Revista economicaPub Date : 2021-12-30DOI: 10.56043/reveco-2021-0060
D. M. Sitea
{"title":"CHANGING THE PERSPECTIVES OF BANKING – COVID-19 PANDEMIC AND ITS EFFECTS ON THE ROMANIAN BANKING SECTOR","authors":"D. M. Sitea","doi":"10.56043/reveco-2021-0060","DOIUrl":"https://doi.org/10.56043/reveco-2021-0060","url":null,"abstract":"In the last decade, the banking system has seen increase and decrease, progress and stagnation, resilience and acceptance, in terms of digital. It is desired to automate a growing number of banking processes and adapt customers to the new digital phenomenon. But what actually happened before and during the COVID-19 pandemic? What was the behaviour of the customers? What about the banks? Looking both from the perspective of customers and banks, this research paper presents a comprehensive scrutiny of the impact that the pandemic had. Firstly, the article refers to the general background of Romania, by comparing the financial reports of the five most profitable banks in the national system and by analyzing the situation of cashless or closing local branches. Likewise, it is pursued the strategy embraced by the banks to deal with the global health crisis. Concerning the credit risk highly encountered in 2020, the paper analyzes how it has become more substantial due to the general circumstances, but also provides an overview of the situation in Romania. Furthermore, digitalization has spread to all areas, as lockdown has limited people’s movement, so their quotidian activities needed to be carried out from home. Consequently, banks have been forced to quickly come up with a solution. In this way, e-banking has entered into a new stage. 2020 marked an unforeseen progress, something that banks dreamed of before. Finally, the paper aims to a blunt attempt into what the pandemic has brought to the Romanian banking system, making certain assumptions for the years leading up.","PeriodicalId":85430,"journal":{"name":"Revista economica","volume":"37 9 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78213670","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Revista economicaPub Date : 2021-12-30DOI: 10.56043/reveco-2021-0048
C. David, D. Dumitrașcu
{"title":"CORRUPTION AND THE SHADOW ECONOMY - EFFECTS ON A COUNTRY’S ECOMICAL DEVELOPMENT","authors":"C. David, D. Dumitrașcu","doi":"10.56043/reveco-2021-0048","DOIUrl":"https://doi.org/10.56043/reveco-2021-0048","url":null,"abstract":"Corruption and the shadow economy represent an interesting and current topic in the field of business, because they are responsible for important economic and financial loses, for the governments and the economic and social future of one’s country. Therefore, the current paper aims to underline the concepts of corruption and shadow economy, the main types of corruption and how the shadow economy manifests itself in different economical systems as well as some methods of analysing the shadow economy size. We are presenting some interesting results of a secondary data research developed in order to understand the impact of the corruption phenomena on the economical results of certain European countries, as well as assessing the evolution of the Corruption Perception Index in the EU and its impact in the population perception of corruption, combined with pointing out how the shadow economy reduces the value of the GDP, by providing a comparative analysis of different countries.","PeriodicalId":85430,"journal":{"name":"Revista economica","volume":"16 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85384658","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Revista economicaPub Date : 2021-12-30DOI: 10.56043/reveco-2021-0053
Gabriela-Mariana Ionescu
{"title":"SIGNIFICANTS OF RAWLSIAN PRINCIPLES ASSOCIATED WITH VARIATIONS OF THE ECONOMIC INEQUALITY","authors":"Gabriela-Mariana Ionescu","doi":"10.56043/reveco-2021-0053","DOIUrl":"https://doi.org/10.56043/reveco-2021-0053","url":null,"abstract":"Considering economic inequality as a vulnerability, both in economic and social terms, the paper discusses, with the help of the two Rawlsian principles of difference (negative case - increase in economic inequality, positive case - decrease in economic inequality), nuances of the acceptability or unacceptability of any changes in it. The paper is structured in two sections, the context section, which presents the basic concepts and details of the difference principle in managing the growth of economic inequality, and a discussion section, which examines two aspects: a critical evaluation of the originary difference principle and a new (related) difference principle that can manage, from a social justice perspective, the decline of economic inequality in society. The last part of the paper includes results, conclusions and some future research directions.","PeriodicalId":85430,"journal":{"name":"Revista economica","volume":"234 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80860648","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"THE FORECASTING ABILITY OF A MARKET MODEL FOR SHARES ISSUED BY PETROM S.A.","authors":"Laura-Mădălina Iacob (Pîrșcoveanu), Cornelia-Cristina Pirscoveanu","doi":"10.56043/reveco-2021-0057","DOIUrl":"https://doi.org/10.56043/reveco-2021-0057","url":null,"abstract":"The scope of this paper is to make an empirical analysis regarding the market model introduced by the American economist Wiliam Sharpe (1963), a research developed based on the idea of portfolio simplification. In this paper, we tested the ability to predict a market model for shares issued by Petrom S.A. company. The result shows that the market model can be used to predict the profitability of a security, the forecast errors being insignificant. The results of this paper can help the investors to decide when to invest.","PeriodicalId":85430,"journal":{"name":"Revista economica","volume":"40 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73509839","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Revista economicaPub Date : 2021-12-30DOI: 10.56043/reveco-2021-0052
Andreea Raluca Duguleana, Daniel Mihai Croitoru
{"title":"OBESITY: A NEW PARADIGM OF SUSTAINABLE CONSUMPTION?","authors":"Andreea Raluca Duguleana, Daniel Mihai Croitoru","doi":"10.56043/reveco-2021-0052","DOIUrl":"https://doi.org/10.56043/reveco-2021-0052","url":null,"abstract":"The obesity pandemic is a problem of modern society. The aim of the study is to establish an operational conceptualization of human biological needs in terms of obesity and to examine the correlations between obesity and education. Using data provided by WHO between 1975-2016, we measured the evolution of overweight and obesity across 32 countries from Europe. Unsustainable consumption generates for many individuals an unhealthy lifestyle in itself, which requires a paradigm shift in terms of lifestyle. We propose the orientation towards \"the pleasure of living\", through sustainable consumption and substantiate over this trend.","PeriodicalId":85430,"journal":{"name":"Revista economica","volume":"40 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88933221","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"EFFICIENCY OF FISCAL REVENUE COLLECTION IN ROMANIA IN THE PERIOD 2010-2019","authors":"Mariana Luminita COMAN (LINTA), Genifera Claudia Banica","doi":"10.56043/reveco-2021-0045","DOIUrl":"https://doi.org/10.56043/reveco-2021-0045","url":null,"abstract":"In this article we aim to present the importance of fiscal revenues in the economy of a country, to elaborate an analysis of the performance of tax revenue collection in Romania in 2010-2019, identifying the factors that led to low fiscal revenue collection and the actions necessary in order to lead to increasing the collection of fiscal revenues. We expect to see a decrease in the fiscal revenue collection due to the inefficient administration, excessive bureaucracy and high tax evasion.","PeriodicalId":85430,"journal":{"name":"Revista economica","volume":"202 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73251386","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Revista economicaPub Date : 2021-12-30DOI: 10.56043/reveco-2021-0061
Olesea Speian
{"title":"FINANCIAL INCLUSION IN THE REPUBLIC OF MOLDOVA: RECENT IMPACTS AND EVIDENCE","authors":"Olesea Speian","doi":"10.56043/reveco-2021-0061","DOIUrl":"https://doi.org/10.56043/reveco-2021-0061","url":null,"abstract":"This paper analyses the relationships between remittances and financial inclusion in the Republic of Moldova. Using a dataset are created the linear regression models, that show the interdependency of the level of the remittances and the level of financial inclusion. It is also mentioned that the level of financial education places an important role in using financial services. From the policy perspective, is suggested that the Government has to implement the National Financial Inclusion Strategies in order to elaborate an action plan that takes into account all the ways for increasing the level of financial inclusion.","PeriodicalId":85430,"journal":{"name":"Revista economica","volume":"213 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79488596","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Revista economicaPub Date : 2021-12-30DOI: 10.56043/reveco-2021-0058
M. Pollifroni, G. Militaru, A. Ioana
{"title":"“HYBRID COMPANIES”: SEEKING THE “SOCIAL VOCATION” IN THE RESILIENT BUSINESS","authors":"M. Pollifroni, G. Militaru, A. Ioana","doi":"10.56043/reveco-2021-0058","DOIUrl":"https://doi.org/10.56043/reveco-2021-0058","url":null,"abstract":"The goal of the paper is to offer a review of the current business models, which can jointly highlight a profile, both of adherence to the concepts of “sustainable development” and of resilience to the critical variables (new and systemic), characterizing the present economic crisis also resulting from the pandemic emergency. After a brief historical reconstruction on the concept of “globalization”, the initial part of the paper tries to identify a business paradigm – the “hybrid company” – oriented towards the concept of “sustainable development”. The final part of the study offers a driver identification process of the “resilient company”, closely related to the concept of “business hybrid” (previously declined).","PeriodicalId":85430,"journal":{"name":"Revista economica","volume":"26 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84281835","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Revista economicaPub Date : 2021-12-30DOI: 10.56043/reveco-2021-0063
S. Deaconu, Sorin-Ciprian Teiuşan
{"title":"A BIBLIOMETRIC ANALYSIS FOR GLOBAL RESEARCH TRENDS ON DIGITAL ECONOMY","authors":"S. Deaconu, Sorin-Ciprian Teiuşan","doi":"10.56043/reveco-2021-0063","DOIUrl":"https://doi.org/10.56043/reveco-2021-0063","url":null,"abstract":"Introduced two decades ago, the digital economy concept became a subject of interest for governments and businessmen, politicians and researchers. This paper aims at highlighting the current state of research and trends on digital economy. There is no previous evidence of a global bibliometric analysis on digital economy. Therefore, we conducted a bibliometric analysis on digital economy literature, to identify area of interest and potential for future research. Through this research we aimed to answer the following questions: How many scientific papers on digital economy have been published in journals? What are the most productive journals, countries and authors on the subject of digital economy? What are the most cited papers on digital economy? What are the most frequent keywords in published documents on digital economy? The data used for the research were extracted from the Web of Science database, collections Science Citation Index Expanded, Social Sciences Citation Index, and Emerging Sources Citation Index, and the processing of collected information was done using package biblioshiny for bibliometrix from statistical R software. The results, obtained with the mentioned computer tools, answer the research questions. Research production and publication of documents on digital economy are increasing. As no bibliometric analysis on digital economy has been identified in the Web of Science database, this paper is intended to cover this gap","PeriodicalId":85430,"journal":{"name":"Revista economica","volume":"38 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82198493","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Revista economicaPub Date : 2021-12-30DOI: 10.56043/reveco-2021-0047
L. Cristea, Alina Daniela Voda, D. Ungureanu
{"title":"ECONOMIC GROWTH AND DEVELOPMENT, PROMOTERS OF NATIONAL WELL-BEING","authors":"L. Cristea, Alina Daniela Voda, D. Ungureanu","doi":"10.56043/reveco-2021-0047","DOIUrl":"https://doi.org/10.56043/reveco-2021-0047","url":null,"abstract":"The main objective of economic development and economic growth is to implement national policies that can serve the multidimensional problems of society, but also to assess the possible effects that the implemented policies will have on the prospects of progressivity. The main purpose of this paper is to highlight the fact that the general well-being of the population is perfectly intertwined with the objectives of growth and economic development, being a timely topic to address in this research. Development does not only involve GDP growth, but also exceeds this level, towards a qualitative change in society's plans, which translates into ensuring the well-being of the population. This research aims to highlight the fact that economic development is the expansion beyond the gross domestic product, through changes that refer to people's quality of life, in the long run and in which the elements characteristic of economic growth become fundamental elements of development. In this context, this research will delineate the policies needed to ensure development, in parallel with a growing economic level, considering that not only income-based fiscal policies are needed, but also subjective population-centred policies that take into account, not only economic but also social conditions, which contribute to the quality of life. The methodology was based on the study of specialized literature, so that the research results to end with a comprehensive definition of the well-being of society. Through this qualitative research, this paper adds value to the literature, highlighting the fact that growth and development are promoters of well-being.","PeriodicalId":85430,"journal":{"name":"Revista economica","volume":"165 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80439840","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}