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Stimulation Of Economic Growth In Romania Between Reality And Desiderate

Author

Listed:
  • DOBROTA GABRIELA

    (CONSTANTIN BRANCUSI UNIVERSITY OF TARGU JIU)

  • UNGUREANU DRAGOS MIHAI

    (SPIRU HARET UNIVERSITY OF BUCHAREST)

  • CHIRCULESCU MARIA FELICIA

    (CONSTANTIN BRANCUSI UNIVERSITY OF TARGU JIU)

Abstract

Fragility of economical environment subject to a dynamic process of globalization in recent decades has been demonstrated abundantly, year 2007 representing an important point in terms of triggering the accentuated macroeconomic imbalances. The propagation of the financial crisis in the economic environment is clearly reflected by the contraction of the global economy after a long period of growth, the emphasizing of budget deficits, reducing wages, increase of unemployment. Romania was significantly affected by the global economic crisis, amid a long line of inadequate policies. The orientation excessive economic development through consumption and the unfavorable ratio between income and productivity are issues that have contributed significantly to the decline of the Romanian economy. Inadequate measures taken have worsened the effects of crisis: reducing foreign investment, increasing of trade deficit, reduction of living standards, decreasing the number of SMEs, worsening the institutional weaknesses etc. In this paper, are addressed aspects which highlights the effects of economic policy measures promoted in Romania after the transition to market economy, on stages, specifying measures necessary to ensure the functionality of coordination mechanisms, in order to register determinant impulses of economic growth.

Suggested Citation

  • Dobrota Gabriela & Ungureanu Dragos Mihai & Chirculescu Maria Felicia, 2013. "Stimulation Of Economic Growth In Romania Between Reality And Desiderate," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 6, pages 44-49, December.
  • Handle: RePEc:cbu:jrnlec:y:2013:v:6:p:44-49
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    References listed on IDEAS

    as
    1. Christian E. Weller & Manita Rao, 2008. "Can Progressive Taxation Contribute to Economic Development?," Working Papers wp176, Political Economy Research Institute, University of Massachusetts at Amherst.
    2. Easterly, William & Rebelo, Sergio, 1993. "Fiscal policy and economic growth: An empirical investigation," Journal of Monetary Economics, Elsevier, vol. 32(3), pages 417-458, December.
    3. Elena Lucia Croitoru & Mihai Dragoș Ungureanu, 2012. "Consideration Regarding the Taxation in Finland and Romania," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 12(1), pages 69-76.
    4. Ioan Talpos & Bogdan Dima & Mihai Ioan Mutascu & Cosmin Eugen Enache, 2008. "Tax Politcy and Social Output: The UE Case," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 8(8(525)), pages 09-30, August.
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    Cited by:

    1. Dobrota Gabriela, 2014. "The Evolution And Effects Of The Foreign Direct Investments In Romania," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 97-102, February.
    2. Dobrota Gabriela, 2014. "The Development Of The Sme Sector – Fundament And Necessity For Sustainable Relauching Of The Economic Activity In Romania," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 0, pages 471-475, May.

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