Current issue

No. 3 / 2026 — Autumn

Peer-reviewed articles in economics, finance, public policy, and sustainable development.

0 Articles
Open access

Theoretical and Applied Economics
No. 4 / 2019 (621), Winter

Culture as a driving factor for foreign direct investments in the Western Development Region of Romania

Norbert FÖLDI
West University of Timisoara, Romania

Abstract. The author of the article performs a brief analysis of the mentality and cultural differences of the Western Development Region of Romania compared to the other seven development regions of Romania.

In this framework, the cultural factors characterizing the Western Development Region are highlighted, culture being approached as a factor favoring foreign direct investments and considered are also the attitude and mentality of the population from the Western Development Region compared to those of the population residing in the other development regions in Romania.

Keywords: attitude, Banat, cultural differences, power distance, equality, German ethnics, uncertainty avoidance, cultural factors, individualism versus collectivism, foreign investors, masculinity versus femininity, mentality, multicultural character, Western Region of Development, Romania.

Contents

1

Expanding the Eurozone. The stage of economic convergence for Bulgaria, Czech Republic, Croatia, Hungary, Poland and Romania

Iulian Nicolae VASILOIU

2

Business R&D investments in the EU: Main dynamics and economic effects

Mihaela DIACONU

3

Volatility experience of major world stock markets

M. MALLIKARJUNA · R. Prabhakara RAO

4

Unemployment hysteresis analysis for OECD countries

Muhammed TIRAŞOĞLU

5

Culture as a driving factor for foreign direct investments in the Western Development Region of Romania

Norbert FÖLDI

6

A Deep Neural Network (DNN) based classification model in application to loan default prediction

Selçuk BAYRACI · Orkun SUSUZ

7

The new Keynesian Phillips Curve. Implications. Strengths and weaknesses

Rareș-Petru MIHALACHE · Dumitru Alexandru BODISLAV

8

Corporate ownership structure and performance: An enquiry into India

Pradiptarathi PANDA · Jinesh PANCHALI

9

Turkey’s macroeconomic policy challenges in the aftermath of the 2018 crisis: A sectoral financial balances analysis

Sashi SIVRAMKRISHNA · Dhruva Teja NANDIPATI

10

Main aspects on the nature of dynamic models

Constantin ANGHELACHE · Dana Luiza GRIGORESCU · Oana BÎRSAN

11

An analyses model of the Romanian privately managed pension system

Dragoș Alexandru HAȘEGAN

12

Dynamic models used in analysis capital and population

Mădălina-Gabriela ANGHEL · Ștefan Virgil IACOB · Gabriel-Ștefan DUMBRAVĂ · Marius POPOVICI

13

Poverty rate determinants in the Central and Eastern Europe member states

Maria-Daniela TUDORACHE

14

Wagner versus Keynesian Hypothesis: Role of aggregate and disaggregate expenditure in Pakistan

Kashif MUNIR · Wajid ALI

15

GARCH based VaR estimation: An empirical evidence from BRICS stock markets

Siva Kiran GUPTHA. K · Prabhakar RAO. R

16

Does FDI substitute exports of home country? A case of US FDI in select Asian economies

Ketan C. LIMAYE · Achut P. PEDNEKAR

17

Exploring the role of institutions in cross country Malmquist productivity analysis: A two-stage double bootstrap DEA approach

Danish Ahmed SIDDIQUI · Qazi Masood AHMED

18

Does the Mundell-Fleming Model apply to Poland?

Yu HSING

19

The validity of Okun’s Law: Evidences from Indian economy

Tariq Ahmad BHAT · Tariq Ahmad LONE · Towseef Mohi Ud DIN