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Managing the Financial Stress Generated by the COVID-19 Pandemic in the Public System. Solutions for Economic Restart in Romania

Author

Listed:
  • Cristian MIRICA

    (Dunarea de Jos University of Galati, Romania)

  • Monica Laura ZLATI

    (Stefan cel Mare University of Suceava, Romania)

  • Angela Eliza MICU

    (Ovidius University of Constanta, Romania)

  • Silvius STANCIU

    (Dunarea de Jos University of Galati, Romania)

  • Violeta SAPIRA

    (Dunarea de Jos University of Galati, Romania)

  • Andrei Mirel FLOREA

    (Dunarea de Jos University of Galati, Romania)

Abstract

The study submits the pragmatic analysis of the socio-economic context during the medical crisis triggered by the coronavirus pandemic and in the period immediately after it, with the identification of pertinent solutions to reduce financial stress on the public budget and to stimulate economic recovery. The objectives of the study are to identify the main factors having a strong effect on the national economy during the COVID-19 crisis and to transpose them into a financial stress management system, based on econometric modelling. The results of the study highlighted the dynamics of Romania’s socio-economic evolution in the period immediately after the pandemic and in the long run, while identifying viable solutions for economic recovery and stabilisation of both health and economic status of the population. The results of the study are useful to the profile institutions in Romania and to economic agents in identifying the approaches and strategies that could be adopted at macro and microeconomic level for economic recovery after the coronavirus pandemic crisis.

Suggested Citation

  • Cristian MIRICA & Monica Laura ZLATI & Angela Eliza MICU & Silvius STANCIU & Violeta SAPIRA & Andrei Mirel FLOREA, 2020. "Managing the Financial Stress Generated by the COVID-19 Pandemic in the Public System. Solutions for Economic Restart in Romania," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 1, pages 61-67.
    • Handle: RePEc:ddj:fseeai:y:2020:i:1:p:61-67
    DOI: https://doi.org/10.35219/eai1584040982
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    References listed on IDEAS

    as
    1. Silvius Stanciu & Florina Oana Virlanuta & Oana Alexandra Vochin & Romeo Victor Ionescu & Valentin Marian Antohi, 2019. "Fast Moving Consumer Goods (FMCG) Market in Romania. Features and Trends," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 21(S13), pages 778-778, November.
    2. Valentin Marian Antohi & Monica Laura Zlati & Roxana Sârbu & Silvius Stanciu & Florina Oana Virlãnu?ã & Sorin Anagnoste, 2019. "Approaches regarding the Management of Food Policies in the Context of the African Swine Fever Crisis based on a Food Sustainability Statistical Model," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 21(51), pages 329-329.
    3. repec:aud:audfin:v:21:y:2019:i:51:p:329 is not listed on IDEAS
    4. Andrew Atkeson, 2020. "What Will be the Economic Impact of COVID-19 in the US? Rough Estimates of Disease Scenarios," Staff Report 595, Federal Reserve Bank of Minneapolis.
    Full references (including those not matched with items on IDEAS)

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