Scholarly record
THE LEGISLATIVE IMPACT ON INVESTEMTS FLOWS APPLIED ON THE CAPITAL MARKET. ROMANIAN CASE
Abstract
During the last years, the investments flows had a slow increasing trend on local market, even if in Romania were made improvements in order to attract investors, not only from Europe, but worldwide. In this regard, the aim of our study is to identify how the legislative changes have influenced the capital market, especially the investments area, including also the foreign direct investments. Romania was affected by the financial crisis which took place in 2008, so we have analyzed the situation before and after the crisis to see which were the effects resulted on the specific period. In comparison, we have also analyzed the situation of fiscal instruments used on other states of E.U. The legislative framework plays an important role in the activity of a country, and in order to establish which are the adequate instruments needed on the capital market, we have used economic models of multiple regression. In this regard, we considered as variables of the regression: the foreign direct investments, capital flows, the GDP and national income of Romania.
Publication Impact Profile
Publication details
References7
Minsky, H.P. ,The Financial Instability Hypothesis, Working Paper, No. 74, May , Romania, 1992, pp. 6-8;
Friedman, M., Friedman R., Liberty of choice. A personal statement, Romania, 2009, pp.111 – 136;
Roubini, N., Mihm, S., Economy of crises. Short course about finances future, Romania, 2010, pp. 9-15;
Stighlitz, J. E., Falling out. America, free market and the fall of world’s economy , Romania, 2010, pp. 21,325;
Badea, L., Impact of financial crises on the Romanian capital market in European context, Theoretical and Applied Economics, Volume XIX, No. 3(568), Romania, 2012, pp. 26-39;
Mishkin, F., Why We Shouldn't Turn Our Backs on Financial Globalization, International Monetary Fund Staff Papers, vol. 56, no. 1, Romania, 2009, pp. 139- 170;
Horobeț, A. , Popovici, O., Direct foreign investment: their evolution and importance in Romania, Romania, 2017, pp.3-5.
View or Download full articleAccess options
SWS access login
Login as SWS Scientific CommitteeLogin as SWS Scientific PartnerLogin as SWS AuthorAuthors and approved SWS contributors will read and export their own linked papers after identity matching by SWS profile, email and SGEM GlobalID.
For librarian assistance: [email protected]
Purchase Instant Access
- Article can be downloaded after successful payment.
- Article may be used according to SWS library access terms.
- Article cannot be redistributed.
