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No. 3 / 2026 — Autumn

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

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Theoretical and Applied Economics
No. 1 / 2022 (630), Spring

Romania's economy on the threshold of recession

Constantin ANGHELACHE
Bucharest University of Economic Studies, Romania
Mădălina-Gabriela ANGHEL
Artifex University of Bucharest, Romania
Ștefan Virgil IACOB
Artifex University of Bucharest, Romania

Abstract. The evolution of the Romanian economy in the current situation is particularly difficult. The effects of the health and financial-economic crisis are reflected in the normal activity in the national economic branches. The measures taken by the authorities to control and control the effects of infection of the population have, in turn, some negative effects on the concrete results that are achieved in the economy. Thus, tourism and HoReCa have been virtually inactivated, which has an immediate effect on economic growth. In industry, construction and other branches of the national economy, some restrictions have also been imposed which have had the effect of reducing the production of goods and services. All together it creates a difficulty in maintaining macrostability. Romania's national economy has declined in the last quarter. If this decrease is maintained in the first quarter of 2022, according to the economic criteria for assessing the economic cycle, it turns out that the country is entering a recession. March inflation is already forecast to reach 10%. In these conditions, in this article we set out to analyse the evolution of the Gross Domestic Product, with the main objective of highlighting the fact that in the current price crisis, the international crisis (Ukraine-Russia armed conflict) and the effects of the crisis economic and financial issues may cause the countries, but we are referring to Romania, to continue to decrease in the next quarter. In this article we used the data published by the National Institute of Statistics, Eurostat, we applied some data processing using statistical-econometric methods, we performed comparability studies in time and space, precisely in order to accurately highlight the economic situation and the trend of the evolution of the economy in the next period. A series of graphs, a series of data and tables were used that convincingly highlight the evolution of the Gross Domestic Product, i.e. the evolution of economic growth.

Keywords: GDP, unemployment, inflation, crises, developments, macroeconomic indicators, variables, patterns, perspectives.

Contents

1

Economic resilience in Central and Eastern European countries

Elena-Mădălina ZAMFIR (AVRAM) · Georgiana BALABAN · Cosmin MARINESCU

2

Romania's economy on the threshold of recession

Constantin ANGHELACHE · Mădălina-Gabriela ANGHEL · Ștefan Virgil IACOB

3

Testing the Marshall-Lerner condition for Romania

Ecaterina TOMOIAGA · Monica Ioana POP SILAGHI

4

Empirical evidence to the nonmonotonic relationship between public health expenditure and economic growth

Swapnanil SENGUPTA

5

Institutional quality and public healthcare

Kashish TIBREWAL · Saswati CHAUDHURI

6

Consequences of the Covid-19 epidemic on hygiene purchase behavior

Elena Rusalca VELICU · Ovidiu Andrei Cristian BUZOIANU · Carol Cristina GOMBOS · Ana Maria BOLAHAN

7

Banking management in the prism liquidity – profitability interrelation

Valentin PAUNA · Amelia DIACONU · Svetlana PLATAGEA GOMBOS · Raluca Iuliana GEORGESCU

8

Long-term price and income elasticity of residential natural gas demand in Turkey

Halim TATLI

9

The impact of foreign direct investment on the economy of Bangladesh: A time-series analysis

Mohammad Abdullah Al FAISAL · Mohammed Saiful ISLAM

10

Does gravity work in the context of India and ASEAN bilateral trade? An application of the FGLS method

Saba GULNAZ · Hemlata MANGLANI

11

The dynamics of India – ASEAN trade with special reference to manufactured exports and their technological composition

Nikhat KHALID · Saba ISMAIL

12

How does Israel share Palestinians their international aid

Mahmoud M. SABRA

13

Attention economy and higher-order beliefs in voters’ online attention searches

Paritosh Chandra SINHA

14

Volatility and asymmetric analysis of Indian indices during Covid-19 pandemic period

S. Shameem BANU · N.S. SHIBU