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Peer-reviewed articles in economics, finance, public policy, and sustainable development.

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Theoretical and Applied Economics
No. 3 / 2015 (604), Autumn

Towards a sustainable economy

Silvia Elena IACOB
Bucharest Academy of Economic Studies, Romania
Constantin POPESCU
University Valahia of Targoviste, Romania

Abstract. Studies and researches on the deterioration of the ecosystems and the environmental services provided by the natural ecosystems have been undertaken and are under way even to this day on very many levels, some even in areas or domains having no connection with ecology or with the environment. The profound ecology demonstrates unequivocally that the natural and semi-natural ecological ecosystems produce resources and services, through the concentration of the solar radiant energy and trough the maximization of the density of the energy flow. The primordial task the research have is the creation of a vision as widely accepted as possible on a sustainable society in the long run.

Keywords: ecosystem, natural capital, sustainable development, socio-economic system, sustainable economy.

Contents

1

A Structural VAR analysis of Fiscal shocks on current accounts in Greece

Aviral Kumar TIWARI · Suresh K G · Mihai MUTAȘCU

2

Is CPI a suitable tool for inflation targeting? A critical view

Selim KAYHAN · Muhsin KAR · Ahmet ŞAHBAZ

3

A new beginning for SMEs development?

Dan Costin NIȚESCU

4

About the conceptualization of social innovation

Cornel IONESCU

5

Economic models of voting: an empirical study on the electoral behavior in Romanian 2012 parliamentary elections

Mihai UNGUREANU · Andra ROESCU

6

Revisit Export and GDP Nexus in China and Taiwan: A Rolling Window Granger Causality Test

Ming-Hsien YANG · Chih-She WU

7

Sustainability of balancing item of balance of payment for OECD countries: evidence from Fourier Unit Root Tests

Serkan TAŞTAN

8

The European Union brand and its appeal to young Europeans – an in-depth perspective from Romanian student

Alina-Daniela MIHALCEA · Alexandra VIȚELAR

9

Analysis of final consumption and gross investment influence on GDP – multiple linear regression model

Constantin ANGHELACHE · Alexandru MANOLE · Mădălina Gabriela ANGHEL

10

A survey of the effect of trade openness size on inflation rate in Iran using ARDL

Mostafa SALIMIFAR · Mohammad Javd RAZMI · Zahra TAGHIZADEGAN

11

A labor utility index to measure worker welfare and labor market performance

David HUDGINS · Deniz GEVREK

12

Financial development and economic growth in emerging market: bootstrap panel causality analysis

Yusuf Ekrem AKBAS

13

Liquidity ratios. A structural and dynamic analysis, during 2006-2012, of the companies having the business line in industry and construction, listed and traded on the Bucharest Stock Exchange

Diana Elena VASIU · Nicolae BALTEȘ · Iulian Nicolae GHEORGHE

14

The Romanian banking sector restructuring and the economic recovery

Cătălin Emilian HUIDUMAC PETRESCU · Alina POP

15

Towards a sustainable economy

Silvia Elena IACOB · Constantin POPESCU

16

The role and influence of the political factor in establishing the financial and budgetary balance and on national stability

Tiberiu Valentin MAVRODIN

17

European integration, as an approximation of globalisation: a statistical analysis based on stratified entropy indexes of concentration

Olimpia NEAGU

18

The factors that affect on foreign direct investments in Turkey (sectoral comparisons)

Eren ÖĞRÜL · Mehmet ERYİĞİT

19

Legislative contributions to improving the economic efficiency of the medical laboratories in Romania

Răzvan Mihai POPA