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Global Economic Observer
ISSN 2343-9742 · Nicolae Titulescu University · 385 artikel di indeks
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Financial Structure, Profitability and Productivity in the Romanian Pharmaceutical Industry: A 2020–2024 Analysis
The pharmaceutical manufacturing sector is one of the most stable and high-performing sectors of the Romanian economy. This study analyzes the evolution of the financial performance of companies classified under NACE code 2120 (Manufacture of pharmaceutical preparations) for the period 2020–2024…
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Economic Migration and Regional Differences in Romania
Economic migration is a structural process with major implications for the socio-economic development of Romania, influencing the territorial distribution of the active population and the regional dynamics of the labor market. In the context of the persistence of significant economic disparities…
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A Closer Look at the New IFRS Accounting Standard IFRS 18 „Presentation And Disclosure In Financial Statements” and his Impact on Company Reporting in the Future
In April 2024, the International Accounting Standards Board (IASB) has published a new accounting standard to be used by IFRS reporters from 2027, IFRS 18 ”Presentation and Disclosure in Financial Statements”. The new standard will transform the look of the income statement and aims to improve…
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Researchers in R&D and Patent Applications by Residents: A CrossCountry Econometric Analysis
A patent application is a relevant indicator of the outcomes of research and development activities and also represents an incentive for firms and countries to invest in such activities for the economic and strategic value of the resulting goods or processes, protected for a certain period of time…
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State Aid as a Driver of the EU Green Transition: A Comparative Analysis of Member States in the Post-Pandemic Era
State aid policy is often perceived as a restrictive component of the European Union (EU) competition law. However, recent crises, such as the COVID-19 pandemic and the economic disruptions generated by the war in Ukraine, have demonstrated its capacity to function as an effective policy instrument…
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The Role of Renewable Energy in the Efforts to Combat Climate Change in the CEE-4 Countries
The European Union's strategic objective is to augment the proportion of renewable energy sources within its energy mix. This initiative is primarily driven by the need to address the pressing issue of climate change, with a secondary objective of maintaining its position as a global leader in…
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The German Automotive Industry under Geo-Economic Pressure: From Hegemony to Structural Vulnerability
While the automotive industry has historically been at the core of Germany’s economic strength and acted as a major driver of the country’s export performance, it now reveals some of the most significant challenges facing the national growth model. Against this backdrop, the article examines how…
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Green Jobs in Romania in the Context of the Circular Economy: Opportunities, Challenges and Public Policy Directions
The article analyzes the development of the concept of green jobs and the acquisition of green skills in Romania in the context of the transition towards the circular economy, highlighting the connection between employment, environmental protection and the efficient use of resources. The circular…
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Semi-Structural Macroeconomic Modelling for the Republic of Moldova: A Parsimonious Annual Framework
The Republic of Moldova has remained underrepresented in the post-Soviet macroeconometric literature: while Bayesian quarterly frameworks have been developed for monetary transmission, no publicly documented annual demand-side framework with explicit elasticity estimates has been available. This…
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Impact of Fees and Commissions on Banks Profitability in the European Union and the Republic of Moldova
The article analyzes the impact of fees and commissions on the profitability of the banking sector in the European Union and the Republic of Moldova during 2015-2024. The research tracks the structural evolution of the main components of total operating income, with a focus on net fees and…
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Second-Generation Asian Tigers in Global Value Chains: A Comparative Analysis of Backward and Forward Linkages
Considering different patterns and levels of integration into global value chains (GVCs), this paper investigates similarities and differences among the second-generation Asian Tigers from the perspective of their interconnections between industries and countries, i.e., backward and forward…
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Brazil’s Renewable Energy Sector and Sustainable Foreign Investment: Opportunities and Institutional Challenges
Brazil stands as Latin America's leading economy because almost 80% of its electricity generation comes from renewable energy, including hydropower, wind, solar, and bioenergy. A geographical blessing and plenty of natural resources give the country an opportunity to become an international leader…
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Financial Innovations and Economic Convergence in the European Union: Evidence from Regional Cohesion Policy Reconfiguring
This study analyses the structural transformations of European cohesion policy in the context of the acceleration of inter- and intra-regional disparities within the European Union, with a focus on the post-2014 period and the specific challenges of the 2021–2027 multiannual financial framework. By…
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The Role of Nostalgia in Advertising: Effects on Emotional Engagement and Purchase Intention
Nostalgia has become an increasingly important persuasive strategy in contemporary advertising, especially in a media environment marked by emotional saturation, fragmented attention and intense brand competition. This paper examines the role of nostalgia in advertising and its effects on emotional…
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The Budgetary and Economic Impact of Taxation in the Member States of the European Union
Fiscal policy is a key strategic instrument in the European macroeconomic framework, serving a dual role: as the primary source of public revenue and as a mechanism for countercyclical intervention, redistribution, and the correction of market failures. This research proposes an integrated…
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ESG Reporting and Sustainable Finance in the Romanian Banking Sector: 2020–2024
This study examines the relationship between ESG reporting maturity and sustainable finance development in the Romanian banking sector during the European sustainability transition. The research focuses on major banks operating in Romania and analyses how ESG integration influences green finance…
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Beyond the Screen: Assessing the Role of Smartphone Addiction, Fear of Missing Out (FOMO), and Leisure Boredom on Podcast Consumption
The rapid expansion of smartphone-based media has transformed the way people access, select and consume digital content. Among the many forms of mobile media, podcasts have become increasingly relevant because they combine flexibility, personalization and the possibility of multitasking. This paper…
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RESHAPING EU STATE AID POLICY AMID GREEN TRANSFORMATION AND GEOPOLITICAL TENSIONS
State aid policy represents a cornerstone of the European Union’s (EU) free and competitive internal market. While its traditional aim was to prevent unlawful competition and the unfair advantage of large companies, recent years—marked by successive crises beginning with the pandemic and followed…
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THE ECONOMIC IMPACT OF EDUCATION AND VOCATIONAL TRAINING IN THE CURRENT GLOBAL CONTEXT: A COMPARATIVE ANALYSIS – EUROPE VS. USA
In the current global context, marked by accelerated digitalization, ecological transition, and structural labor market shifts, vocational education and training (VET) systems have become strategic levers for increasing economic competitiveness and workforce adaptability. This article provides a…
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TRADE IN SERVICES AND EMPLOYMENT: HARNESSING OPPORTUNITIES AND ADDRESSING CHALLENGES
Considering the recent trends in international business, influenced by the new opportunities offered by increasing digitalization, as well as challenges generated by the post-pandemic economic and geopolitical pressures, this paper investigates the impact of recent developments in services and…