Theoretical and Applied Economics
No. 3 / 2025 (644), Autumn
The economic value of data. From data to decisions in the public sector
National University of Political Studies and Public Administration, Romania
Abstract. This paper explores the economic value of data in the public sector and its role in optimizing decision-making. With the emergence of big data, artificial intelligence, and machine learning techniques that can leverage data to provide multiple benefits in forecasting certain phenomena, thus leading to better decision-making, data has become a national asset. Considering that a decision must, first and foremost, be informed—based on the analysis of all options, scenarios, and alternatives—data proves to be an essential resource in the process of optimizing decisions. Thus, data-driven public administration revolutionizes decision-making processes by integrating data analytics and evidence-based approaches to enhance governance and service delivery. By examining frameworks for data governance, open data initiatives, and the value of data as a strategic asset, the study highlights how data-driven decision-making improves transparency, accountability, and operational efficiency.
Contents
Development and implementation of an Activity-Based Costing (ABC) model in private Higher Education Institutions (HEI)
Capital, coal, and change: modelling India's energy substitutability with a translog production framework
Unemployment in Ghana: analyzing the asymmetric effects of export processing zones in dealing with the problem
A PRISMA-based systematic literature review on the mismatches between the Romanian higher education system and the labor market needs
Transition effect from deposit and policy interest rates to credit interest rates in Türkiye: detecting asymmetry
The effect of fiscal decentralization and monetary policy on economic resilience in Indonesia: a panel data
The implications of demographic changes on economic performance – a comparative analysis of RO vs EU 27
Pensions under pressure: economic and demographic drivers of Romania’s public retirement system
Productivity shocks, exchange rate and migration: a new open economy macroeconomics approach
Energy vulnerabilities among Europeans in the Ukrainian war context
Empirical analysis of the relationship between FDI and economic growth in Morocco
Climate-driven monetary policy: a new Keynesian DSGE analysis for Ghana
Monitoring the implementation of the Sustainable Development Goals in Romania
Insurance and sustainable structural transformation: Does renewable energy matter?
Natural resources and the price of freedom. A concise analysis of Ukraine’s natural resources and who wins more from their direct exploitation?
Assessing the macroeconomic impact of fiscal deficit in India: evidence from ARDL approach
Non-linearity and market behavior in the Romanian capital market: a rescaled range analysis of BET index
From adversity to triumph: Türkiye's economic resilience and adaptation strategies amidst disasters
Trust at first reply and how AI-language systems alter human trust calibration
The economic value of data. From data to decisions in the public sector