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Viability of liberal professions' economic effectiveness in the context of the new fiscal changes in Romania

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  • Valentin M. Antohi
  • Monica L. Zlati
  • Riana I. Radu
  • Cristina G. Cosmulese
  • Marian Socoliuc

Abstract

In the current economic flow generated context, the services provided by liberal professions have become a link between producers and suppliers of products, services and end‐users. The objective of the study is to delineate the fiscal debt sustainability threshold and its impact on liberal professions specific activities. A subsequent objective is to highlight the impact of the independent activities of the liberal professions at the micro and macroeconomic level by developing a model of circular interdependence, between the inputs and outputs of resources, services and the critical point from which it can produce value, continuity and growth in activity. The results of the study are based on the definition of the role of the liberal profession in the context of the current economy in Romania, as well as on the demarcation of the critical point from which the economic spiral can create added value and profitability.

Suggested Citation

  • Valentin M. Antohi & Monica L. Zlati & Riana I. Radu & Cristina G. Cosmulese & Marian Socoliuc, 2021. "Viability of liberal professions' economic effectiveness in the context of the new fiscal changes in Romania," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(1), pages 1236-1255, January.
    • Handle: RePEc:wly:ijfiec:v:26:y:2021:i:1:p:1236-1255
    DOI: 10.1002/ijfe.1847
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    References listed on IDEAS

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