In contrast to most empirical growth studies, this study applies a robust estimator, which accounts for outliers, non-Gaussian distributions and a lack of quality in datasets like those for growth empirics. According to the empirical analysis, the relationship between government activities and...

Creation and proper functioning of the money market in Romania is subject to a preponderant constancy of private property, to support competition as a factor increasing the efficiency of the economy. Appearance money market in Romania is related to the transformations that have manifested in our...

As by product of economic growth, jobs are indeed transformational. In other words, efficiency increases as workers get better at what they do (as more productive jobs appear and less productive one disappear). In fact societies flourish as jobs bring together people from different ethnic and...

The objective of this study is to evaluate the effect of public spending on economic growth in DR Congo. This is to highlight the non-linear effects of public expenditure on economic growth in the DRC. In view of the results of the econometric regression, there are non-linearities in the...

This paper evaluates the economic effects of Structural Funds in Italy. After presenting the distribution of Funds across Italian Regions over the period 1996-2007 and documenting how the Regions manage the financial resources recevied by EU, the paper assesses the impact of Structural Funds on...

Improving the quality of public finances is a major challenge for European policy makers. The economic crisis has increased budgetary pressures and accentuated the tension between the need to sustain public spending aimed at raising the EU growth potential and the increased scarcity of public...