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Theoretical and Applied Economics
No. 4 / 2016 (609), Winter

The Romania's challenges regarding the integration in the Euro Area

Iulian Nicolae VASILOIU
“Costin C. Kiriţescu” National Institute for Economic Research, Romanian Academy, Romania

Abstract. Considering the fact that Romania joining the euro area is a major country project, as was entering the European Union on January 1, 2007, this paper analyzes the way Romania currently meets the convergence criteria, the importance of their sustainability, the level of real convergence and further steps to be taken before adopting the euro. All these issues are meant to secure rigorous economic preparation, in order to reach a certain level of development, that can deal with competitiveness and which can ensure a relatively high level of convergence of income per capita.

Keywords: Convergence criteria, GDP per capita, Regional gross domestic product, Euro area, Romania.

Contents

1

The influence of fiscal freedom, government effectiveness and human development index on tax evasion in the European Union

Alexandru Theodoru DRONCA

2

Limitation of ARIMA models in financial and monetary economics

Andreea-Cristina PETRICĂ · Stelian STANCU · Alexandru TINDECHE

3

The Romania's challenges regarding the integration in the Euro Area

Iulian Nicolae VASILOIU

4

Does remittance drive economic growth in emerging economies: Evidence from FMOLS and Panel VECM

Kalandi Charan PRADHAN

5

Effectiveness of monetary policies in OECD countries

Ahmet UGUR · Canan SANCAR · Yusuf Ekrem AKBAŞ

6

Determinants of household loans

Sorin Daniel MANOLE · Corina PETRESCU · Ramona Ioana VLADA

7

Tourism and economic structural change with endogenous wealth and human capital and elastic labor supply

Wei-Bin ZHANG

8

Migration – trade nexus revisited: Empirical evidence from Turkish emigrants in OECD countries

Kadir KARAGÖZ

9

New pillars of the banking business model or a new model of doing banking?

Dan Costin NIȚESCU

10

Effects of R&D and innovation on income in EU countries: new generation panel cointegration and causality analysis

Ismet GOCER · Sedat ALATAS · Osman PEKER

11

The major economic evolution of Romania by the middle of 2016

Constantin ANGHELACHE · Alexandru MANOLE · Mădălina Gabriela ANGHEL

12

Foreign aid, macroeconomic policies and economic growth nexus in India: An ARDL bounds testing approach

Geetilaxmi MOHAPATRA · A. K. GIRI · Madhu SEHRAWAT

13

Human nature in the economic behavior based on the neoclassical economic model

Ada MARINESCU

14

Determinants of nonperforming assets-bank-specific and macroeconomic factors: A panel data analysis of different group of commercial banks operating in India

Biswajit PATRA · Puja PADHI

15

Gradualistic strategy of transition to market economy

Giorgi MIKELADZE · Simon GELASHVILI

16

Financial liberalization and economic growth: Evidence from Tunisia

Bouzid AMAIRA

17

Public target space as key factor for public policy implementation

Luminița Gabriela POPESCU

18

The relationships among the returns of investment instruments: a vector autoregressive approach for Turkey

Yuksel ILTAS · Umit BULUT

19

Current account sustainability in SAARC economies: Evidence from combined cointegration approach

Manoranjan SAHOO · M Suresh BABU · Umakant DASH

20

Information asymmetry and technical efficiency: Case of a panel of Tunisian insurance companies

Chiraz FEKI

21

FDI and export spillovers using Heckman’s two step approach: Evidence from Turkish manufacturing data

Muhammed BENLI