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Given that the studies conducted so far reveal a wide range of conflicting results concerning the potential transmission channels of income inequality, the following questions arise: Is there a ß-convergence process at the European level that is influenced by financial and social inequalities? What is the relationship between economic growth and inequality in Romania and other emerging Eastern European countries, given that there is mixed evidence in the literature? Therefore, in carrying out this research, we aim to assess the specificity of the economic growth-income inequality nexus in 5 ex-communist CEE states over the period 2010-2019 using spatial econometric techniques. On one hand, the main results support the existence of a ß-convergence process in Europe that is conditioned by absolute poverty phenomena. This argues for considering poverty as an additional channel that may hamper the economic performance of EU members. On the other hand, our findings reveal a predominantly negative relationship between variables that is determined by variations in the initial income level and the degree of poverty. Additionally, by conducting sub-national analyses, we observe that, in Romania, the growth-poverty-inequality triangle is influenced by severe socioeconomic disparities. From a policy perspective, economic growth can be a useful instrument in reducing regional poverty in Romania if it is supported by consistent increases in the population's revenues (i.e. the case of North-West and Centre regions), while a higher pace of income growth compared to the regional productivity growth rate tends to foster future rises in poverty. [ABSTRACT FROM AUTHOR]

Increasing economic inequalities between Romanian counties triggered a wealth of research on this topic, including many theoretical and empirical studies focused on assessing the divergence process. While previous studies addressing the regional economic convergence/divergence in Romania applied various methods of investigation, some even acknowledging the spatial dependence and employing specific spatial econometric models, our study aims to advance the empirical analysis by using a more powerful investigation tool, namely the dynamic spatial panel model, important for capturing the spatial spillover effects. Drawing on data from 2000–2020, issued by the Romanian National Institute of Statistics (NIS), our study finds that tertiary education has a convergence accelerating effect on GDP per capita, while secondary education seems to be statistically insignificant in most models. Far from implying that secondary education is not important, this result simply reflects the fact that its territorial distribution is rather uniform relative to the population, therefore it does not bring evident comparative advantages. Our study highlights the importance of highly educated (hence more efficient and productive) workforce in reducing economic growth disparities. Nevertheless, we argue that investing only in education and not creating complementary job opportunities may lead to internal and external migration. Our results provide valuable insights for Romania's territorial policy on education. [ABSTRACT FROM AUTHOR]

The paper aims to analyze the degree of convergence of the horticultural sector in Romania with other EU member states taking into consideration the competitiveness indicators. In order to be able to establish a causal link between the factors of competitiveness in determining the degree of convergence of the horticultural sector, certain indicators of competitiveness were considered such as the family income of the holding per annul work unit (AWU) and the net added value per unit of annual work. In addition, other indicators were calculated, such as gross value added/AWU and the total value of production. These indicators were calculated based on FADN data, covering the period 2013-2018 including for several other member states of the European Union in order to make comparisons with Romania. The results show a low level of competitiveness compared to all countries analyzed, which indicates that the horticultural sector in Romania is not yet close to achieving the economic convergence with the main EU horticultural sectors of some countries which represent Romania's competitors in the field. [ABSTRACT FROM AUTHOR]

The years 2006-2016 marked a challenging decade for Romania in terms of regional development as they covered the preparation, implementation and the necessary arrangements for the closure of the first financial exercise within the cohesion policy. As more data is becoming available with regard to the final results of the convergence programmes, the present paper focuses on the actual achievements of these programmes in 3 of the Romanian counties from the region North East. Using a bottom-up approach, the paper analyzes the results of the projects carried out by public type authorities at county and locality level, identifying the areas where the financial support was concentrated and the performance of the local authorities in using the European Union funds. As currently the set-up for the second financial exercise is under fine tuning, the paper also suggests some future means of improving the type of information regarding the physical achievements of the interventions on regional development. [ABSTRACT FROM AUTHOR]

This article provides a retrospective and a summary of the convergence of Romanian economy to the model of the European economy, from the transition to a stable market economy, through the pre-accession period, and also the post-accession to the European Union since 1 January 2007, with the declared intention of eventually joining the euro space or area. The retrospective is accompanied by an instrumental-statistical or reasoned introspection based on key indicators. Tourism, and especially its seasonality, is analyzed from the angle of their present and future impact on the national economy. The conclusions highlight the need for programs and policies meant to promote tourism development and diminish the seasonal character of tourist activities, with a higher contribution of mountain and rural tourism. [ABSTRACT FROM AUTHOR]

The article discusses the economic convergence between the regions in Romania and the European Union (EU) from 2000-2010. It states that the gross domestic product (GDP) per capita was used to investigate the economic convergence between the regions. It also mentions the evident convergence between Romania and the EU and the widened inter-regional disparity in the country.

This paper presents the result of a research developed several years concerning the accounting system architecture in Romania. Entry into the European Union required the implementation of an efficient accounting system. Were analyzed compatibilities and incompatibilities between the EU accounting directives and international accounting standards. Romania faces irreversible processes in terms of economic, political, social and cultural implications of accounting, such as: globalization of economies, the development of transnational companies, and the emergence of new financial products. The only solution for these requirements is that the Romanian accounting to be complied with community's acquis and the effective application of International Financial Reporting Standards (IAS/IFRS). [ABSTRACT FROM AUTHOR]

The political and economic changes that occurred at the end of the 1980s brought about considerable changes in the spatial structure of Romania. The goal to achieve a rapid economic growth overshadowed the objectives of social equity, economic and territorial cohesion, contributing to the increase in regional disparities. The main goal of the study is the presentation of the spatial structure of the European Union and the analysis of the regional disparities using two basic indicators: GDP/capita and the Human Development Index. In this framework a distinct attention will be given to the position of Romania and of the Romanian regions in the spatial structure of the European Union. [ABSTRACT FROM AUTHOR]