Taxation, an essential element of an efficient public finance system, is the best way for collecting income to achive the public expenditures programs and, in the same time, a way to redistribute the income, in order to get rid of poverty and to ensure social equity. Studies on the topic of...

The central budget of a country collects only a fraction of the total fiscal revenues and executes only o fraction of the national public expenditures, the rest of the revenues and expenditures becoming the responsability of subnational governments. The economist Charles Tiebout developed a...

Externalities represent a market failure situation and they appear when one person´s activities influence other person´s welfare in a way that is outside the market mechanism. In contrast to the effects transmitted by market prices, externalities negatively affect the economic efficiency. They...

This paper work analyses the connection between local financial decentralization and the potential of local public administration to sustain the local economic and social development by its own forces by taking part to the capital market. Next to the ordinary financial sources, which are the...

One of the most discussed subjects after Romania entered the family of EU is about the absorbtion and allocation of the European Funds allocated using the Structural Instruments. The forecasts show that the maximum level of absorbtion of EEU’s funds is about 3.7893% from GDP. In Romania case...

Economic analysis plays an important role in the field of competition for investigating the behavior of firms and for the assessment of economic concentrations. It can lead to the significant improvement of the decisions issued by competition authorities, as well as of the decisions of the...

This study aims to build a synoptic picture of the facets of the economic category called “value”, with practicality in the tangible cultural heritage field, from the point of view of a traditionally economists-specific approach: concern for the financial sustainability of any decision....

This paper presents the theoretical framework for the valuation of cultural heritage and of the economic effects produced by investments in the preservation and restoration of cultural heritage. The following methods are considered: impact studies, hedonic pricing method, contingent valuation...

According to the common definition, cost-benefit analysis (CBA) estimates and aggregates the monetary equivalent of present and future social costs and benefits regarding public investment projects (PIP), discounted and compared, aiming at deciding their opportunity. Monetary evaluation problem...

Since 1065, when the first university in Europe was founded – University from Parma, higher education has been in a continuous reformation, both from educational politics point of view and from funding mechanisms point of view. Therefore, this study aims at presenting the main funding models...