Theoretical and Applied Economics
No. 1 / 2013 (578)
The underground macroeconomics
„Like Physics, which cannot yet explain 96% of the substance in the Universe, so is Economics, unprepared to understand and to offer a rational explicative model to the underground economy.”
The habit of conceptualizing certain components of the economic reality from a moral perspective functions as a barrier to the truth. That is the predicament of the concept of underground economy, which - though excessively themed - is incompletely theorized, expelled from the core of economic theory and minimally formalized. Thus reality undergoes statistical approximation, is indirectly evaluated and treated in normative terms.
Contents
Corruption, public integrity, and globalization in South-Eastern European states. A comparative analysis
The risks of Euro adoption in Romania – an analysis based on ten criteria
The impact of foreign direct investment on economic growth: the Portuguese experience
The lack of consistency in budget deficit criteria in the Stability and Growth Pact
Local reforms by political conditionality: trials and erros in Central and Eastern Europe
Employment in the EU countries: a panel data analysis
Territorial efficiency of the cohesion policy in Romania
Corporate social responsibility and organizational identity in post-crisis economy
Urban and rural educational system disparities in Romania
Adaptation of the tourism in Romania to the new economic context imposed by the global economic crisis (in 2010)