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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. 2 / 2021 (627), Summer

Statistical analysis on population ageing

Mădălina-Gabriela ANGHEL
“Artifex” University of Bucharest, Romania
Dragoș-Alexandru HAȘEGAN
Bucharest University of Economic Studies, Romania

Abstract. The ageing process affects the lives of all of us throughout its duration and on all levels. At the moment, Europe is facing a new challenge. Europeans, in unprecedented numbers, are very long-lived. In the last 50 years, the life expectancy at birth has increased by about 10 years, for both men and women. For the first time in the history of Europe there are so many people who have such a long and healthy life. At the same time, the working age population in the European Union has been declining for a decade and this trend is expected to continue. As the total population remains constant, the risk of labour shortages will increase, with an increase in the burden on older people to cover the social costs needed for the elderly population for a range of services associated with it. In recent years, Romania is facing a major problem, namely the alarming decline in the country's population, while exacerbating the ageing phenomenon. Thus, the population over 65 years increased, while the number of young people decreased. Also, this article analyses the evolution of the average number of pensioners and the average monthly pension in Romania, in the fourth quarter of 2020 compared to the fourth quarter of 2019, using, in this regard, a series of statistical indicators and graphs.

Keywords: birth rate, life expectancy, GDP per capita, pensioner, average monthly pension, real pension index.

Contents

1

The impact of non-banking financial markets on economic development

Ioana Raluca ANDREI

2

The effect of financial liberalization on Malaysian economic growth

Amani AZZOUZA

3

Causal relationship between agricultural exports and economic growth: a diagnostic approach

Ankit CHHIKARA · Laurel PASRICHA

4

COVID-19 and CAPM: a tale of reference dependence with the pharma stocks’ returns

Paritosh Chandra SINHA · Pooja AGARWAL

5

Statistical analysis on population ageing

Mădălina-Gabriela ANGHEL · Dragoș-Alexandru HAȘEGAN

6

An impulse response function analysis of the impact of modern payment technologies on money demand in Nigeria

Tersoo IORNGURUM · Godwin NWAOBI

7

Statistical analysis on the evolution of economic activity in Romania

Constantin ANGHELACHE · Cristian Marius RĂDUȚ · Laura CONSTANTIN

8

Determinants of trade flows to Agadir Agreement countries: gravity model three-way approach

Sadok ACHOUR · Dr. Fatima HADJI

9

Case study: The impact on the Romanian State Budget in the case of EU adoption of the CCCTB Directive

Răzvan V. BALABAN

10

Public expenditure and economic development: New evidence from the BRICS-SAARC-ASEAN region

Mohd Arshad ANSARI · Faraz KHAN · Manish Kumar SINGH

11

The external debt burden and economic growth in Africa: a panel data analysis

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12

What explains the real exchange rate movement for the BRICS nations? With a separate analysis for Indian economy

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13

Export supporting strategy, distance to frontier and economic growth

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14

Volatility Forecasting, Market Efficiency and Effect of Recession of SRI Indices

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15

The impact of taxation on growth: the case of Greece

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