Theoretical and Applied Economics
No. 2 / 2015 (603), Summer
Stock market – economy growth nexus in an emerging country. The case of Romania
„Alexandru Ioan Cuza” University of Iaşi, Romania
Abstract. The accelerated development of emerging stock markets in recent decades, obstructed by the economic crisis of 2008 that has not lost its pulse in the European perimeter, led to reviving interests regarding the role of stock markets within economies. The aim of this paper is to identify the nature of the linkage between stock market and economic growth in Romania. Using the VEC model, we demonstrated that before the financial liberalisation and global crisis, the domestic environment led to stock market development, but after, the evolution of this component of the nominal economy was predominantly due to the international context.
Contents
Instruments and practices concerning the absorption and use of structural and cohesion funds in Romania
Foreign direct investment and income inequality in Central and Eastern Europe
Exports – trends and impacts on Romania’s economic growth process
Innovation and regional performance in Romania
A multidisciplinary approach of communication
The issue of “true” money in front of the BitCoin's offensive
Public choice and the social beneficiary
Stock market – economy growth nexus in an emerging country. The case of Romania
Determinants of savings in the APEC countries
The status of Romanian agriculture and some measures to take
Education and society: an institutional approach
Financial audit – feckless for economic re-launch
Empirical evidence on the Ricardian equivalence in Romania
Minimum wage – labour market rigidity factor
Regional convergence. Case of Romania
The exchange rate volatility in the Central and Eastern European Countries
A study of the impossible trinity in Romania
Governance process improvement and development by audit consolitation
Analysis of the evolution of foreign direct investment in the European Union, amid the global economic crisis
Types of international cooperation at the local level Bucharest city hall case study
Short-run determinants of the USD/PLN exchange rate and policy implications
The use of behavioral economics in promoting public policy
New paradigms imposed by the global financial crisis
Are financial audit elements and corporate governance policies solutions for the economic crisis?
The kids are alright? A note on parental satisfaction in Germany
Technological revolution, labor markets and income distribution in the knowledge economy
The effects of competition regulations on mobile telecommunication markets
National convergence policy in education. Case study Romania