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In terms of structure, state and evolution of the economy in the last decades, Romania and Bulgaria have common characteristics, being similar also, from the development perspectives point of view, with goals and projections that are intertwined. This study aims, on the one hand, to capture the economic situation as a whole, at the level of the two countries, and on the other hand to identify the best ideas, but also viable measures, which lead to the achievement of the set objectives, in the next period. At the same time, based on V A R - Vector Autoregression Model analysis, a correlation report is analyzed, which identifies three of the most important macroeconomic indicators, in the current economic environment, namely: public debt, gross domestic product, respectively investments. The reference period considered is between the years 2009 - 2021, with a quarterly frequency. [ABSTRACT FROM AUTHOR]

The development of tourism is usually associated, in positive terms, with economic development, foreign currency inflows, employment opportunities, infrastructure improvements, sustainable development and poverty alleviation. However, the nature of the tourism-growth relationship is still a matter of academic debate, and, perhaps, an expression of the inconsistencies and contradictions of public policies designed to support this industry. Researchers and practitioners have not yet come to an agreement on a number of fundamental questions: does tourism stimulate economic growth or the converse, and whether the causality, if it does exist, is uni or bidirectional, is constant or can change its direction in the medium - or long run. The present paper investigates the relationship between Gross Domestic Product (GDP) per capita and international tourism in Romania, over the 1995-2016 period. Our results show that the causal effect of the GDP on the international tourist arrivals and on the international tourism receipts is significant in the long run in Romania. In the short-run, we find a unidirectional causal relationship from the international tourism receipts to GDP, and a bidirectional causal relationship between GDP and the number of international tourist arrivals. [ABSTRACT FROM AUTHOR]

Foreign direct investment (FDI) represents one of the ways to finance any economy. In the study we approached the theme from the point of view of the evolution of foreign direct investments in Romania. Using analytical methods, interpretations and correlations, we drew conclusions on the categories of foreign direct investment, net foreign investment flow and the balance of foreign direct investment. Last but not least, we analyzed the relationship between FDI and GDP as one of the main macroeconomic indicators of the result, highlighting the percentage and trends of foreign direct investment in GDP in Romania between 2000 and 2018. We also high lightened the directions where foreign direct investment is needed in Romania to support a sustainable development of our country. [ABSTRACT FROM AUTHOR]

The public investments play an important role in stimulating the economic growth and in reducing the disparities between urban and rural areas or between the regions of a country. The share of public investments in GDP in Romania has decreased significantly in recent years, giving the increase of some categories of public expenses, as well as the decrease of the budget revenues that have generated actions to adjust the state budget, in order to avoid the excessive deficit procedure. This paper analyzes the problem of public investments in Romania correlated with the evolution of the main categories of public expenses. [ABSTRACT FROM AUTHOR]