Carmen Valentina Radulescu

• Professor
• Professor (Full) at Bucharest University of Economic Studies

The Romanian economy feels the need to formalize links between the situational economic forecast and the forecast of technological events in industry and agriculture. The article studies a “dimension” of the organization for classifications of data, structures and economic / agro-eco-industrial events for clustering with the help of “dimensionality...

Romania's economy is not yet sufficient / complete and competitive connected to the developed European economy and the global one. In recent economic and general political history, the political, institutional and economic changes that have taken place since 1990 in Central and Eastern Europe, including Romania, are already recognized. The article...

The purpose of this article is to examine the implications of population growth for global nutrition, and how nutrition interventions can support universal health coverage (UHC) and the sustainable development goals (SDGs). The article uses a systematic review of literature to analyze the relationships between population dynamics and nutrition outc...

Investments, approached as a factor influencing the future, have an essential role in economic growth and development by stimulating the production process and by creating new, high-performing structures that are correlated with the specific needs of individuals and society. From the point of view of access to resources, but also of economic-social...

On the labour market, an important aspect is the resizing of jobs due to automation, respectively globalization. Technological changes have led to the need to acquire higher skills. The acquired knowledge and skills can lead to an increase in the ability of graduates to enter the labour market. Thus, for the member countries of the European Union,...

Romanian wine producers/sellers face today – as in any other European (market) economy – challenges specific to such merchandise as alcoholic beverages, of which wines are a part, which, unlike (almost) any other type of product, can destroy consumers and therefore alter the very fabric of consumption process and mechanisms. These consumption limit...

The environment is the natural space that has been transformed by humans over time. It is mostly made up of water, air, vegetation and soil. They are the elements of the natural environment in which man was born. It is already realized that each element plays an extremely important role in the formation of the natural environment. Moreover, all the...

The use of renewable energy sources offers opportunities for regional and local development. Thus, it can be appreciated that the use of renewable sources can stimulate the development of local communities. An advantage is also given by an increased security in terms of local energy supply, but also by a reduction in energy transport losses. Recent...

Changes in the labor market are due to changes in production processes. Automation and globalization lead to the need to update the skills of the workforce. Finding and accessing jobs is all the easier as people have a high level of education. In a globalized economy, maintaining a high level of competitiveness is a major challenge. Vocational educ...

The circular economy is currently being regarded as a solution to an environmental crisis that is as severe as the epidemic, but is less apparent to the general public. For anyone interested in learning more about the circular economy and its application areas, there is a wealth of knowledge available in both specialist and secondary information so...

The European Parliament presents on its official website information on how the European Union intends to reach a circular economy by 2050. The action plans and directions, the key sectors of the circular economy, as well as the ways of waste management and transport are presented. On the other hand, the Department for Sustainable Development withi...

The paper proposes an insight into the relation existing between economic development and resource consumption and the associated implications and challenges for forested areas in Romania. In accordance with this purpose, the methods used are both qualitative and quantitative by using a relevant literature review, including international and nation...

Professor Paul Bran gave the Romanian Economic School the opportunity to grow in the midst of the transition between the traditional economy and the modern economy by understanding the functionality of human, natural and financial capital involved and by complex-multifaceted shaping of the value economy, corroborated by laws non-neutrophils that we...

As the new millennium evolves, the world economy and the natural world are in precarious situations, both generating on the horizon the fear of global instability. In the current phase of globalization, the role of government is to ensure that its economy does not become a slave, with the need to emphasize the competitiveness of national companies,...

This paper assesses the impact of telework on economic growth in the European Union using Feasible Generalized Least Squares method, applied to a Panel of 27 Member States, in the period 2010-2019. The econometric model also analyses the impact of the rate of employed population not working from home on the economic growth, to facilitate the compar...

Through the skills they acquire upon graduation, higher education is increasingly important. Cooperation between different higher education institutions, as well as joint support for university programs, has contributed to increasing student mobility. The article presents an analysis of the level of tertiary education for the population of the Euro...

Reading, math and science are basic skills that students acquire in school. The level of these basic skills is an important indicator of the quality of initial education and training systems. The basic competences acquired in primary and lower secondary education are assessed. The authors propose the analysis of the evolution of underachievement in...

Climate change has become a major issue in the international community from many points of view: political, urgency, sustainable development for future generations, etc. The results of the last elections in some European countries (Switzerland, Germany), as well as some other areas around the world (Australia, Canada) are clear: the Greens have con...

The health crisis generated by the COVID-19 pandemic has induced, among other things, an increase in the importance of remote work or teleworking (TL) in the current period. The objective of this research is to identify the economic and social impact of telework in changing the behavior of employees in Romania. The research was conducted approximat...

Some multinational companies have obtained great results in the field of environmental protection, their business model being worldwide recognised. There is a permanent concern to promote sustainable policies, their efforts being unanimously appreciated. We will start our analysis from the results of an international survey, assuming that in order...

Among other negative economic and health outcomes, the global tourism industry is one of the most affected areas by the recent pandemic. A recent estimation shows that USD 1.3 trillion were lost in revenues, in 2020 only – which represents more than 11 times the loss suffered during the 2009 global economic crisis. It is by far the most the worst y...

The main objective of this paper is to propose a quasi-analytical method through which we can compute the service costs in healthcare organizations, despite the specificities of various institutions. In building the structure of calculations, the approach is based on quasi-optimal modeling and his application within healthcare institutions; in doin...

Research background: This paper presents an overview and a fundamental analysis of the fiscal system in Romania and how it should be, also by showing one of the European champions on fiscal efficiency, the Polish system. Although we are talking about the 21st century, about evolution, economic, financial and fiscal sustainability, the Romanian tax...

Research background: This paper is targeted towards the concept of globalization, its limits and how today’s social movements are proof of a new path needed for sustainable development, sustainability as a goal, economic growth as social progress and the need for taking care of all nationalities, all types of countries when it comes to their develo...

Aceast curs sistematizeaza informatiile referitoare la implicatiile dezvoltarii durabile pentru antreprenoriat si administrarea afacerilor, demonstreaza si exemplifica modul in care sustenabilitatea, ca rezultat al inovarii, poate deveni sursa de avantaj competitiv pentru antreprenori. In acest context, am acordat o atentie deosebita inovarii suste...

Research background: Since the end of COP 21 in Paris 2015 and even before, there is a huge interest for big companies to see their names at the top of the different ranking, as sustainability leaders. It is not only a matter of pride but also a business interest to promote sustainability values. The countries engage themselves to reduce global war...

Research background: After the summit of G7 held in the United Kingdom, important decisions regarding future actions against global warming were taken. Some of them were appreciated by the environmental supporters but many others tend to have a different view, especially because of lack of details. Purpose of the article: In this article, we will a...

The present research aims to establish the impact that the current crisis situation the planet is facing, namely the COVID-19 pandemic, has had so far on the Romanian labor force market. In this context, given the lack of information and information regarding this pandemic and its effects, the administration of a questionnaire among the population...

Heavy work investment represents a research area which has been intensively debated in the specialised literature, especially since 2013. On the one hand, heavy work investment can be made in the means of production, in order to increase work productivity. On the other hand, it is correlated with numerous other factors related to the quality of lif...

Lately, we face many challenges that threaten the well-being of society and the quality of life. All of these challenges are complex and closely related, which means that one approach can have positive consequences for others. In this context, population growth, an extremely delicate subject, from a social and ethical point of view has generally be...

Entrepreneurial education is one of the fastest growing areas in the world today, with a growing interest in academia, which allows the possibility of linking current labor market needs to academic theory. The purpose of this article is to make a positive contribution to the formation of future entrepreneurship programs, by analyzing existing curri...

This paper examines the corporate governance and sustainability disclosure and investigates the existing anchor between sustainability disclosure and corporate governance in Romanian companies. The topic provides a generous field of study because of the novelty of sustainable reporting for the Romanian companies and need for robust, consolidated co...

This paper aims to review the different impacts of income inequality drivers on the Gini coefficient, depending on institutional specificities. In this context, we divided the European Union member states in two clusters (the cluster of member states with inclusive institutions / extractive institutions) using the institutional pillar as a clusteri...

Education is the path to sustainable evolution and acceleration of the catching up process in emerging economies. Without education there is no technological breakthrough, no increase in the created added value and also no improvement in the overall quality of life of a nation’s inhabitants. This paper focuses on the added value created by educatio...

This research tries to highlight what is needed to be done for us and our future generations to create a sustainable mechanism that is green, scalable, and secure for the way we develop and obtain energy from a purely economic perspective. The debate today is about yields when it comes to solar, wind, and hydro- and geothermal paths in producing en...

In this article we present an econometric model of oil production forecast at OECD member level that will allow decision makers but also other oil product stakeholders to be responsible for oil production in OECD member states. This responsibility can be perceived from several perspectives: economic, social, environmental, political, military etc....

Supravietuirea in casa vietii este determinata nu numai de factorii naturali, ci si de cei antropici, de oameni. Omule, lasa natura sa traiasca.., prin ea vei trai si tu! Dimensioneaza-ti mintea, sufletul in primul rand, prin politica pe care o duci, pentru conservarea biodiversitatii, a resurselor naturale, dar si acelor create de tine, nu numai a...

This paper represents an overview of the concept of multi-level governance and the approach delivered on innovation at European level with the purpose of helping and empowering researchers and businesses to thrive in a technologically advanced economy. The concept of multi-level governance derives from the analysis of the institutional framework fo...

This paper aims to review the different impacts of income inequality drivers on the Gini coefficient, depending on institutional specificities. In this context, we divided the European Union member states in two clusters (the cluster of member states with inclusive institutions / extractive institutions) using the institutional pillar as a clusteri...

Local and organic food production is often linked to geographical identity that drives consumers to buy products due to their intangible attributes such as protection of the environment, support of local communities, and preservation of traditions. The primary objective of this paper was to find out if the Romanian consumers preferred a closer loca...

The absorption of European funds is a process influenced predominantly by the managerial capacity of local and regional authorities and by the ability of Member States to provide the necessary co-financing. Thus, the managerial capability of the local authority in a Member State is the key to a high absorption rate of structural funds. This paper a...

The market size of financial intermediaries in Switzerland is estimated at around CHF 500-600 billion (independent assets managers (IAM) only), comparable amount with Swiss pension funds’ assets. This is the equivalent of one account out of eight opened in local banks. However, the new regulation and increasing regulatory costs force IAM to merge a...

Waste represents in European countries as one of the biggest issues regarding environmental protection. The population consumes immense quantities of natural resources, renewable and depleted, and also tries to value environmental factors that if consumed they will damage the environment on the long run. Managing waste represents and targets all ac...

The correct understanding of consumers’ food labeling knowledge and perceptions is a prerequisite to develop and implement coherent and appropriate food safety policies. One objective of the paper was to discover how often consumers access and use specific food label information. Another objective was to explore stakeholders’ preferences for severa...

Accomplishment of sustainable development supposes changes that could affect the interest of various groups. In strategy development goal setting should consider not only the global perspective, but also the needs and possibilities that could be derived from local or regional contexts. Since public participation is not a straightforward process, th...

This study examined consumers' behavior and beliefs related to clothing label. In response to nature degradation concerns, perceptions about the ecological label and the factors that hinder the acquisition of ecological label clothing were investigated. The most frequently read information on the clothing label and the most important ones are size,...

Transposing the vision of sustainable development in action became a responsibility assumed by an increasing number of companies. Integrating sustainability in business strategy has implications upon the company’s activities determining both their change and shifts in the relative importance of them. The strategy of sustainability communication mir...

Sustainability will bring changes in all aspects of the everyday life by overposing ecology over economy. Departing from this prediction made more than a decade ago we are analysing at what extent the entropy based economic theory of value could contribute to the paradigm shift needed for a faster change toward sustainability. Concepts and rational...

In some European countries the service sector has partially replaced the agriculture as the predominantly activity. In this context, there are real opportunities to exploit the natural and human resources in specific rural tourism activities on the farm and/or rural tourism. This study aims to identify the impact and the benefits of tourism on the...

Phd. Prof. Paul Bran (1940-2006), during the mandates of rector of the Bucharest University of Economic Studies (1996-2004) and beyond, although financier proved close to the Faculty of Commerce. In 2001, at the jubilee of the uninterrupted operation of the faculty, he stated: We join alumni, students and professors of the Faculty of Commerce to pa...

In countries with transition economy such as Romania, the problems of sustainable development of farms are linked more to poverty and lack of modern technology, than the application of cleaner technologies and high levels of consumption as in developed countries. However the indifference of authorities in combating climate change caused a damage of...

Mankind has realized the importance of environmental protection only with the advent of the first negative effects of pollution. Climate change, a quite controversial topic, has become a global priority because of the increasing large incidence of natural hazards and of their negative impact on the whole society. In this paper, we tried to capture...

Sustainable development is more a vision than a reality. Nevertheless, individuals worldwide have an important role to play in its building by their consumption behaviour. The strong and positive correlation between consumption and economic growth left the environmental effect of even larger material and energy flows outside any calculations. In th...

Recent decades have brought to the attention of public opinion and decision makers a new dimension - the environmental dimension. For a long while this was considered a stand alone problem, but nowadays the environmental protection enjoys a general recognition, leading to the integration of this new issue in the management of any human activity in...

Profit led businesses have not enough motivations for a long while for following up with interest the evolutions in the field of environmental protection. Although the main driver is unchanged, green became an attractive colour for companies. The rational that support this change of perspective, the managerial tools that could be used for applying...

Progress in the twentieth century was the large-scale results in economically efficiency but also the most complex and unexpected effects faction of society and the environment.The diversity of activities involved in achieving environmental protection imposed an analytical approach designed to allow the formulation of objective benchmarks required...

Sustainable tourism represents a relative recently introduced concept in the analysis of tourism industry, its formulation being motivated by the integration of sustainable development's requirements. The continuous dialogue between the practice and theory of tourism economy led to the occurrence of some biases in the use of this concept. That is w...

Changes occurring within world economy in the last decades have generate widespread debate deployed especially in terms of explosive growth of unemployment, uncontrolled paths of inflation, high interest rate, the crisis of foreign debt, contradictory evolution of the economic integration process, expansion of international trade, budgetary deficit...

The paper deals with the basic theoretical aspects and the policy of the European Union, which is financed by a number of budgetary instruments. Under this policy, Romania is qualified for financial aid to support economic and social development of the country. This aid is considerably higher than that the aid received by the pre-accession PHARE, I...

In current conditions, the energy security is a global challenge that creates gaps between the main world economies and perpetuates systemic risks that are causing direct effects on world stability. Energy plays a key role in modern society and is a vital component for achieving sustainable economic development. In this context, we are analyzing th...

Environment and tourism interact in very close terms, the relation being strong and in many cases straightforward. The synergic interaction came into reality in several forms of alternative tourism with a very dynamic evolution in the last decades. Ecotourism, as the outmost of environment friendly tourism, attracts more and more consumers and dete...

Sustainable development was built as a conceptual framework for solutions that harmonize economy-environment relation. Although widely accepted, its practical implications are still subject of debate and controversies. Our paper targets this area and attempts a theoretical explanation and an overview on the progresses toward sustainability made at...

The seriousness of environmental processes such as climate change, biodiversity loss or resources depletion becomes obvious through studies that require advanced expertise. Due to these characteristic environmental issues remained for a long time beyond public perception, but also beyond the economic cycle. Once some of the ecological unbalances we...

The main energy source of modern society - oil - unleashed and fuelled countless controversies in environmental protection related debates. The conceptualization of oil companies' reaction to environmental issues brought o number of milestones, but was based on the analysis of world leaders and envisaged more the drivers of environmental decisions...

Air is the environmental factor which is the most important for pollutants transport because it is the support for the fastest transportation throughout the environment. Reducing polluting emissions in air remains a field in which there are needed important investments, considering the commitments assumed by Romania for reducing emissions and the p...

Climate change – between costs and benefits. At global and regional levels the effects of climate change start to show up. While some of the countries make efforts to alleviate these effects and to find solutions, others are facing economic or political restrains that prevent them in applying the principle of common responsibility. The complex soci...

Environmental protection supposes radical change of corporate and individual behaviors. As any change, it is unlikely to be easily accepted, even if its need is recognized. Irreducible situations, crises type ones, could be considered, from this perspective, an opportunity. In the paper we develop two arguments for supporting this statement. The fi...

The reality of the third millennium teaches us the lesson of complexity in which the solutions of the positivist approach based on the arrogance of complete and objective knowledge fail one by one faced with multidimensional crisis. Among the relatively few scientists, but who outstand by the permanence of their work, that dared to escape beyond pa...

Globalization is the process that concentrated the public and academic attention in the last decade. Drivers and outcomes of assumed transformation were submitted to a through analysis. Its results were diverse enough to polarize opinions, but not enough for distinguish between contradictory opinions. Among the controversial aspects we bring into d...

Sustainable development was recognized and accepted easily as a vision for afuture in which the “limits of growth” are respected while the wealth and welfare of humans continues to increase. Governments, companies, communities, and even individuals are now aware that environment needs more consideration and some effort should be invested in protect...

The international literature reveal numerous debates on sustainability of EU Cohesion Policy, among this debates another issues is reveal the absorption capacity of member state. According to the objectives of Cohesion Policy the financial programmes will contribute to economical growth, absorption of best available technology, create an attractive...

The main mechanism of profit making is not production according to the outcomes of several analyses of the current economic crisis. This mechanism is circulation and exchange. Starting with this observation the paper goes through a number of aspects regarding the relation between crisis and economy at global level. These aspects consist in the rece...

The paper investigates to what extent an economy can grow sustainably when both recyclable and renewable sources are available to enter the energy mix, while pollution accumulates and generates damages over time. We focus, in particular, on the role played by resource augmenting technical change and by the degree of substitutability among energy so...

Contemporary society is more and more aware of the need to protect environment by creating mechanisms in accordance with the structure and developments of economic and social framework. Thus, at the threshold of the third millennium, a realistic economic outlook cannot be created without considering the ecological component. The position of interna...

Material flow analyses (MFA) has become a growing field of research, MFA is applied the concepts of industrial ecology to study how materials and energy flow into, throughout and out of a system. The paper aims is to review the different studies concerning MFA, also describe the methodology and results further the application of MFA in Romania.

EU is among the communities recognized for their high environmental profile. This could be surprising for an informal recycler from Nigeria and Ghana who regularly receives out of use computers from EU member states and lights up open fires to recover materials. Departing from this paradox the paper attempted to build up a framework for the analysi...

Increasing environmental performance is the result of an equation in which many variables are little or even unknown. The values respected and promoted by top management were confirmed by a number of empirical studies as having an important role for adopting a proactive environmental management. The paper explores different aspects through which th...

Structural and Cohesion Funds are the main instruments of the European Union aimed to promote economic and social cohesion and solidarity. Through these instruments the European Commission pursues to reduce the differences among the development levels of different regions and their development delays and remote areas. The effective implementation o...

The present paper intends, by using the spectral analysis, to measure and analyze the intensity of systematic variations of the time series referring to one of the most sensitive and important statistical macro-economic indicators, which has a significant impact upon all the economic and social policy decisions – the average monthly rate of consume...

Loss of biodiversity is one of the most important issues on the environmental agenda of the contemporary world. Nature conservation, as a scientific and operational concern progressed significantly in approaching this issue, advancing a number of solutions that are today in different stages of implementation and assessment. The managerial principle...

Our paper speaks about financial crisis and its general effects on global economy like: failure of key businesses declines in consumer wealth, a significant decline in economic activity. But it focuses on the main causes and origin of the crisis and the impact of financial crisis on European countries, detailed the case of Greek crisis. Moreover, t...

Increasing environmental performance is one of the changes involved by sustainable development and became a condition of success in economic activities. Efforts invested in this direction are explained by a number of strategic advantages – operational ecoefficiency, reputation, strategic direction, risk management, human resources management, produ...