Through the current research we advocate for the conceptualization of economics and the grouping of the Living Logical System (a concept introduced by prof. Phd. Emil Dinga) on economics, with the purpose of increasing the understanding we have on economic forces. The system which we created, as...

Efficient Market Hypothesis (EMH) has attracted a considerable number of studies in empirical finance, particularly in determining the market efficiency of an emerging financial market. Conflicting and inconclusive outcomes have been generated by various existing studies in EMH. In addition,...

Efficient Market Hypothesis (EMH) has attracted a considerable number of studies in empirical finance, particularly in determining the market efficiency of an emerging financial market. These efficiency tests in the emerging financial markets are rarely definitive in reaching a conclusion about...

The paradigm of the Living Logical System puts into discussion the logical and ontological bases of orthodox economic models concerning the knowledge of the economic processes. The economic process can be known by the economic phenomenon, as it represents the measured form of the economic...

This paper aims to analyze the volatility of capital market in Romania by selecting a portfolio of representative indices (BET BET_FI and RASDAQ_C). In this respect, we want to identify the most appropriate model to estimate volatility by using modern econometric tools and useful GARCH models...