Mirela Cristea

University of Craiova · Department of Finance, Banking and Economic Analysis

Given the poverty challenges to sustainable development and its relationship with various macroeconomic factors, this research aims to appraise the implications of energy security, economic growth, trade openness, and foreign direct investment (FDI) on the poverty in Sub-Saharan African (SAA) countries, which are at the forefront of the countries w...

3 Given the poverty challenges to sustainable development and its relationship with various 4 macroeconomic factors, the objective of this study is to appraise the implications of energy security, 5 economic growth, trade openness, and FDI on the poverty in Sub-Saharan African (SAA) countries, 6 which are at the forefront of the countries with the...

The paper presents the results of research on the influence of logistics customer service on sustainability-focused freight transport practices of enterprises. Additionally, the extended perspective of the key relation through the inclusion of the joint effect of selected organizational competencies of the companies and their competitiveness in int...

Dear editors, reviewers, authors, readers, and other members of the whole scientific and professional community, Welcome to this inaugural issue of the Journal of Green Economy and Low-Carbon Development (JGELCD)! On behalf of the editorial board members, I express my gratitude to introduce the first issue of the JGELCD, which comprises a set of ar...

This paper examines the shaping factors, drivers, and impact credentials of students’ entrepreneurial intention during the COVID-19 pandemic. The proposed framework addresses the antecedents of entrepreneurial intention among students in Romania, focusing on three focal constructs, namely, risk-taking, proactiveness, and innovativeness, with a keen...

The research conducted in this paper aims to examine the role of energy innovations, digital technological transformation, and environmental performance in enhancing the sustainable economic development of the European Union (EU) countries, widely shaped by the globalization process. An advanced empirical analysis is configured on a cross-sectional...

As education is the foundation of a prosperous and sustainable society and given the increasingly visible gap between urban and rural, the aim of the research undertaken in this paper is to present the level of education and labour market integration in Romania, in a comparative urban-rural approach. The dataset compiled for Romania is organized in...

Based on the significance of the corporate social responsibility (CSR) activities, respectively, the Environmental, Social and Governance (ESG) measures, for companies’ advancement in the fields of agriculture, the purpose of our study is to appraise how the ESG measures influence the size of public companies from the agricultural sectors, with par...

The ageing population has become one of the major issues, with manifold consequences upon the economic welfare and elderly living standards satisfaction. This paper grasps an in-depth assessment framework of the ageing phenomenon in connection with the labor market, with significant implications upon economic welfare, across the European Union (EU–...

The connection between insurance and economic development has been intensively addressed in the literature, but a comprehensive analysis including the dimensions of human capital/quality of life has been less considered. The general objective of this research is to assess the degree of development of the insurance sector in the interplay with the r...

On the complex framing of the agricultural fields, related to the corporate social responsibility (CSR), the general objective of this paper is to assess the impacts of environmental, social and governance (ESG) credentials of CSR and human capital features on the financial performance of agricultural companies. The data consists of a sample of 412...

This research examines the financial performance of European companies under the shaping factors of human capital features, namely employee diversity, inclusion and development. Further, the research configures several aggregated pillars and management strategies that need to be accounted by companies to enhance environmental, social and governance...

Good governance requires efficiency and effectiveness in public sector management, a sound legal framework, enhanced coordination, credibility, and transparency of the actions that support financial stability. Connecting these actions, there are significant interlinkages between government spending management and economic development. The research...

The recovery after the unprecedented pandemic crisis that Europe has currently been facing is strengthening the strong dependence between social, economic, and environmental fields, maintaining green investments and innovation at the core of the European strategies. Shifting to clean industries is a challenging mission that a complex network of sta...

Given the COVID-19 pandemic crisis that has deeply affected the health and well-being of people worldwide, the main objective of this paper was to explore the existing relationship between health, welfare, and population aging until the pandemic burst, on the basis of two distinctive groups of European Union (EU) countries, namely, the old and the...

This paper empirically evidences the role played by board characteristics (skills, diversity , structure, independence) in supporting risk management disclosure and shaping the financial performance of European companies operating in the financial services sector. We exploit data selected from Thomson Reuters Eikon database in 2020 for the last fis...

The research aims to identify several dissimilarities between the European Union Member States (EU-27 MS) in terms of welfare and labour market dimensions under the sheer implications of the ageing phenomenon. The quantitative research methodology emphasizes the cluster analysis based on the Ward method, performed for the year 2018. Main results de...

The European Network on Regional Labour Market Monitoring publishes annual anthologies to gather perspectives from all over Europe and beyond on current topics related to regional and local labour markets. In the anthology of 2021, over 30 network members from ten countries reflect on the effects of the COVID-19 pandemic and state interventions or...

Management financial incentives are an effective way to attract, retain and stimulate managers with beneficial spillover effects on firm performance. This paper explores the relationship between board and executive management compensation and remunerations and the financial performance of European companies from various industries in a sustainable...

Given the global importance of bioeconomy for sustainable development and its trendiness in the knowledge driven literature, our research aims to develop a general assessment framework for several shaping factors of bioeconomy fundamentals within the European Union under the decisive impact of the intellectual capital credentials, namely educationa...

The objective of the research undertaken in this paper is to highlight the importance of gender and cultural diversity, social inclusion and both personal and professional development of the employees, in order to mitigate the risks faced by companies, such as to improve the profitability and, correspondingly, to increase their financial performanc...

Given the amplitude of migration in Europe and its potential to encourage or hinder the agricultural development, the general objective of this paper is to assess this possible potential on the long term, within a sustainable development frame of reference. Along these lines, we have built up several scenarios that focus on the agricultural results...

Population aging and public health expenditure mainly dedicated to older dependent persons present major challenges for the European Union (EU) Member States, with profound implications for their economies and labor markets. Sustainable economic development relies on a well-balanced workforce of young and older people. As this balance shifts in fav...

This study examines the Brexit spillovers upon the European Union Member States (MS) (EU-27) and the UK through two fundamental freedoms of regional integration: goods and services (international trade), and capital (foreign investment, FDI). We have applied cluster analysis and structural equation modelling on a strongly balanced panel of EU-27 an...

This paper examines the impact of the ageing dimensions and other economic and social variables on labour productivity and poverty risk within the European Union (EU). Taking into account the sizable dissimilarities among the EU Member States, our research is configured on four specific panels, according to the UNECE/European Commission mapping of...

Research background: The ageing phenomenon undermines the stability and equilibrium of the labour market and it affects the economic development of countries, as well as the welfare of older people aged over 65 years. Purpose of the article: Against this background, our research is conducted to assess the specific ways in which active ageing (meas...

Good governance promotes the fundamental grounds of participation and democracy in contemporary public administration, whilst institution building and the (in)effectiveness of public administration is linked to economic growth. This synergy brings forth sheer implications on the sustainable economic development. On this composite setting, the paper...

This study investigates the interlinkages between the dimensions of corporate social responsibility (CSR-economic, environmental, social), financial performance (ROA, ROE), and corporate governance (CG), by applying the structural equation modeling technique (SEM). It is based on a sample of 614 large companies from the European Economic Area, cove...

European agriculture is widely shaped under the compelling effects of international migration, both economic (labour) immigration and the refugee crisis. This complex endeavour could lead to significant spillover effects also upon the agricultural sectors in neighbouring locations, with different overall economic performances for migrant receiving...

Acknowledging the importance of the bioeconomy as an important dimension of sustainable economic development, and particularly for E.U. strategies, this paper aims to identify and assess several bioeconomy modellers under the compelling effects of education and research–development–innovation activities. Within this frame of reference, the authors...

n this article we develop a two-fold analysis which captures the economic and socio-psychological coordinates in migrants’ labour market integration into ten EU countries (EU-10), mostly targeted by immigrants (namely: Belgium, Denmark, Finland, France, United Kingdom, Germany, Austria, Sweden, Italy and Spain). The focus is on revealing the import...

This research aims to assess the Brexit spillovers upon ten EU economies (EU-10), through labour mobility, as a core pillar of regional integration. In this regard, we have developed two scenarios on the outputs obtained by EU-10related to GDP growth and labour market main results both for natives and the foreign population under the effects of lab...

This study is set out to identify feasible ways for immigrants’ integration into the major ten host countries within the European Union (EU-10) and increased labor market performance. Eurostat, OECD, and United Nations High Commissioner for Refugees (UNHCR) official data was mainly used to capture essential international migration indicators (for b...

The paper’s aim is to analyse the interdependency between the intellectual capital and the financial performance of biotechnological (biotech) companies in the pharmaceutical industry. The analysis was performed for 24 biotech companies in this branch considered during 2002-2014, based on several indicators available on the Thomson Reuters database...

This research examines several modellers of immigration flows deployed within the European Union (EU), as well as their economic consequences upon the most targeted ten migrant receiving countries. The paper’s aim is to identify specific ways in which migrants can contribute to host countries’ sustainable development through positive spillover upon...

The paper aims to design a general assessment framework of working conditions in Europe and associated flexicurity measures, as main drivers of economic growth. We focused on a panel of EU-28 MS and on a sub-panel of 10 CEE countries. First, we conducted a complex cluster analysis based on the Ward method and Euclidian distance that allowed for a p...

Based on representative energy indicators, this study examines the need to adopt Green Energy Economy in Romania, in relation to the economic activity and demographic changes. The data used are the main energy indicators (the CO2 emissions, greenhouse gas emissions, the renewable energy consumption and the consumption of biofuel), the intensity of...

G. Žitković defined the notion of a convexly compact set in a topological space and, among other things, used it to give an extension of the Walrasian excess-demand theorem. We continue the study of convexly compactness in LCS spaces and prove a Krein-Milman theorem in this setting.

One of the European financial market's components is the pension fund, which does not represent a common scheme valid in all member-states. Each member-state has established a specific scheme being in accordance with other financial and working characteristics as well as in accordance with social, economic and political aspects of the economy. This...

The present research has as main aim the analysis of the impact of certain sectors of the economy on the emissions of chemical pollutants in the atmosphere. In order to achieve this goal, we used statistical correlation between the emissions of acidifying substances and ozone precursors-SO2, NOx, NH3 and NMVOC, on the one hand, and the production o...

Worldwide, pension funds face a series of difficulties due to the decrease of the dependence rate, as a result of the ageing phenomenon of the population, correlated with a decreasing birth rate. The present study aims at analysing to what extent the economic and social policies in Romania are able to counteract the difficulties of public pensions....

The implications of the chemical industry in the economy can be seen in almost all the products we use in everyday life, through the chemical processing of natural raw materials from the soil, water and air. Starting from this, this research paper analysed the statistical correlation between the industrial production of the chemical industry in Rom...

The correlation between insurance and economic growth has been analyzed by many authors at the international level, thus there are a lot of studies seeking to assess the causal relation between macroeconomic performance and the size of the insurance sector. The insurance becomes a major component in certain economies, consequently the weight of ins...

The present study indicates what is causality relation between dimension of privately managed pension funds in Romania, measured through net assets value and their performances. In this way, on field literature review there are many studies which have analyzed the fluctuation of pension funds performances considering the assets value, their investm...

On international level, the economic and financial crisis has determined a diminution of the asset value of compulsory pension funds, reflecting a reallocation of funds towards alternative or low-risk investments. The present paper indicates how the net asset value of privately managed pension funds in Romania may be affected or not by certain infl...

In the present economic circumstances of economical-financial crisis on a world-wide level, for the Romanian economy, the financial sector, being a key factor, have a great importance for supporting economic growth. The aim of this paper is to analyse the finance-growth relation in Romania, using quarterly data and applying statistical methods for...

The current paper focuses on the identification of the factors that influenced the evolution of the real sector in Romania between 1990 and 2007, having as a theoretical background the IS-LM model for a small economy, Romania’s case. In this way, we have tested the correlations among: the dynamics of GDP and the capital; GDP evolution, final consum...

The main objective of this paper is to investigate the relationship between economic growth and credit market development for Romania taking into account the effect of inflation rate, bank lending and exchange rate over economic growth, using quarterly data for the period 2001-2009. The methodology of our research consists on applying the statistic...

The present paper tries to investigate the impact of education funding over the economic growth in Romania during the interval of time 1991-2009. It also attempts to answer the following question: does investment in education help the economic growth in Romania? If the answer is positive, then, how important are the allocations of investments in ed...

As it is shown in the specialty literature, there is a series of empirical studies which aim at capturing the effects of public expenditure on the economic growth. To the empirical level, one may notice a reverse correlation between the economic growth and public expenditure, which is clearly explained by the omission of the structure of public exp...

The academic literature analyzes the fiscality concern from all points of view, and the question which pressed upon the theoreticians and also the practitioners of the last decades remains: which is the adequate level of the fiscality? The difficulty in answering the question consists in opposite interests: on one hand, the government is willing to...

In the specialized literature it is reviewed the taxation from all points of view and the question raised by the last decade analysts is: what is the optimum level of taxation? The difficulty in answering to this question stands in the opposite interests: State wants a high level of taxation due to the increasing trend of public expenses while the...

The aim of this study is to analyze the structure of competition in local level. In this frame, primarily the recent theoretical and empirical studies about the localization of competition are examined. The local competition strategies of selected eight banks are tried to be analyzed and measured with the dimensions exposed. The dimensions exposed...

In the specialized literature it is reviewed the taxation from all points of view and the question raised by the last decade analysts is: what is the optimum level of taxation? The difficulty in answering to this question stands in the opposite interests : state wants a high level of taxation due to the increasing trend of public expenses while the...

The purpose of this paper is to establish the correlation between insurance and economic growth, based on conclusions of the first conference of UNCTAD in 1964, which considered that the "development of national insurance and reinsurance markets as essential aspects of economic growth" (Kugler, Ofoghi, 2005). The methodology of our research is base...

Abstract. The academic literature analyzes the fiscality concern from all points of view, and the question which pressed upon the theoreticians and also the practitioners of the last decades remains: which is the adequate level of the fiscality? The difficulty in answering the question consists in opposite interests: on one hand, the government is...

Taking into account the actual economic situation of the world with numerous financial crisis, the insurance companies should control their financial stability in order to avoid the insolvency or even bankruptcy state. Thus, the insurers should find the adequate methods of substantiating the premium installments, the adequate ways of attracting ins...

At present, the insurance business has become a major industry of national savings, the turnover within the insurance domain continues to increase and almost everything is taken into consideration through insurance terms. The share held by the insurance area within the gross domestic product of each country, continues to grow, it may reach 16% in c...

The present paper aims at achieving a comparative analysis of the structure of monetary aggregates, according to the definitions used by the European Central Bank and the National Bank of Romania, respectively. The relevance of such a comparison is justified by the changes adopted by the monetary authority from Romania at the beginning of 2007 in w...

The focus of this article is to present the modelling tehcniques used on international practice in the evaluation of right life premiums based. The knowledge and models obtained have a common element of mortality risk indicators but these are varied in different parts of the world. The common elements of these studies and models are generally based...

The entering of the banking institutions on the insurance market can be seen as an effort of modernizing the sector of financial services, for satisfying the diversifying needs of the consumers. Asserted as a new strategic orientation for financial institutions related to their customers, the concept of banc assurance differs considerable from one...

The paper presents the modelling techniques used on international practice for establishing life premiums quota. Thus, the calculus techniques used by the insurers are generally based on a series of indicators named mortality indicators which mainly point out the insured persons’ survival probability, the death probability and life expectancy at ce...

This paper focused on the green taxes, great actuality issue in the contemporary world. As research method, the paper is based on economical theory of externalities, their presence making the company to take decisions with different social effects. Starting from social cost and private cost of human activity, it is a debate regarding the internaliz...

In the literature, it has been claimed that foreign banks outperform domestic ones. This can be attributed either to more global knowledge or more professional tactics in banking transactions. On the other hand, to be familiar with its society's culture can be an opportunity for domestic banks. In this study, Turkish banks have been evaluated using...

In a world where almost everything can be sold and bought, where the resources fall and the needs grow, we really need vanguard scientific knowledge. Sharing and exchange of experience is an essential mean to achieve an effective opening, enabling communication across borders. Taking into consideration the communication in higher education, we get...

In banking system, being a domestic or foreign bank can be an especially important managerial success. In the literature, it has been claimed that foreign banks are more successful than domestic ones. The reason for this can be having more global knowledge and using more professional tactics in banking transactions. On the other hand, to be familia...

Along with financial markets growth, the amplitude of settlements through payment systems has continuously increased. At the same time, it is necessary to be correlated with the need of streamline of noncash payments and with clients’ demands to transfer sure, efficient and low-cost amounts of money. This action determined passing over to the elect...