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Social and economic effects of the restitution of the properties in Romania

Author

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  • Padure Loredana Adelina

Abstract

The defining feature of ownership is to provide an objective criterion to resolve potential conflicts in society. After 1990, restitution claims began as real assets to the rightful owners, either through compensation. Thus it was established the Property Fund which seeks the restitution of properties confiscated by the communist state of the market value. An economic problem of computability occurs in this situation, since it is necessary to estimate the outside market mechanisms, compensation. New shareholders will bear the risks or will enjoy benefits associated activities economic, which will be the absence of restitution or unearned income. Monetary compensation by the state of their rightful owners experiencing difficulties ethically and economically. Given that situation nationalized properties in Romania during the communist period it has not been resolved in a fair, owners are still waiting for practical solutions. The number of requests addressed to European courts faced with a difficult situation Romania, the considerable economic implications - social

Suggested Citation

  • Padure Loredana Adelina, 2015. "Social and economic effects of the restitution of the properties in Romania," Impact of Socio-economic and Technological Transformations at National, European and International Level (ISETT), Institute for World Economy, Romanian Academy, vol. 7.
    • Handle: RePEc:iem:imptrs:v:7:y:2015:id:2822000009382135
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    More about this item

    Keywords

    property restitution; socio-economic effects of Claim estate; ANRP report;
    All these keywords.

    JEL classification:

    • A30 - General Economics and Teaching - - Multisubject Collective Works - - - General

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