Theoretical and Applied Economics
No. 3 / 2018 (616), Autumn
Analysis of the investments made on the Romanian capital market by the privately managed pension funds – Pillar II
West University of Timisoara, Romania
Abstract. The Pillar II appeared on the Romanian market in order to provide to the population an alternative source of income at the retirement time on one hand, but also to stimulate the increase of the capital market liquidity through investments made by the private fund managers on the other hand. Through the current study, I wanted to make an analysis of the investments made on the Romanian capital market of the privately managed pension funds (pillar II). The subject is very topical at present and the purpose of the paper is to identify whether these funds are major players on the capital markets and what investment instruments they use. In this regard, we made a linear regression in Excel, with several factors influencing the results, as well as a regression in Eviews, using data between May 2008 and December 2017. The most representative was a statistically significant correlation between the value of the investments and the value of total assets of privately managed pension funds.
Contents
Private brand – differentiating concept and source of stimulation of the Romanian retail trade
Macroeconomic determinants of the labour share of income: Evidence from OECD economies
Analysis of the investments made on the Romanian capital market by the privately managed pension funds – Pillar II
Exchange rate pass-through to macroeconomic indicators using Vector Auto Regression: Empirical evidence from Pakistan
Analysis of the educational activity in Romania
Macroeconomic variables and stock prices in emerging economies: A panel analysis
Consumerism and exclusion in a throw-away culture
The effects of microeconomic factors on the stock market: A panel for the stock exchange in Istanbul ARDL analysis
Return, shock and volatility spillovers between the bond markets of Turkey and developed countries
Causal relationship between internet use and economic development for selected Central Asian economies
Financial sector development and the poor in developing countries: revisiting the access to finance channel
Impact of unbalanced economic growth to dynamic trade specialization
Base erosion and profit shifting in multinational corporations