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...

This paperwork studies the municipal bond loan issue situation on the Romanianfinancial market and its relation with the local financial decentralization. We discussed also aboutthe opportunity of the municipal rating in selling local bonds and the advantages gave by this kindof financial...

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...

The performance orientation of the higher education system, along with its evaluation and financing according to quality criteria may remain unfulfilled objectives if there will not be the desire and determination to promote and apply such policies. Today’s system of funding the public higher...

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...

Planet Earth, with its plethora of natural (im)balances, has a venerable age of 4.54 billion years; the (industrial) imprint placed by the human species on it, considered to be not negligible, counts of just little over two centuries; while the digital/IT&C/virtual existence of man, in what we...

Comparative judgements related to economic systems (along with pending political ideologies) represent a subject of investigation that, at first glance, appertains to the "ABC" of social sciences, although the "literacy" of policy-makers, business officials, or public opinion reveals surprising...