Revista Tinerilor Economiºti (The Young Economists Journal)

More documents

Recommendations

Info

Economic Theories – International Economic Relations number of required procedures is 53). „Closing business” - Serbia is ranked the second among the countries which have improved the most regarding the closing business. Serbia has passed a new law on bankruptcy, which among others, has reduced the length of insolvency procedures and it has introduced unified reorganization procedures. Also, in 2008 Albania has passed a new law on bankruptcy, but it has no impact yet. 7. Conclusions In this paper, we have tried to answer to these questions: - Why foreign investors have invested in Albania? - Why foreign investors still hesitate investing in Albania? Regarding the first questions, there are many factors which have attract foreign direct investments to Albania, as geographic location, low labor cost, privatization process, natural sources, qualified labor force, the engagement of the government to improve the climate business in Albania (lowering the taxes, treating foreign investors equally to the domestic ones etc). Regarding to the second question there are many barriers to foreign direct investments in Albania too: high level of corruption, weak juridical system, informal economy, undeveloped financial system, poor infrastructure, instability in the region etc. However, comparing to the other countries in the region, Albania is doing well. But the Albanian government still do not have a well defined strategy to attract foreign direct investments in long-run, although the foreign direct investments have been announced as one of the priorities of the actual government („One Euro” initiative). REFERENCES 1. Huria, A. Trade logistic in South East Europe: Opportunities and challenges for private sector, 2009 2. Hynua, G.; Skudar A. The role of foreign direct investment in the Croatian Economy, 2006 3. Nakuci, V. Foreign direct investments – the promoter of growth in Albanian Zizo, k. economy, 2006 4. Skreli, E Governance and FDI in Albania, 2002 5. Ranieri, M. Foreign Direct Investments in Western Balkans, 2008 6. * * * http://www.cfpe2004.org/.../albania-foreign-investment-in-anemerging-market/ 7. * * * http://www.un.org.al/subindex.php?faqe=news&newsid=184 8. * * * http://www.albinvest.gov.al 9. * * * http://www.instat.gov.al 10. * * * http://www.unctad.org 11. * * * http://www.mete.gov.al 12. * * * http://www.bankofalbania.org 13. * * * http://www.minfin.gov.al 14. * * * http://www.doingbusiness.org/reports 15. * * * http://www.worldbank.org 16. * * * http://www.fdi.net 17. * * * http://www.gov.me/ResourceManager/FileDownload.aspx?rid=5467 1....2... 131
Revista Tinerilor Economişti (The Young Economists Journal) IMPLICATIONS OF AGGREGATE DEMAND ON EMPLOYMENT: EVIDENCE FROM THE ROMANIAN ECONOMY 46 Lect. Emilia Herman Ph. D 47 “Petru Maior” University Faculty of Economics, Law and Administrative Sciences, Tg. Mureş, Romania Abstract: The contribution of aggregate demand to employment creation is a fact universally accepted in the specialty literature, there being the idea that between aggregate demand and employment there is a direct and bivalent relationship. In our study we aim to highlight the influence of aggregate demand and its components (final consumption, investments and net export) on employment in Romania, in the period between 1990 and 2009. The results of this research show that, in Romania, in the last two decades, between agregate demand and employment, as well as between final consumption and employment we can identify a negative relationship, fact that comes in conflict with the economic theory. Moreover, the results of our study show that in order to increase employment in Romania we need to act so as to increase investments and to adapt the domestic supply to the requirements of the domestic and international market. JEL classification: E21, E22, E24, J23 Key words: aggregate demand, final consumption, investments, net export, domestic supply, employment. 1. Introduction Employment – is the main content, foundation of existence and operation of the labour market, it is its tough core. In relation to labour demand, employment is a dependent variable, derived from the status, structure and functionality of the other markets (goods and service market, capital market etc.), that are in interaction. According to the economic theory (especially the Keynes’s theory) the level, structure and evolution of employment or non-employment in a country are driven by the level, structure, and evolution of aggregate demand (made up of consumption, investment and net export), that in its turn is influenced by the quantitative and qualitative dimensions of employment [4]. As a rule, there is a direct and bivalent relationship between employment and aggregate demand. Also, the reduction of domestic supply of goods and services by replacing domestic production with supply provided by imports has as result the reduction of employment. J. M. Keynes, in “The General Theory of 46 Acknowledgements. This work was supported from the European Social Fund through Sectoral Operational Programme Human Resources Development 2007-2013, project number POSDRU-89/1.5/S/59184 „Performance and excellence in postdoctoral research in Romanian economics science domain” 47 Postdoctoral researcher, The Bucharest Academy of Economic Studies, Romania 132
Page 1 and 2:
Revista Tinerilor Economiºti Journ
Page 3 and 4:
REVISTA TINERILOR ECONOMIŞTI ISSN
Page 5 and 6:
What is happened when the rules are
Page 7 and 8:
THE IMPORTANCE OF COMMUNICATION IN
Page 10 and 11:
RECENT DEVELOPMENTS IN THE EU TAXAT
Page 12 and 13:
At the end of the 1990-2000 decade,
Page 14 and 15:
Regarding the tax burden related to
Page 16 and 17:
Indirect taxes are defined as the s
Page 18 and 19:
Source: Tax revenue in the European
Page 20 and 21:
EVALUATION OF MANAGEMENT PERFORMANC
Page 22 and 23:
cash flow statement may also be use
Page 24 and 25:
epaying loans or reducing registere
Page 26 and 27:
operating activity and partially fr
Page 28 and 29:
FINANCIAL REPORTING IN PUBLIC INSTI
Page 30 and 31:
Considering the leading role played
Page 32 and 33:
Thus, public institutions prepare t
Page 34 and 35:
� Financial reporting is a repres
Page 36 and 37:
COMPARATIVE ANALYSIS CONCERNING THE
Page 38 and 39:
In 2010, the number of large compan
Page 40 and 41:
In order to compare the average val
Page 42 and 43:
Figure no. 11 The structure of the
Page 44 and 45:
Finances - Accounting THE APPROACH
Page 46 and 47:
Finances - Accounting this guarante
Page 48 and 49:
Finances - Accounting labor mobilit
Page 50 and 51:
49 Finances - Accounting COHESION F
Page 52 and 53:
Finances - Accounting governments.
Page 54 and 55:
Finances - Accounting budget, provi
Page 56 and 57:
Finances - Accounting 3. * * * Regu
Page 58 and 59:
Management - Marketing - Tourism 2.
Page 60 and 61:
Management - Marketing - Tourism 3.
Page 62 and 63:
Management - Marketing - Tourism Mo
Page 64 and 65:
ASPECTS REGARDING THE MARKETING ENV
Page 66 and 67:
Management - Marketing - Tourism -
Page 68 and 69:
Management - Marketing - Tourism a
Page 70 and 71:
Management - Marketing - Tourism Su
Page 72 and 73:
Management - Marketing - Tourism pu
Page 74 and 75:
11. Homburg, C., Management - Marke
Page 76 and 77:
UNDERSTANDING RISK MANAGEMENT IN SM
Page 78 and 79:
Management - Marketing - Tourism or
Page 80 and 81:
Management - Marketing - Tourism as
Page 82 and 83: 26 Kotter J.P. , Cohen D.S. - Inima
Page 84 and 85: Management - Marketing - Tourism ch
Page 86 and 87: 85 Management - Marketing - Tourism
Page 88 and 89: Management - Marketing - Tourism pr
Page 92 and 93: Management - Marketing - Tourism im
Page 94 and 95: Management - Marketing - Tourism ri
Page 96 and 97: Management - Marketing - Tourism It
Page 98 and 99: RISK MANAGEMENT IN BUSINESS Managem
Page 100 and 101: decision-making process. 30 99 Mana
Page 102 and 103: Management - Marketing - Tourism Ac
Page 104 and 105: 7. Opran, C., Paraipan, L., Stan, S
Page 106 and 107: Management - Marketing - Tourism 3.
Page 108 and 109: Management - Marketing - Tourism Cr
Page 110 and 111: 4. Ioniță Ion Management - Market
Page 112 and 113: Management - Marketing - Tourism vi
Page 114 and 115: Management - Marketing - Tourism pa
Page 118 and 119: Economic Theories - International E
Page 152 and 153: Indicators Economic Theories - Inte
Page 154 and 155: Business Statistics - Economic Info
Page 180 and 181: obligation. Business Statistics - E
Page 182 and 183:
Business Statistics - Economic Info
Page 184 and 185:
Page 186 and 187:
Page 188 and 189:
Page 190 and 191:
Page 192 and 193:
Page 194 and 195:
Page 196 and 197:
2. Barrall I., Johnson, C., Trappe,
Page 198:
ISSN 1583-9982
show all

Revista Tinerilor Economiºti (The Young Economists Journal)

Create successful ePaper yourself

Delete template?

Save as template?