Theoretical and Applied Economics
No. 1 / 2006 (496)
Economic Growth Models Transition
Academia de Studii Economice Bucuresti
Abstract. The transitional recession in countries of Eastern Europe has been much longer than expected. The legacy and recent policy mistakes have both contributed to the slow progress. As structural reforms and gradual institution building have taken hold, the post-socialist economics have started to recover, with some leading countries building momentum toward faster growth. There is a possibility that in wider context of globalization several of these emerging market economies will be able to catch up with the more advanced industrial economies in a matter of one or two generations. Over the past few years, most candidate countries have made progress in the transition to a competitive market economy, macroeconomic stabilization and structural reform. However their income levels have remained far below those in the Member States. Measured by per capita income in purchasing power standards, there has been a very limited amount of catching up over the past fourteen years. Prior, the distinctions between Solow-Swan model and endogenous growth model. The interdependence between transition and integration are stated in this study. Finally, some measures of macroeconomic policy for sustainable growth are proposed in correlation with real macroeconomic situation of the Romanian economy. Our study would be considered the real convergence for the Romanian economy and the recommendations for the adequate policies to achieve a fast real convergence and sustainable growth.
Contents
Limits of Inflation Targeting Strategy
Measuring the Company Performance
Higher Economic Education System. A Postindustrial Approach
Short-run and Current Analysis Model in Statistics
The Structural Convergence of the Romanian Economy. Comparative Analysis
„Uthopia – The Castle with Dreams and Hopes”
Testing the Informational Efficiency on the Romanian Financial Market
The Knowledge Economy – New Economy?
The Evolution of the Romanian Capital Market – Limits and Performances
Human Resources and the Competitive Organizational Management
Re-spiritualization in the Changing Process by Creativity, Responsability, Hope
A New Approach in Rentability and Capital Risk Management
A New Agenda for Economic Science
Asymmetrical Information and Uncertainty on the Capital Market
Economic Growth Models Transition
Challenges in Global Economy
Public Economy versus Planned Economy. Current Approaches and Problems
The Deadlock of Sustainable Development
The Dichotomy Real – Nominal in Romanian Economy Evolution
The Rational Relevance of the Diffuse Paradigms