Browse

The article is devoted to the research of relation between the competitive position of the firm (cluster) and monetary policy. For objective reasons, the Bank of Russia cannot become the main driver of economic development, but can create conditions for this by maintaining price, social and financial stability, ensuring stability and development of the financial sector and settlement system. Bank of Russia conducts monetary policy within the framework of inflation targeting. The interaction of monetary policy and ...

With time, the localities within the Carpathian and Sub-Carpathian space of Romania have changed their functionality because of several historical and social events that took place. The study aims to highlight the transformations that have been observed over time, explaining the situation of the last few years and the trends that could favour the local economic situation. Thus, the research has been based on the analysis of the documents that rightfully proclaimed the establishment of the locality, on the analysis...

Business creating and developing is a complex, multifaceted and risky task. One of the ways to solve such tasks is to create an internal control system. Internal control should be exercised at all the levels of enterprise management. The current state of this issue does not provide clear recommendations for solving the problem, and this leads to an increase of the cost and tax burden. The organization of internal control is complicated due to the vagueness of the wording of the content of this type of control in t...

The study proposes to promote ecotourism and to highlight its importance for the economic development of the studied area. Caras Severin County attract a lot of tourists due to the high number of touristic objectives, but mainly due to Bigar waterfall which was nominated as the most beautiful waterfall in the world. Due to the high number of tourists, the natural landscapes are damaged, therefore the purpose of this study is to acknowledge the value of nature, so that the tourists and the managers of the touristic...

One of the information sources describing an enterprise, its activities and results is the system of measurement and disclosures – i.e. accounting. This system, in its structure and effects of functioning, by adopting e.g. the final outcome in the form of a financial statement, should take into account the environmental challenges within which it is supposed to carry out the assigned goals. It is natural that changing the modern form of accounting (and therefore also financial reporting) becomes the function of dy...

Modern trends in the development of the economy determine the need to improve the efficiency of management of investment processes, since the intensification of investment activity contributes to the renewal of the material and technical base, expansion of production, strengthening of competitive advantages. Analysis of the experience of stimulating investment activity in the regions of the Russian Federation allowed to identify several areas, the implementation of which will provide additional capital inflow to t...

Like the European Union, the Slovak Republic is also experiencing rapid aging of population, which is caused mainly by an increase in the expected life expectancy combined with a low birth rate. In general, the negative impacts of population aging on public finances of the state are analysed. Less attention is paid to the impact of aging on national economy in terms of volume changes and the structure of supply and demand for products and services. The concept of silver economy can be defined as the potential repr...

The article deals with the basics of the formation of tourism in society, reveals the content of the phenomenon of tourism, offers a unified social system of tourism, its essence, characteristics and philosophical purpose. The analysis of scientific understanding of the phenomenon of tourism based on scientific schools of the Western sociological science is carried out. An attempt is made to systematize the statements of European scientists about the commercial nature of tourism and the creation of a single touris...

The aim of the article is to evaluate whether the construction of the income tax in Poland indicates the implementation of the principles of social justice to which Article II of the Constitution of the Republic of Poland refers. In order to achieve the pursued objective of the paper, it was analyzed how the amount of the income that is not the subject of individual income tax and the poverty lines in the years 1995-2017 related to each other. The above relationships were compared with relationships in selected co...

The paper addresses the widely discussed problems of development of banking systems, as well as the problem of achieving a balance between ensuring financial stability and stimulating business activity in the country. The lessons of the global financial and economic crisis 2007-2009 prompted regulators and, in particular, the Basel Committee on banking supervision, to transform the regulatory system to more rigid models. The need for restrictions on the freedom of the market through increased powers of regulatory ...

Regional property complex transformations in different territories have several distinguishing features since they follow different patterns and result into a particular structure of a region’s economy. No matter how exactly property ownership transformation took place in a given region, specific features of it would be indicated by structural shifts between the private and public sectors. The shifts determine vector and dynamics of social and economic development of a region, thus stipulating the role of both pub...

The paper fills the gap of the scarce economic literature devoted to the investigation of systemic banks’ prudential features. The statistical analysis gravitates around those banks designated by the Basel Committee of Banking Supervision as global systemically important banks (G-SIBs). It had been considered a comprehensive sample of 28 European systemic banks whose key financial indicators (capital adequacy, profitability, liquidity, and asset quality) became inputs for the peer analysis performed. The explorato...

Human Development Index (HDI) is calculated as a combined index of three indicators: the expected life expectancy, purchasing power and expected education. These three indicators can adequately represent the development of the country because the longer life expectancy of a population implies a better health condition, resulting in better psychophysical abilities or greater human vitality. The purchasing power of the population indirectly expresses the level of satisfaction of the needs, and thus the satisfaction ...

Background. Many theories in scientific publications are focused on assessing the growth of particular regions and their mutual comparisons. Many authors are dealing with the issues such as economic growth and development of regions. The goal of the paper is to find out what impact on the enhancement of regional gross domestic product has issues such as employment, average wage, number of small and medium enterprises and road network density. Then as a next step to identify the groups of regions through cluster an...

Negative demographic evolution, which applies also to the Slovak Republic, can be reversed to a certain extent by a well-set immigration policy. Integration policy plays an important role in immigration policy. An appropriately set integration policy is a prerequisite for an increase in the number of migrants to have a positive impact on the economic development of the host country. Failing to integrate migrants into the host country's society results in marginalization. The article analyzes the current situation ...

The purpose of this report is to trace the dynamics of room prices in the main hotel types in Bulgaria, which occur as a result of the changing market situation (conjuncture) during the period 2010-2016. The 4 star coastal and mountain recreational hotels are investigated by categories, seasons and weekly periods. The method of average values and price indices is used as well as the method of non-standardized interview with hotel managers. The results of the survey lead to the conclusion that hoteliers in Bulgaria...

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 t...

Background: The aim of this article is to discuss selected concepts of establishing and transforming business models and then to present the business model transformed with their use for a selected sector. Method: Selected methods of linear and algorithmic designing used in the process of organization creation and strategic plans establishment were analyzed. They were referred to the specific economic sector, covering both the tourist services and health resort treatment in health resorts. Results: To illustrate t...

Objectives: In modern conditions, almost all countries of the world and Russia are characterized by ecological problems related to environmental pollution by the industrial sector. Industry is the main pollutant of atmospheric air. People living in large industrial cities have to breathe the air oversaturated with harmful and toxic substances which are released into the atmosphere by industrial enterprises. At that, the scale of pollution depends on the size of the enterprise and the consumed raw materials. Thus, ...

The spa resorts from Romania recorded after 2000 specific sectoral dynamics determined by the lack of a strategic reference framework and very low private investments. The study aims to highlight the patterns of structural evolution of spa resorts from Romania, based on a consistent statistical support. On this line, a database was created starting from the classification of activities in the national economy (NACE) for the period 2000-2016. Based on this statistical support, detailed analyzes were carried out reg...

The new challenge before today’s CEOs and executives is to realize that intellectual property (patents, trademarks, copyrights, etc) are assets that enhance corporate value and offer the company a new competitive advantage. The proper exploitation and measurement of intellectual property or intangibles gives strategic and financial benefits to the underlying organization.The number of patents of the underlying company are used in the literature among other variables as a proxy for intellectual property or innovati...

“Aurel Vlaicu” University of Arad took part in a large scale monitoring study that focused on the university graduates all-over the country. The national study was performed for 18 universities targeting the graduates and their insertion on the labour market. A national database was set-up and data-processing was performed, involving the entire amount of data. After consolidating the results, the central database was split-up and delivered to the universities for their own data-processing and conclusions. This pap...

The present day approaches to the concept of “entrepreneurship” are analyzed. Possibilities of high-skill training of young people for entrepreneurial activity in the context of a consistent integrative "School – Higher Education" system are assessed. The specific features of implementing the program of business training of students are revealed. The structural components of the program are presented. For justification of the efficiency and implementation of the business training program, the results of pedagogica...

The paper attempts to assess the impact of the recent 2007-2009 crisis on economies of the Baltic countries. Following the relevant literature review, two different approaches are tested: the first one attempts to summarize two dimensions of crisis severity, and the second approach is based on the notion that the recession brought by the crisis is just a painful readjustment of economy to normal trend of development which was corrupted by the unhealthy boom. In the first case, two types of severity index, embracin...

Background: Ski resort is a kind of tourism destination and can be defined and understood in many different ways. The common feature of all ski resorts is dominant role of the offer for winter sports (alpine and cross-country skiing, snowboarding) participants in the destination product. However ski resorts are diverse due to different natural and legal conditions, their size, technical equipment, age and other factors. The concept of community and corporate models of ski resorts is an attempt to explain that diff...

The actual problem of the present is the overcoming of global inequality. This article discusses current theoretical models that seek to explain the uneven pace of economic growth. The aim of the research is to study the causes of the uneven economic development of the countries of the world and the proposed ways to make away economic backwardness. The research method is a comparative analysis of the concepts of the new institutional economic theory and the Other Canon on the origins of wealth and poverty of moder...

The objective of this paper is to analyze the development of luxury hotel industry in Romania in the last more than thirty years. The research methodology consists of the inventory of the accommodation capacity of Romania, of the luxury hotels built in this period and the analysis of assessment methods and identification of hotel strategy types for this market (hotel chain penetration, formation of the new brands). According to the new trends in luxury travel industry, the research aims at analyzing the possibilit...

Clusters through their structure (the "four-leaf clover" model: members of the Business and Research-Development-Innovation areas, Authorities and Catalysts) play an important role in the innovation eco-system as accelerators for innovation and competitive value chains development of value in the smart specialization priorities. The services provided to the cluster members, especially aimed at creating synergies between science and research through the collaboration between the business environment and the RDI bas...

In today’s world, where we can witness the ubiquitous implementation of information and communication technologies along with the inevitable digitalization of business processes, the role of intangible assets, of intellectual property and intellectual resources for achieving sustainable competiveness is growing in importance. The aim of the present article is to contribute to the identification of the elements of intellectual capital in trade under the established fields in the economic literature: human, organisa...

The problem of shaping and functioning safety culture and its role in the operations of construction enterprises has been undertaken in the paper. The ways of defining safety culture and the safety culture assessment model in the company have been presented. Risk and safety have been presented as cultural values. Social factors conditioning the conduct and motivation to organize safe working conditions have been incorporated into the safety culture notion, and the development of positive safety culture is now rega...

Financial instruments are one way of providing assistance from the European Structural and Investment Funds. They support investments that are expected to be financially viable but have insufficient funding from market sources. They may take the form of capital investments, loans, guarantees or other risk-sharing instruments. Unlike grants, they represent a return form of assistance through them the final beneficiary can access the financing of economic activities on preferential terms. The specificity of financia...

At present, it is widely accepted that the innovation represents the engine for the economic development, increasing the quality of life and building a sustainable future for humanity. Innovation exists from the beginning of mankind, in various forms, but only during the last century, its role increased continuously and became a fundamental element in the development process. European Union started to assess the performance in innovation from 2001 with European Innovation Scoreboard, a composite indicator that cov...

The evolution of the world economy over the last decades has demonstrated its importance in the consolidation / imbalance of world geopolitics for every country. The economic crisis has determined for most states or groups of states to consider a priority the economic stability. Tourism, as part of the state and world economy, is a major contributor to GDP. Besides the financial value (which represents a payable “service”, also determines the international currency), tourism motivates the movement of people, cultu...

The BMI index has a comprehensive effect on the individual's life and, in relation to prevention and therapy of cardiovascular diseases, it affects also economic aspects like the finances spent by the individual in this connection. This article, based on the implemented project supported from the program project of the Czech Ministry of Health with reg. No.15-31000A, called "Intervention procedures in preventive cardiology", was aimed at ascertaining, describing and evaluating the relations of the financial amount...

The paper presents the situation of investments in the hotel and restaurant industry, from the eight development regions of Romania, during 2008-2016. The data used in the study was taken from several sources of statistical data of various organisms in the field, and then they were sorted and hierarchized for further processing. The purpose of the processing was to highlight the level of investment in the hotel and restaurant industry in each development region of Romania and to compare the turnover of the sector ...

Health is a fundamental good that can not be bought in a market, and its determinants are the genetic "luggage", lifestyle, the environment, and health care, regardless of whether we are talking about humans or animals. The need for health care is a relative concept involving both the individual and society, all of which has as its starting point the poverty of information (knowledges) that an individual has in relation to his "needs" for health care. The relations with customers and communication between them is ...

In the study basing on the key regional indicators and export goods analysis is discussed the possibilities of current regional foreign trade models in the social and economic development in case of the sanctions restrictions (on the example of the Republic of Tatarstan). Basing on the received estimates is analyzed the proposed position that the current foreign economic relations models of export-oriented regions are capable to compensate in the medium term some lost profits in the cases of the sanctions restrict...

The innovation becomes vital for increasing the competitiveness of national economies. Innovation means investment in R & D by the private sector, large research institutions and extensive collaborations between universities and industry. The aim of this paper is to study the relationship between innovation and competitiveness in European Union countries. Ensuring future economic growth will require solutions that are more creative than any we have seen so far. The European economies faced a long period of low gro...

The purpose of this work is to study the economic phenomenon "city - entrepreneur" and to justify the parameters of its identification in relation to the realities of the modern Russian economy. The main method of research is the analysis of statistical indicators. The authors propose quantitative parameters that allow identifying the city-entrepreneurs in the Russian economic space: the level of economic diversity and services; the availability of human capital: the level of urban environment and living condition...

In the development strategies and programmes of the Russian Federation as a whole and of individual regions, tourism is recognized as an important tool for sustainable rural development. The popularity of rural tourism is largely due to the low cost of recreation and the possibility of recreation and rehabilitation in certain climatic conditions, but its development requires the search for new forms of organization and the creation of appropriate conditions, and in the first place – infrastructure. The aim of the ...

Within the new era of digitalization, software development and personalization projects play a major role for the IT & Telecommunication players. They also come with a range of associated risks like the risk of not being able to deliver on time, on budget or the needed scope. It is thought that having the clients directly involved in the development and personalization process comes with a range of benefits that help lower the project’s overall risk. In order to demonstrate the added value of supplier-client colla...

In this article the institutional environment of the banking system of the BRICS countries are analyzed. There is analysis of the key statistical characteristics of the banking sector, the main trends in its development. Also article reveals the characteristics of the external institutional environment. The purpose of our study is to test the following hypothesis: factors of the external institutional environment affect the banking system. The subject of the study is the BRICS countries banking system. The period ...

Nowadays, companies deal with a dynamic process of adapting economic sectors to the EU requirements and conditions as well as to internal domestic regulations in terms of corporate sustainable activities, including identifying, measuring, estimating and disclosing various information. Ongoing economic changes determine conditions under which today’s business is conducted also in the area of municipal management, and impose the necessity to implement innovative organizational, financial and accounting solutions. Th...

The assessment of traditional components as part of the material cultural heritage is an essential element in the development of the cultural tourism. The south-western area of Romania, especially the Banat geographical area, on a rather extensive area, within the rural areas and small and medium-sized towns, faces a rather large economic problem. This was determined by the shift from a censored socialist economy to a free market economy, after which there has been registered a process of restricting the industria...

The article examines correlation between the existing principles of state competition policy and innovative economic development. A perfect competition model has been currently adopted as an ideal sample of the commodities market state, being characterized by a sufficient number of sellers and buyers, when none of them can decisively influence market prices. Consequently, countries endeavor to bring real markets conditions closer to this ideal state by competitive policy, that occur in dedicated state effort to re...

The availability of high-quality and skilled workers is one of the basic prerequisites for the development of the country's economy, together with the technical level and equipment. States seek to promote the education and qualifications of their people. It is an investment in human capital. Human capital is unstable and can migrate, thus contributing to the economic development of other countries or regions (brain drain, brain gain). This phenomenon has not only demographic and sociological but also economic impa...

Persons with disabilities, constituting one of the largest minorities in the world, experience a difficult situation on the labour market and are particularly vulnerable to marginalization resulting from unemployment. In Poland, similarly to other countries, persons with disabilities are characterized by the significantly low activity on the labour market. They are more frequently unemployed and less often take up work comparing to people without disabilities. The survey and the subject literature review carried o...

New knowledge and innovations have been developing as a resource of economic stability and growth in recent years. That is why territories become more dependent on the level of new knowledge and innovations. In view of the specified current trends of world economy development, which initiate generation functioning of a new type on the basis of the network concept, it is necessary to consider features of interaction of regional economy subjects in the context of cluster and network collaboration, as well as the con...

In order to determine the content of different biochemical components in sweet potato tubers under the conditions of sandy soils from D?buleni, the following varieties were studied: Yulmi, Juhwangmi, Hayanmi, KSP 1, KSC 1, grown in transparent mulch culture, in the first decade of May, in the climatic conditions of the period, 2015-2017. All varieties studied showed a total dry matter content of over 30% and the highest content was determined for KSC1 (38.87%). Also, the results obtained with respect to the conten...

At present, one of the main cardinal factors is the question of economic governance and the sustainability of business entities. The issue of financial and economic analyzes contributes significantly to decisions in the field of corporate management. One of the essential dispositions of each manager is an understanding of financial theory. The aim of the contribution is to point out the sustainability of the company's performance, with an accent on economic performance and indicators of the company's economic perf...