Romanian context and sketch current trends of Romanian SME. I employ hereby an econometric model - Markov chains - which I state as rewarding when investigating the evolution of SME, and apply it to a set of empirical data (SME from Romania’s South-Eastern region), in order to assess the evolution of these Romanian SME during the period 2007-2011. I present further two scenarios for the evolution of Romanian SME for the current and next period (up to 2016). Based on the results of this analysis, I formulate in the conclusions a set of recommendations which are aimed at supporting the consolidation of the Romanian SME sector.
Gyorgy Attila
Annals of the University of Oradea : Economic Science , 2009,
Abstract: This article proposes to present some general issues related to budgetary transparency (principles promoted especially in UE and OECD countries). Further, these we analyze how these principles are and could be implemented by Romanian local level. After pr
Trenca Ioan,Zoicas-Ienciu Adrian
Annals of the University of Oradea : Economic Science , 2010,
Abstract: A series of studies on liquidity management have appeared during the financial crisis, many of them comparing the funding liquidity with the market liquidity. The paper offers a dynamic image about the liquidity in the Romanian banking sector and its integration with the market risk, comparing the Value at Risk approach with the Liquidity at Risk approach. The research also wants to highlight the most significant features to consider in order to implement an effective liquidity risk management and to achieve a more integrated supervisory framework.
Catana Adina
Annals of the University of Oradea : Economic Science , 2012,
Abstract: In order to observe the impact of the economic crisis of consumera€ s behaviour on the Romanian retail market, I focused my research on the evolution of consumption expenditure of households. I studied aspects from European Union and Romania. The study is based on the research taken in the project of PhD research with the theme: The impacts of Economic Integration on Romanian Retail. I used data from Eurostat, the Romanian Statistical Institution, specialised studies etc.
Surugiu Camelia,Surugiu Marius-R?zvan,Frent Cristi,Dinc? Ana-Irina
Tourismos : an International Multidisciplinary Journal of Tourism , 2012,
Abstract: Investments represent a powerful tool for an enterprise to stimulate economic performance, productivity, and competitiveness in the medium and long term. This paper analyses the relationship between investment and the turnover of active enterprises operating in the hotel and restaurant sector through the construction of a pool data equation created for the eight development regions in Romania (North-East, South-East, South-Muntenia, South-West Oltenia, North-West, West, Centre, Bucharest-Ilfov, for the period 1999 2007. The Romanian tourism sector is still perceived as fragile, even after 20 years of turning into a market economy, as incomplete transition affects the development of various economic sectors and thus also of tourism. The important question is how strongly investment in the hotel and restaurant sector impacts regional development.
Romanian Tourism Facing Labour Shortage
Cristina Simon,Dan Popescu,Iulia Chivu
Acta Universitatis Danubius : Oeconomica , 2008,
Abstract: The purpose of this paper is to present the main tendencies in the Romanian tourism and their impact on the labour market. The first partof the paper presents the main tendencies in travel and tourism sector. The second part of the paper focuses on the challenges of the labour market inthe hotel sector, highlighting essential aspect related to the declining of population, shortage of the workforce, emigration, financial compensations.The final part exposes few ideas and possible suggestions that can be applied into the travel and tourism sector in order to better manage the multipledimensions of growth.
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