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The Main Causes and Ways of Decreasing the Economic Crisis in Romania

Author

Listed:
  • Angelica BACESCU-CARBUNARU

    (The Bucharest Academy of Economic Studies, Romania)

  • Monica CONDRUZ-BACESCU

    (The Bucharest Academy of Economic Studies, Romania)

Abstract

The paper deals with the implications of fiscal policy based on the single taxing quota, and also the imbalances between import and export on the economic crisis in Romania. Based on the statistical data, it is emphasized, on the one side, the international experience of professor Arthur Laffer’ s theory application at the developed capitalist countries and the ways they acted for eliminating the registered negative effects. On the other side, it is underlined the effects of applying this theory on Romania’s economy and the effects of reducing big taxes and the high increase of foreign trade deficit. Finally, the conclusions are outlined and the main solutions which must be applied are shown, solutions necessary for the development of the national economy in the following period.

Suggested Citation

  • Angelica BACESCU-CARBUNARU & Monica CONDRUZ-BACESCU, 2012. "The Main Causes and Ways of Decreasing the Economic Crisis in Romania," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 13(1), pages 17-29, March.
  • Handle: RePEc:rom:rmcimn:v:13:y:2012:i:1:p:17-29
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    File URL: http://www.rmci.ase.ro/no13vol1/02.pdf
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    More about this item

    Keywords

    Laffer curve; single taxing quota; fiscal revenues; marginal taxes; foreign trade deficit; economy disindustrialisation.;

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E64 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Incomes Policy; Price Policy
    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions

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